Aspire West End DST
in Richmond, VA · sponsored by Bonaventure
Active offeringLatest Form D filed Aug 25, 2026 (opens in a new tab)
Aspire West End DST, sponsored by Bonaventure, filed its first Form D with the SEC on Aug 25, 2026 for a $32 million offering. Its latest Form D, filed Aug 25, 2026, lists a $32 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $32,000,000Equity offered, per the Form D
- Sold so far
- Form D, Aug 25, 2026$0
- Investors reported
- Form D, Aug 25, 20260
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,880,000 · 9.0% of offering
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
- Latest Form D
- Aug 25, 2026 · 1 filing
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $0
- Not yet sold
- $32,000,000
- Investors
- 0
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Ask a 1031 specialist about this recordFree. About: Aspire West End DST. Top1031 is not a broker-dealer.Aspire West End DST · Richmond, VA · Photo: aspirewestend.com
What does Aspire West End DST own?
The Form D names no property. Bonaventure identified the asset as Aspire West End, a 148-residence independent-living community in the Richmond, Virginia area, and reported it 91.9% occupied as of September 9, 2026. 2 The community, branded Aspire at West End, gives its address as 5020 Sulky Dr, Richmond, VA 23228, which Bonaventure places in Henrico County. 3
- Reported location
- Richmond, VA
How is it financed, and what did it cost to sell?
Neither the Form D nor the reviewed public reporting sets out how the Trust is capitalized. No lender, loan balance, rate, maturity or loan-to-value figure was verified in the public record as of October 4, 2026; those terms would appear in the offering documents.
Costs and terms from the Form D
- Selling commissions
- $2,880,000 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,828,500 · 5.7% of offeringForm D Item 16· The filing’s note: “The Sponsor and its affiliates will receive reimbursements for loan-related costs of $870,804 + a Sponsor Fee of $560,000 + other closing costs of $397,696.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Preferred Capital Securities, LLC · CRD 169719
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $100,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.
Who's behind Aspire West End DST?
Bonaventure Holdings, LLC is identified in the Trust's Form D as sponsor of the issuer. 1 Bonaventure announced the offering's launch on September 23, 2026 under the banner "Built, Owned, Operated," describing the Richmond community as stabilized and cash-flowing. 2 On February 25, 2026, Vitality Living said it had taken over management of the community while ownership remained with Bonaventure — so the sponsor's "operated" framing does not exclude a third-party manager on site. 4
- Sponsor
- Offerings on record
- 2 active / 4 total
What does the SEC record show?
The Trust's paperwork so far is a single Form D — the brief notice an issuer files with the SEC once a private offering begins — with no amendment on record. The exemption claimed permits public marketing of the offering but limits purchasers to accredited investors, those meeting SEC income or net-worth tests, whose status must be verified.
- Legal Trust name
- Aspire West End DST
- SEC CIK
- 2149623
- First Form D
- Aug 25, 2026
- Latest Form D
- Aug 25, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $32,000,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- Is Aspire West End DST an active offering?
- Aspire West End DST is an Active offering: its latest Form D was filed Aug 25, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What property backs Aspire West End DST?
- The SEC Form D names no property. Bonaventure's September 23, 2026 launch announcement identified the asset as Aspire West End, a 148-residence independent-living community in the Richmond, Virginia area, and reported it 91.9% occupied as of September 9, 2026. The community, branded Aspire at West End, lists its address as 5020 Sulky Dr, Richmond, VA 23228, which Bonaventure places in Henrico County.
- Who runs the community day to day?
- Vitality Living announced on February 25, 2026 that it had assumed management of Aspire at West End Richmond effective February 1, 2026, and said ownership remained with Bonaventure. Bonaventure's own materials describe the firm as having built, owned and operated the community, so ownership and on-site management should not be conflated: the public record shows a sponsor that owns the asset and a third-party senior-living operator installed in February 2026.
- Is there a master lease or a corporate tenant?
- No master lease, counterparty or lease terms were verified in the public record as of October 4, 2026. Aspire West End is an independent-living community, where income comes from residents rather than from a single corporate tenant. Any master lease used in the DST structure would be set out in the offering documents, rather than in the SEC filing.
- What is the minimum investment?
- The Form D filed August 25, 2026 states a $100,000 minimum investment accepted from an outside investor. Whether the sponsor applies a different minimum to 1031 exchange investors than to cash investors, or may accept less at its discretion, is set out in the offering documents rather than the SEC filing.
- What does the public record not tell me about this Trust?
- As of October 4, 2026, the reviewed sources show no deed, acquisition date or price for the transfer of the property into the Trust, no lender or loan terms, no master lease terms, no distribution terms or hold period, and no statement about whether a 721/UPREIT exit — a later contribution of Trust property into a REIT's operating partnership in exchange for REIT units — is contemplated. Bonaventure's offering-specific web page is password-protected, so the offering documents are the only place those terms would appear.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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 offering documents before investing.