Inland NJ Senior Living DST
Senior living property in NJ — sponsored by Inland Private Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Inland NJ Senior Living DST is a Delaware statutory trust — fractional real estate ownership structured so an interest can qualify for a 1031 exchange — offered privately under Rule 506(b) to accredited investors meeting SEC income or net-worth tests.1 The Form D names no property; distributor Baker 1031 reports the Trust owns The Delaney of Bridgewater, a 224-unit senior living community at 901 Frontier Road in Bridgewater.2
506(b); no public acquisition PR or third-party listing found; NJ location per trust name only. First Form D Oct 2025
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The SEC notice names no property. Baker 1031, a distributor of the offering, reports the Trust owns The Delaney of Bridgewater at 901 Frontier Road in Bridgewater — a 38.46-acre campus with one five-story main building and 15 single-story villa buildings, holding 224 units and 228 beds across independent living, assisted living and memory care.2 State health records list that address as a licensed Assisted Living Residence.4 No located public source establishes a purchase price or closing date.
- Reported location
- NJ
Who is the tenant, and what's the lease?
No SEC filing states lease terms, and no located public source sets out the terms of any lease between the Trust and an operator. The community's own site says LCS manages it and that residents rent without an entry fee.3 What reaches the Trust therefore tracks a senior living operating business rather than one credit tenant's fixed rent.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Form D describes no debt. Baker 1031 reports first-mortgage debt alongside the equity raise, on a variable-rate loan carrying a rate cap and an interest-only period before amortization begins.2 Borrowed money ranks ahead of investors and must be repaid, refinanced or extended at maturity. No lender is identified in the SEC record.
Who's behind it?
Inland Private Capital is the 1031 exchange and private placement arm of Oak Brook, Illinois-based Inland, a vertically integrated real estate group. AltsWire reported on April 16, 2026 that the sponsor closed a fully subscribed $83.6 million equity raise for a separate New Jersey multifamily DST. Inland named Andrew Barnum managing director of product strategy on July 20, 2026, Matthew Beverly head of asset management on July 27, 2026, and Thad Ingersoll head of compliance on August 25, 2026.
- Sponsor
- Inland Private Capital
- Legal Trust name
- Inland NJ Senior Living DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The notice on file is an original rather than an amendment, and it reports a first sale of interests on October 8, 2025.1 A Form D is a one-time notice of an exempt private offering — an issuer need not refresh it as subscriptions arrive, so it fixes a single point in time.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
Is Inland NJ Senior Living DST still raising money?
Top1031 lists Inland NJ Senior Living DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Inland NJ Senior Living DST?
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.
What property does this Trust own?
The Form D names no property, and the only geography in the SEC record comes from the trust's legal name. Baker 1031's page for the offering reports The Delaney of Bridgewater at 901 Frontier Road, Bridgewater, New Jersey — a 38.46-acre campus with one five-story main building and 15 single-story villa buildings, holding 224 units and 228 beds made up of 136 independent-living units, 56 assisted-living units and 32 memory-care units. New Jersey Department of Health records list the same address as an Assisted Living Residence. No SEC filing corroborates the trust-to-property link, and no located public source establishes what the Trust paid or when it closed.
Who operates the community, and how is it leased?
The Delaney of Bridgewater's own website says the community is managed by LCS and is a rental senior living community with no entry fee. No located public source states the terms of any lease between the Trust and an operator or master tenant — no term, rent schedule or guarantee. That is different from a triple-net lease, where a single corporate tenant pays fixed rent and separately covers taxes, insurance and maintenance. In a senior living structure, what reaches investors depends on how an operating business performs month to month. The private placement memorandum — the confidential document that governs the offering — is where those mechanics are set out.
Is this offering leveraged?
No SEC filing addresses debt. Baker 1031's offering page, last updated July 13, 2026, reports total capitalization of $163,655,073 — $77,255,073 of equity and $86,400,000 of debt — and an in-place loan-to-value ratio of 52.79%. The same summary describes a variable-capped loan with a 5.00% initial interest rate, a seven-year term with a three-year extension option, a seven-year interest-only period and 30-year amortization. Those are sponsor-reported figures reproduced by a distributor, not items filed with the SEC; the loan documents and the private placement memorandum control.
Is the Trust still raising?
Top1031 classifies it as raising, based on a single Form D filed October 21, 2025 with no later filing or amendment for this issuer located as of the September 4, 2026 research run. Baker 1031's page states the offering was scheduled to terminate on or before September 24, 2026, and that page — last updated July 13, 2026 — carried a status label of 'rejected,' a distributor's internal designation whose meaning is not explained on the page. Because a Form D is a one-time notice an issuer need not update, whether interests remain available has to be confirmed with the sponsor or the selling broker-dealer.
What is the minimum investment, and what does the notice say about fees?
The Form D reports a $25,000 minimum outside investment accepted, a total offering amount of $77,255,073 and estimated sales commissions of $3,862,754. Those are notice-filing entries, not a fee table. The private placement memorandum sets the governing minimum — which can differ for 1031 exchange investors versus cash investors — and discloses the full load, including organization and offering costs, acquisition and financing fees, ongoing asset-management economics and reserves.
Can this Trust exit through a 721 UPREIT transaction?
The record shows no REIT conversion feature. In a 721 or UPREIT exit, a DST's property is contributed to a real estate investment trust's operating partnership in exchange for OP units — deferring gain but ending future 1031 exchange eligibility for that interest. Nothing in the Form D indicates that path here. The private placement memorandum describes whatever exit mechanics the sponsor contemplates, including an eventual sale of the community.