Minneapolis MSA Senior Living Portfolio
Senior living property · sponsored by Inland Private Capital
Minneapolis MSA Senior Living Portfolio was a DST sponsored by Inland Private Capital that owned a senior living property. Its last Form D, filed Jul 17, 2024, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Jul 17, 2024, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $76,762,629Equity offered, per the Form D
- Sold
- 100%Form D, Jul 17, 2024; the % is our arithmetic
- Investors reported
- Form D, Jul 17, 2024161
- Selling commissions
- Form D Item 15; the % is our arithmetic$6,064,248 · 7.9% of offering
- 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 →
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: Minneapolis MSA Senior Living Portfolio. Top1031 is not a broker-dealer.What did the Trust own?
The Trust holds three Class-A senior living communities across the Minneapolis metro: The Waters of Edina, The Waters on 50th in Minneapolis, and The Waters of Plymouth. 2 Multi-Housing News reported on January 3, 2024 that an Inland affiliate had bought the trio, and the Minneapolis/St. Paul Business Journal reported on January 2, 2024 that acquisition financing for the $95 million portfolio had been secured. Construction dates and unit mix are not in the public record.
- Property size
- 3 communities; 321 total units
How was it financed, and what did it cost to sell?
The Trust carries property-level mortgage debt, which sits ahead of investor equity and came attached to the buildings rather than being arranged by each investor. The lender, loan amount, and maturity are not identified in the public record, so those terms exist only in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $6,064,248 · 7.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,505,975 · 4.5% of offeringForm 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
- 25 named in the Form D
Show the firms
- American Investors Company · CRD 38
- Ameritas Investment Company, LLC · CRD 14869
- Arkadios Capital · CRD 282710
- Avantax Investment Services, Inc. · CRD 13686
- B.B. Graham & Company, Inc. · CRD 41533
- Cambridge Investment Research, Inc. · CRD 39543
- Cetera Advisors LLC · CRD 10299
- Cetera Financial Specialists LLC · CRD 10358
- Cetera Wealth Services, LLC · CRD 13572
- Concorde Investment Services, LLC · CRD 151604
- Crown Capital Securities, L.P. · CRD 6312
- DAI Securities, LLC · CRD 36673
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Hilltop Securities Inc. · CRD 6220
- Invicta Capital LLC · CRD 288101
- LPL Financial LLC · CRD 6413
- M.S. Howells & Co. · CRD 104100
- Osaic FA, Inc. · CRD 3978
- Osaic FS, Inc. · CRD 3870
- Realized Financial, Inc. · CRD 22333
- Vanderbilt Securities, LLC · CRD 5953
- Wealthforge Securities, LLC · CRD 152550
- Western International Securities, Inc. · CRD 39262
- Wintrust Investments LLC · CRD 875
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Dec 6, 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.
Who's behind the Trust?
Inland Private Capital Corporation, the securitized 1031 arm of the Inland Real Estate Group of Companies, is named as the sponsor in the Trust's Form D. 1 Inland is among the longest-running and highest-volume DST sponsors, running many programs at once across multiple property types. On July 25, 2024 the firm announced that this offering had been fully subscribed and closed. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The issuer reported December 6, 2023 as its date of first sale, then filed a run of amendments that each updated the amount sold until the raise was complete. 1 It was offered under Rule 506(b), the private-placement exemption that bars public advertising and generally limits sales to accredited investors reached through existing relationships.
- Legal Trust name
- Minneapolis MSA Senior Living Portfolio DST
- SEC CIK
- 2001883
- First Form D
- Dec 8, 2023
- Latest Form D
- Jul 17, 2024
- Filings on record
- 13
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $76,762,629 | $76,762,629+$2,230,589 | 161+7 | EDGAR | |
| Form D/A | $76,762,629 | $74,532,040+$1,893,385 | 154+6 | EDGAR | |
| Form D/A | $76,762,629 | $72,638,655+$2,677,803 | 148+9 | EDGAR | |
| Form D/A | $76,762,629 | $69,960,852+$5,150,740 | 139+9 | EDGAR | |
| Form D/A | $76,762,629 | $64,810,112+$8,452,937 | 130+20 | EDGAR | |
| Form D/A | $76,762,629 | $56,357,175+$15,675,084 | 110+17 | EDGAR | |
| Form D/A | $76,762,629 | $40,682,091+$4,354,075 | 93+15 | EDGAR | |
| Form D/A | $76,762,629 | $36,328,016+$5,972,165 | 78+12 | EDGAR | |
| Form D/A | $76,762,629 | $30,355,851+$6,793,645 | 66+13 | EDGAR | |
| Form D/A | $76,762,629 | $23,562,206+$15,470,580 | 53+25 | EDGAR | |
| Form D/A | $76,762,629 | $8,091,626+$2,443,313 | 28+9 | EDGAR | |
| Form D/A | $76,762,629 | $5,648,313+$4,843,453 | 19+17 | EDGAR | |
| Form D | $76,762,629 | $804,860 | 2 | EDGAR |
Show all 13 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 Minneapolis MSA Senior Living Portfolio?
- Minneapolis MSA Senior Living Portfolio is a Historical offering. The last Form D, filed Jul 17, 2024, reports the offering fully sold.
- What exactly does the Trust own?
- Three Class-A senior living communities totaling 321 units in the Minneapolis metro area: The Waters of Edina at 6300 Colonial Way in Edina, The Waters on 50th at 3500 West 50th Street in Minneapolis, and The Waters of Plymouth at 11305 Highway 55 in Plymouth, Minnesota.
- Who runs the communities day to day?
- The public record reviewed for this profile does not name the operator or describe any master lease or management agreement for this Trust. Because senior living depends heavily on the operator, that identity and the terms of its agreement are worth reading in the offering documents before relying on any assumption.
- Is there a 721/UPREIT exit?
- Not according to the record here. A 721 or UPREIT exit is a structure in which the DST's property is later contributed to a REIT in exchange for operating-partnership units instead of being sold for cash. This Trust is recorded as not designed to convert to a REIT, so a conventional sale is the exit path shown.
- What did investors actually buy?
- Beneficial interests in a Delaware statutory trust that owns the three communities. A DST is passive by design: investors cannot manage the properties, negotiate the loan, or vote on operations, and the interests are treated as real property for Section 1031 exchange purposes, which is why exchangers use them.
In the news
Sources
Show sources (3)Hide sources (3)
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.