The Parent Trust owns, through two Operating Trusts, two stabilized student housing communities in the Dallas-Fort Worth area: Liberty Lofts (55 units, 165 beds) near Texas Christian University in Fort Worth, fully leased to TCU, and Midtown Urban (69 units, 232 beds) across from the University of Texas at Arlington, leased to residents and a 40-bed block lease. Both are master leased to a sponsor-affiliated Master Tenant that pays rent covering debt service plus additional and bonus rent. The stated objectives are cash distributions from operations, maintaining long-term value, and a sale of the Properties before the Loan matures in February 2029. The offering is designed for Section 1031 exchange investors.