Clarendale of Mokena

Top1031 lists Clarendale of Mokena as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

Sponsor offering material describes the offering as all-cash, with no permanent financing encumbering the property, and no trust-level lender or loan balance appears in the public record reviewed on August 31, 2026. An all-cash structure means there is no mortgage debt for you to replace in an exchange, which matters if your relinquished property carried a loan — some exchangers need replacement debt to avoid boot. Confirm the current capitalization, including any sponsor-level borrowing, in the private placement memorandum (PPM), the offering's governing 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. Here, LCS Community Operations — which co-owned the community through a joint venture with Nuveen Real Estate before the April 2026 sale — continues to provide management services. Residents themselves pay monthly for housing and care, so underlying revenue moves with occupancy and rates. The specific master-tenant entity and lease term are described in the PPM rather than in the SEC filing.

Sponsor offering material states the community was 94.23 percent leased to residents as of February 20, 2026, and Inland's acquisition announcement described it as 94 percent occupied as of closing. Seniors housing occupancy shifts month to month as residents move in, change care levels, or leave, and no later occupancy figure appeared in the public record reviewed on August 31, 2026. The current rent roll and occupancy report are the primary documents behind those numbers.

The Form D filed with the SEC on April 8, 2026 reports a $25,000 minimum outside investment accepted. Sponsors often set different minimums for 1031 exchange investors than for cash investors and may waive them at their discretion, so the figure that applies to you is the one in the current PPM and subscription documents rather than the SEC notice.

The record shows no 721/UPREIT feature — no disclosed path to contribute the property to a REIT in exchange for operating partnership units, a step that would end 1031 exchange eligibility on any later sale. Exit provisions in the trust agreement are still worth reading directly, because sponsors sometimes negotiate structures that public filings do not describe.

One Form D, filed April 8, 2026 under Rule 506(b) — the private-placement exemption that prohibits general advertising and limits purchasers to accredited investors. It reports a total offering amount of $86,840,527. No amendment had followed it as of research on August 31, 2026, and no reviewed public source established a sale, refinancing, foreclosure, or litigation involving the Trust. A Form D is an issuer-filed notice; the SEC does not verify its contents.