Clarendale of Mokena

The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.

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.

An offering listing published by Baker 1031 describes the offering as all-cash, with no permanent financing encumbering the property, and states that Inland Private Capital — not the Trust — obtained a bridge loan from First Merchants Bank, with no portion of that bridge liability allocated to investors. The Form D filed April 8, 2026 reports no financing terms, and Top1031's pipeline data records leverage as unknown because the filing is silent on it. The capitalization that governs is the one described in the private placement memorandum (PPM), the offering's controlling disclosure document.

A Delaware statutory trust cannot operate a business, so seniors housing deals place an operating tenant between the trust and the resident business. An offering listing published by Baker 1031 reports the property is leased to an Inland Private Capital-affiliated master tenant under a 120-month master lease, that Life Care Services LLC handles day-to-day operations as an unaffiliated third-party operator, and that an affiliate of Life Care Services is acquiring 2.0 percent of the interests in the offering alongside outside investors. Residents pay monthly for housing and care, so underlying revenue moves with occupancy and rates. The master lease terms appear in the PPM, not in the SEC filing.

Senior Housing Business reported on April 17, 2026 that Clarendale of Mokena was 94 percent occupied at the time of acquisition, and a Baker 1031 offering listing reports it was 94.23 percent leased to residents as of February 20, 2026. Seniors housing occupancy moves month to month as residents move in, change care levels, or leave, and no later occupancy figure appeared in the public sources reviewed on September 14, 2026.

The two public figures do not match. The Form D filed with the SEC on April 8, 2026 reports a $25,000 minimum outside investment accepted, while the Baker 1031 offering page lists a $100,000 minimum. Sponsors often set different minimums for 1031 exchange investors than for cash investors and may waive them, so the figure that applies to a given subscriber is the one stated in the current PPM and subscription documents.

A Form D under Rule 506(b) — the private-placement exemption that prohibits general advertising and limits purchasers to accredited investors — filed April 8, 2026 and identified as a new notice rather than an amendment. No amendment appeared in the record reviewed on September 14, 2026, and no reviewed public source established a foreclosure, bankruptcy, or litigation involving the Trust or the property. A Form D is an issuer-filed notice; the SEC does not verify its contents.

Nothing in the reviewed record indicates a 721/UPREIT exit — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into a securities interest. Top1031 records this Trust as having no REIT conversion feature. Any exit mechanics the sponsor contemplates would be spelled out in the PPM and the trust agreement.