Top1031

Minneapolis MSA Senior Living Portfolio II

Senior housing property in Monument, MN · sponsored by Inland Private Capital

HistoricalLast Form D, filed Mar 13, 2026, reports the offering fully sold (opens in a new tab)

Minneapolis MSA Senior Living Portfolio II was a DST sponsored by Inland Private Capital that owned a senior housing property in Monument, MN (278 units). Its last Form D, filed Mar 13, 2026, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Mar 13, 2026, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$77,266,799
Equity offered, per the Form D
Sold
100%
Form D, Mar 13, 2026; the % is our arithmetic
Investors reported
114
Form D, Mar 13, 2026
Selling commissions
$3,863,340 · 5.0% 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: Minneapolis MSA Senior Living Portfolio II. Top1031 is not a broker-dealer.

What did the Trust own?

Inland Real Estate Acquisitions announced on October 10, 2024 that it had negotiated and closed the purchase of both communities for an Inland affiliate: the 156-unit Kingsley Shores in Lakeville and the 122-unit Savage Senior Living at Fen Pointe in Savage. 2 Finance & Commerce reported the two deals as cash acquisitions totaling roughly $82.9 million — $49.5 million and $33.4 million. 3 A 55-unit active-adult component, Kingsley Place, came with Kingsley Shores. 2

Property address
16880 Klamath Trail, Monument, MN
Property size
278 units (two Class-A senior living communities)

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

The Form D filings report no property-level debt and name no lender. Finance & Commerce described Inland's 2024 purchases of the two communities as cash acquisitions. 3 Whether the Trust itself carries mortgage debt is not established in the sources on record.

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
$3,863,340 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,504,697 · 4.5% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses and costs related to acquisition that may accrue to one or more related persons.”
Broker-dealers named in the Form D
14 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 14, 2025
Minimum investment
$250,000

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 initial Form D reported a first sale date of July 14, 2025. 1 A single amendment followed, signed March 12, 2026, updating the reported sales to the full offering amount. 6 Interests were sold privately to accredited investors — those meeting SEC income or net-worth thresholds — without public advertising.

Legal Trust name
Inland ALT Senior Living DST
SEC CIK
2076568
First Form D
Jul 24, 2025
Latest Form D
Mar 13, 2026
Filings on record
2
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$77,266,799
$77,266,799+$74,678,930
114+111
EDGAR
Form D$77,266,799
$2,587,869
3
EDGAR

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 II?
Minneapolis MSA Senior Living Portfolio II is a Historical offering. The last Form D, filed Mar 13, 2026, reports the offering fully sold.
Who runs the two communities day to day?
The Waters Senior Living manages both properties, which operate under The Waters brand. The Waters reported that the rebrand of The Waters of Kingsley Shores & Place in Lakeville was complete on April 28, 2025, following ownership by Silvercrest Properties.
Is there a triple-net lease behind this Trust?
No named corporate tenant or lease appears in the record. These are operating senior living communities offering independent living, assisted living and memory care, per the sponsor, so revenue comes from resident leases rather than one credit tenant paying rent under a long-term net lease.
Was the Trust leveraged?
The public filings do not disclose property-level debt or a lender. Finance & Commerce reported that the 2024 acquisitions of Kingsley Shores and Savage Senior Living at Fen Pointe were cash purchases. Debt at the Trust level, if any, would be described in the offering documents.
Could this Trust convert into a REIT interest?
The data on record shows no 721/UPREIT exit designated — that is, no stated path to contribute the properties to a REIT's operating partnership in exchange for REIT units. Exit mechanics for a DST are governed by its trust agreement and offering documents.
Why do Inland's announcement and the SEC filings show different dollar amounts?
Inland's July 30, 2025 release described a completed raise exceeding $57 million for the portfolio. The issuer's own Form D filings report a higher total offering amount, and the figures shown on this page come from those SEC filings. The two numbers are presented as each source stated them; the record does not reconcile them.

In the news

Sources

Show sources (8)Hide sources (8)

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.