Top1031

Spring Village at Pocono

Senior living property in East Stroudsburg, PA · sponsored by Bourne Financial Group

HistoricalLast Form D filed Jul 17, 2017 (opens in a new tab)

Spring Village at Pocono was a DST sponsored by Bourne Financial Group that owned a senior living property in East Stroudsburg, PA (69 units). Its last Form D was filed Jul 17, 2017.

How it ended

No public outcome found

Last Form D filed Jul 17, 2017.

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
$25,000
From the Form D
Offering size
$7,725,000
Equity offered, per the Form D
Sold
Not reported after the first Form D (Jul 17, 2017)
Form D, Jul 17, 2017
Selling commissions
$733,875 · 9.5% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

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 →

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Ask a 1031 specialist about this recordFree. About: Spring Village at Pocono. Top1031 is not a broker-dealer.

What did Spring Village at Pocono own?

Spring Village at Pocono is a personal-care and memory-care community at 329 E. Brown Street in East Stroudsburg, Pennsylvania. 2 Bourne Financial Group and WoodBine Senior Living acquired it in August 2015 at an undisclosed price. 3 Pennsylvania licensing records from 2018 name BFG Pocono Master Tenent LLC as the legal entity at that address. 4 The 2025 licensing report names BFG Pocono Springing, LLC — neither is this Trust. 5

Reported location
East Stroudsburg, PA
Property size
69 units (housing up to ~93 residents)

How was it financed, and what did it cost to sell?

The public record does not establish how this Trust was financed. Form D notices do not require debt disclosure, and no lender, loan document, or all-cash statement for the Trust appears anywhere in the file.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$733,875 · 9.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,325,125 · 30.0% of offering
Form D Item 16
· The filing’s note: “BFG POCONO DEPOSITOR, LLC WILL BE RESPONSIBLE FOR PAYING CERTAIN FEES AND COSTS OF APPROXIMATELY $1,675,000.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$25,000

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. The issuer marked these amounts as an estimate.

What does the SEC record show?

The notice of exempt offering was signed July 10, 2017 and reached EDGAR a week later. 6 It was never amended, so no later filing reports a first sale, a closing, or a final subscription total. Interests were offered privately to accredited investors — those meeting SEC income or net-worth tests — with no general advertising permitted.

Legal Trust name
BFG POCONO DST
SEC CIK
1711935
First Form D
Jul 17, 2017
Latest Form D
Jul 17, 2017
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$7,725,000
$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

What happened to Spring Village at Pocono?
Spring Village at Pocono is a Historical offering. Last Form D filed Jul 17, 2017.
Does the public record prove this Trust owns Spring Village at Pocono?
Not directly. The 2017 Form D names BFG Pocono DST but never names the property, its address, a tenant, or a loan. The 2015 acquisition report names Bourne Financial Group and WoodBine Senior Living, not the trust. Pennsylvania licensing files list other BFG-named entities as the legal entity. The ownership chain has to be confirmed in the trust's own documents.
What is in the property's regulatory record?
Pennsylvania Department of Human Services inspection reports for license 23293 span 2018 through April 2026 and cite items including a fire-drill evacuation that ran past the state target in 2018, medication and oxygen-storage handling, obstructed stairwell egress, grab bars, resident contract signatures, and staffing qualifications. Each of those reports states the plan of correction was implemented.
What kind of risk profile does senior housing carry in a DST?
Personal care and memory care are operating businesses, not passive net-lease real estate: results move with occupancy, labor costs, private-pay rates, and state licensing outcomes. Rent to the trust typically depends on an affiliated master tenant's operating performance, which the offering documents should describe in detail.

In the news

Sources

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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.