Top1031

Algonquin Senior Living community

Senior housing property in Algonquin, IL · sponsored by Inland Private Capital

HistoricalLast Form D, filed Mar 1, 2024, reports the offering fully sold (opens in a new tab)

Algonquin Senior Living community was a DST sponsored by Inland Private Capital that owned a senior housing property in Algonquin, IL (186 units). Its last Form D, filed Mar 1, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Mar 1, 2024, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$46,208,179
Equity offered, per the Form D
Sold
100%
Form D, Mar 1, 2024; the % is our arithmetic
Investors reported
115
Form D, Mar 1, 2024
Selling commissions
$3,650,446 · 7.8% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Algonquin Senior Living community. Top1031 is not a broker-dealer.

What did the Trust own?

The community operates as Clarendale of Algonquin at 2001 West Algonquin Road in Algonquin, Illinois. 1 Inland's acquisition arm bought it for $63 million from a joint venture of Harrison Street Real Estate Capital and Ryan Companies, in a deal reported April 10, 2023, and the interests were then syndicated to exchange investors. 3 The unit mix is 76 independent living apartments, 56 assisted living suites and 54 memory care suites. 3

Reported location
Algonquin, IL
Property size
186 units

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

Form D notices do not disclose property debt, and no loan amount, lender, or leverage level for this Trust appears in the sources reviewed. The offering documents are where that structure would be described.

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$3,650,446 · 7.8% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,997,805 · 4.3% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs, and offering and organizational expenses that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
24 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 3, 2023
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 Trust filed an initial Form D — the SEC's brief notice of an exempt private offering — and then amended it repeatedly as subscriptions came in, each amendment updating the amount sold and the investor count. It was offered under Rule 506(b), which bars general advertising and limits sales to accredited investors the sponsor already knew.

Legal Trust name
Algonquin Senior Living DST
SEC CIK
1982755
First Form D
Jul 14, 2023
Latest Form D
Mar 1, 2024
Filings on record
12
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 soldInvestors
Form D/A$46,208,179
$46,208,179+$37,045
115
EDGAR
Form D/A$46,208,179
$46,171,134+$25,000
115+1
EDGAR
Form D/A$46,208,179
$46,146,134+$558,955
114+1
EDGAR
Form D/A$46,208,179
$45,587,179+$1,081,590
113+2
EDGAR
Form D/A$46,208,179
$44,505,589+$360,945
111+1
EDGAR
Form D/A$46,208,179
$44,144,644+$2,861,924
110+7
EDGAR
Form D/A$46,208,179
$41,282,720+$11,640,165
103+25
EDGAR
Form D/A$46,208,179
$29,642,555+$12,313,159
78+33
EDGAR
Form D/A$46,208,179
$17,329,396+$7,199,834
45+20
EDGAR
Form D/A$46,208,179
$10,129,562+$6,196,434
25+15
EDGAR
Form D/A$46,208,179
$3,933,128+$2,535,195
10+6
EDGAR
Form D$46,208,179
$1,397,933
4
EDGAR
Show all 12 SEC Form D filings

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 Algonquin Senior Living community?
Algonquin Senior Living community is a Historical offering. The last Form D, filed Mar 1, 2024, reports the offering fully sold.
What does the Trust actually own?
A single Class A, private-pay senior living community in Algonquin, Illinois, operating as Clarendale of Algonquin at 2001 West Algonquin Road. It has 186 units: 76 independent living apartments, 56 assisted living suites and 54 memory care suites.
Is there a tenant and a lease behind this like a net-leased DST?
Not in the usual sense. Senior housing is an operating business — residents pay monthly fees instead of a single corporate tenant paying rent — and the community is managed by LCS. The sources reviewed for this record do not disclose a master lease or lease term; the offering documents would state whether a master tenant structure exists.
Was the offering leveraged?
Not stated in the public record reviewed. Form D filings do not report property debt, and no loan amount, lender, or loan-to-value figure for this Trust appeared in the sources reviewed. Investors received that information in the offering documents.
Could this Trust roll into a REIT through a 721/UPREIT exit?
The record for this Trust shows no REIT conversion feature. A 721/UPREIT exit is a structure in which a DST's property is contributed to a REIT's operating partnership in exchange for partnership units, deferring tax but ending direct real estate ownership. Nothing in this record indicates that path here.
Has an outcome been reported for the Trust?
No sale, refinancing, or other disposition for Algonquin Senior Living DST is reported in the filings or sources reviewed through August 31, 2026. The Trust closed its raise in March 2024 and no outcome has been reported yet.

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.