Iris Memory Care of Turtle Creek / Laurel Lodge
Assisted living and memory care property in Cleveland, GA — sponsored by 1031 CF Properties
Files with the SEC as 1031CF Portfolio 3 DST
Minimum investment
$25k
Offering size
$37.1M
How much has sold
3.0%
Asset type
Assisted living and memory care property
Location
Cleveland, GA
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
1031CF Portfolio 3 DST is a Delaware statutory trust — the structure that lets 1031 exchangers own fractional interests in real estate — sponsored by 1031 CF Properties, the entity behind 1031 Crowdfunding. It holds two senior-housing communities, one in Dallas and one in Cleveland, Georgia, announced as acquired on July 6, 2022.1 A single 2022 Form D is the entire SEC record.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The Trust holds two senior-housing communities: Iris Memory Care of Turtle Creek at 3611 Dickason Ave. in Dallas and Laurel Lodge at 210 Hope Drive in Cleveland, Georgia.2 The Dallas building operated as Silverado Memory Care of Turtle Creek until a Realty Capital Partners and Matteo Realty Partners venture bought and rebranded it in 2019.3 Laurel Lodge completed a 16-unit wing in March 2022 and was fully occupied when it sold.4 1031 Crowdfunding announced the acquisition July 6, 2022.1
- Reported location
- Cleveland, GA
- Property size
- 109 units / 137 beds across two facilities
Who is the tenant, and what's the lease?
There is no single corporate tenant here; these are operating care communities. Iris Senior Living continued managing the Dallas property and Over the Top Management was named Laurel Lodge's property manager at closing.2 Laurel Lodge is now presented under the Oaks Senior Living brand.5 No master-lease terms appear in public sources.
How did it end?
No sale or other ending on record
As of July 27, 2026, AssistedLivingMagazine lists Iris Memory Care of Turtle Creek as owned and legally operated by 1031CF Portfolio 3 TX MT LLC, while Oaks Senior Living's Laurel Lodge page says new memory-care residences are open; these property records support continued operation, and no direct trust-level sale, UPREIT, distress, or return disclosure was found.
Business Wire described this as 1031 Crowdfunding's eighth senior-housing DST; offering was available to investors when announced 2022-07-06.
109 units / 137 beds across two facilitiesSupporting evidence
Who's behind it?
1031 CF Properties LLC is the sponsoring entity behind 1031 Crowdfunding, an online platform that assembles replacement-property offerings for investors completing 1031 exchanges. Business Wire's July 6, 2022 announcement described this as the firm's eighth senior-housing DST, a sector the sponsor has concentrated on. Research through August 23, 2026 turned up no later SEC filing or sponsor update tied to this particular Trust.
- Sponsor
- 1031 CF Properties
- Legal Trust name
- 1031CF Portfolio 3 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 4 total offerings from 1031 CF Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
One Form D — the short notice an issuer files after its first sale in an exempt private placement — is the whole SEC record here, with no amendment and no termination notice since. Because the offering may be generally solicited, it can be advertised publicly, but each buyer must be verified as an accredited investor.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Iris Memory Care of Turtle Creek / Laurel Lodge?
Top1031 lists Iris Memory Care of Turtle Creek / Laurel Lodge as historical. It is no longer raising money.
Where does Top1031 get the data for Iris Memory Care of Turtle Creek / Laurel Lodge?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does 1031CF Portfolio 3 DST actually own?
Two senior-housing communities in different states: Iris Memory Care of Turtle Creek, a memory-care building at 3611 Dickason Ave. in Dallas, Texas, and Laurel Lodge, an assisted-living and memory-care community at 210 Hope Drive in Cleveland, Georgia. 1031 Crowdfunding announced the acquisition of both on July 6, 2022.
Is the offering still open?
The SEC record shows a single Form D filed July 18, 2022, with no amendment and no termination notice, so nothing in the public filings marks the raise as closed or fully subscribed. Because a Form D is a snapshot at filing, current availability has to be confirmed with the sponsor or your broker-dealer.
How much equity was the sponsor raising?
The Business Wire announcement of July 6, 2022 stated the offering sought $25,150,000 in equity with a $25,000 minimum investment. The Form D filed July 18, 2022 reported a total offering amount of $37,150,000. The two figures come from different documents and public sources do not reconcile them.
Who operates the two communities?
At closing, Iris Senior Living continued to manage the Dallas community and Over the Top Management was named Laurel Lodge's property manager; the Laurel seller, an owner-operator, was engaged to keep operating the building. As of August 23, 2026, Laurel Lodge is presented under the Oaks Senior Living brand.
Can this Trust roll into a REIT through a 721/UPREIT exit?
No 721/UPREIT exit — the transaction in which trust interests are contributed to a REIT's operating partnership for OP units — is indicated for this Trust in the data on record. Any exit mechanics would be spelled out in the private placement memorandum, the offering's governing disclosure document.
What is not known from public records?
Public sources do not establish the lease or master-tenant structure, the purchase price allocation between the two properties, whether the Trust carries mortgage debt and on what terms, current occupancy, or any final subscription or exit outcome. Those items would be addressed in the PPM.
Chapter 81031 Crowdfunding Buys 2 Senior Living AssetsMulti-Housing News reported 1031 Crowdfunding bought two senior-living communities totaling 109 units for its DST program. 1031 Crowdfunding Acquires Memory Care and Assisted Living Portfolio in Texas and Georgia1031 Crowdfunding announced acquisition of Iris Memory Care and Laurel Lodge for 1031CF Portfolio 3 DST, a 109-unit / 137-bed senior-living portfolio in Dallas and Cleveland.