Dancing River Assisted Living & Memory Care
Senior living property in Grapevine, TX — sponsored by Inspired Healthcare Capital
Files with the SEC as Inspired Senior Living of Grapevine DST
Minimum investment
$50k
Offering size
$16.9M
How much has sold
None sold yet
Asset type
Senior living property
Location
Grapevine, TX
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Inspired Senior Living of Grapevine DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional title to real estate — sponsored by Inspired Healthcare Capital around an assisted living and memory care community in Grapevine, Texas. Its Form D, the SEC notice for a private placement, was filed October 20, 2022. The trust entered Chapter 11 bankruptcy on February 2, 2026.1
Show sources (8)Hide sources (8)
These links support the historical public record; 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?
Same-address reporting describes Dancing River, an assisted living and memory care community built in 2010 that Inspired Healthcare Capital bought for $25 million on January 3, 2023.2 That reporting said occupancy fell to 70% during the pandemic and had returned to 93% during the marketing period.2 The community was rebranded Volante of Grapevine by September 26, 2024.3 A Leisure Care page now lists the address as Mariella of Grapevine.4
- Property address
- 3735 Ira E. Woods Ave, Grapevine, TX
- Property size
- 84 units (assisted living + memory care)
Who is the tenant, and what's the lease?
A Form D names no tenant. In senior-housing trusts of this kind the trust leases the building to an affiliated master tenant that carries the operations; the Grapevine master-tenant entity filed Chapter 11 alongside the trust on February 2, 2026.1 Leisure Care lists Volante Senior Living as the manager.4
How did it end?
In bankruptcy or distress
Debtor in Inspired Healthcare Capital's Chapter 11 bankruptcy (filed Feb 2, 2026); investor distributions suspended; outcome pending.
Originally Dancing River senior living community, a 84-unit assisted living/memory care property acquired by Inspired Healthcare Capital in January 2023 for $25M. Sponsor Inspired Healthcare Capital filed Chapter 11 bankruptcy in February 2026.
84 units (assisted living + memory care)Supporting evidence
How is it financed, and what does it pay?
No lender, loan amount, or leverage terms appear in the trust's SEC record, and no property-level debt figure was located in public sources. The asset and liability ranges on the bankruptcy docket are case-level estimates, not the property's mortgage balance.5
Who's behind it?
Inspired Healthcare Capital sponsored a series of senior-housing Delaware statutory trusts, this one among them. Its holding company, this trust, and the Grapevine master tenant filed Chapter 11 petitions on February 2, 2026 in the Northern District of Texas, jointly administered under the holding company's lead case.1 AltsWire reported on August 24, 2026 that Sonida Acquisition bid $18.125 million for the Grapevine community, with an auction and a September 15 sale hearing scheduled, and that lenders and a DST agent objected over how proceeds would be split.6
- Sponsor
- Inspired Healthcare Capital
- Legal Trust name
- Inspired Senior Living of Grapevine DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 21 total offerings from Inspired Healthcare Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The trust's SEC file consists of its original Form D — the short notice a sponsor files for a private placement sold without registration — with no later amendment on record. The offering was made under Rule 506(b), which bars general advertising and limits sales to accredited investors the sponsor already has a relationship with.
- 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
What happened to Dancing River Assisted Living & Memory Care?
Top1031 lists Dancing River Assisted Living & Memory Care as historical. It is no longer raising money.
Where does Top1031 get the data for Dancing River Assisted Living & Memory Care?
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.
Can I still place 1031 exchange proceeds into this Trust?
No. The only SEC filing for Inspired Senior Living of Grapevine DST dates from October 20, 2022, and the trust itself filed a Chapter 11 petition on February 2, 2026 in the Northern District of Texas, jointly administered with the case of its sponsor's holding company.[1] Its Grapevine property is in a court-supervised sale process, not a new-investor offering.[6]
What property is behind this Trust?
The trust is tied to an 84-unit assisted living and memory care community at 3735 Ira E. Woods Ave. in Grapevine, Texas. Reporting at that address describes Dancing River, built in 2010 and bought by Inspired Healthcare Capital for $25 million on January 3, 2023.[2] The site was rebranded Volante of Grapevine by September 26, 2024 and is now listed as Mariella of Grapevine.[3] No primary SEC document reviewed here spells out the trust's property by name, so the property identification rests on same-address reporting.
Has the property been sold?
No closing has been established in public sources as of August 26, 2026. AltsWire reported on August 24, 2026 that Sonida Acquisition bid $18.125 million for the Grapevine community, with an auction scheduled for August 25 and a sale hearing scheduled for September 15, and that six lenders and a DST agent objected because the contracts did not allocate proceeds between the DST that owns the real estate and the master tenant.[6]
How much debt is on the property?
That is not established. The bankruptcy docket for the Grapevine DST reports estimated assets and liabilities each in a range of roughly $1 billion to $10 billion and 10,001 to 25,000 creditors, which are case-reported ranges tied to the jointly administered proceeding rather than a property-level mortgage figure.[5] No verified property-level loan amount, lender, or leverage disclosure was found.
How was this offering sold, and to whom?
Under Rule 506(b) of Regulation D, meaning the sponsor could not advertise the offering publicly and could sell only to accredited investors — broadly, individuals meeting SEC income or net-worth tests — typically ones it already knew. Investors in a Rule 506(b) deal receive a private placement memorandum (PPM) describing the property, the lease, and the risks.
Does this Trust have a 721/UPREIT exit?
No. The record shows no provision for converting investors' interests into operating-partnership units of a REIT — the so-called 721 or UPREIT exit. The trust's path is now set by the Chapter 11 process that began February 2, 2026.[1]
Chapter 9Inspired Senior Living of Grapevine DSTInvestor-loss law firm article about Grapevine DST Chapter 11 bankruptcy filing on Feb 2, 2026 (Case No. 26-90002). Inspired Health Care Acquires Grapevine Senior Care Facility for $25MInspired Healthcare Capital acquired Dancing River, an 84-unit assisted living and memory care community in Grapevine, TX, for $25M.