Inspired Senior Living of Appleton DST
Senior living property · sponsored by Inspired Healthcare Capital
Inspired Senior Living of Appleton DST was a DST sponsored by Inspired Healthcare Capital that owned a senior living property. Its last Form D was filed May 18, 2022.
How it ended
Lost or impaired investor capital
Last Form D filed May 18, 2022.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $31,064,288Equity offered, per the Form D
- Sold
- 10.6%Form D, May 18, 2022; the % is our arithmetic
- Investors reported
- Form D, May 18, 202211
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,795,786 · 9.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 →
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Ask a 1031 specialist about this recordFree. About: Inspired Senior Living of Appleton DST. Top1031 is not a broker-dealer.What did the Trust own?
No reviewed public source identifies the property behind this Trust. The name points to Appleton and the sponsor's business is senior living communities, but no SEC filing, sponsor page, or news report reviewed ties a specific community, address, unit count, or purchase to this entity. Later coverage of suspended distributions and the sponsor's bankruptcy names the Trust without describing what it owns.
How was it financed, and what did it cost to sell?
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
- $2,795,786 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,816,902 · 5.8% of offeringForm D Item 16· The filing’s note: “Sponsor receives $310,643 of offering proceeds for marketing, organizational and offering expenses + an acquisition fee of $840,000 + estimated bridge financing cost of $666,259”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 9, 2022
- Minimum investment
- $50,000
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?
Inspired Healthcare Capital is a Scottsdale, Arizona–based senior housing sponsor. 1 In July 2025 it suspended all investment offerings and investor distributions during an SEC review and wound down its Volante Senior Living operating affiliate, moving management of communities to third-party operators. On February 2, 2026 it and more than 160 affiliates filed Chapter 11, reporting estimated liabilities of $1 billion to $10 billion. A court-supervised asset auction was later pushed to July 29, 2026, and a DST Investor Committee was constituted.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust's SEC record consists of the Form D notice — the federal filing a private placement submits after its first sale — reporting a first sale on May 9, 2022. 1 Rule 506(b) permits sales to accredited investors, those meeting SEC income or net-worth tests, without public advertising. No later amendment updated the 2022 figures.
- Legal Trust name
- Inspired Senior Living of Appleton DST
- SEC CIK
- 1929780
- First Form D
- May 18, 2022
- Latest Form D
- May 18, 2022
- Filings on record
- 1
- 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 | $31,064,288 | $3,310,788 | 11 | 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 Inspired Senior Living of Appleton DST?
- Inspired Senior Living of Appleton DST is a Historical offering. Last Form D filed May 18, 2022.
- What property does this Trust own?
- No reviewed public record establishes it. The Trust's name references Appleton and its sponsor, Inspired Healthcare Capital, operates in senior living, but no SEC filing, sponsor disclosure, or news report reviewed identifies a specific community, address, unit count, or acquisition tied to this entity. Investors would need the offering documents and their own subscription documents to confirm the underlying asset.
- Is this Trust in bankruptcy?
- Yes. Court records posted by claims agent Epiq list Inspired Senior Living of Appleton DST as case 26-90060, with a Chapter 11 petition filed February 2, 2026, jointly administered for procedural purposes with the other Inspired Healthcare Capital debtor cases. Joint administration coordinates the cases procedurally; it is not the same as combining the debtors' assets.
- Why did distributions stop?
- Inspired Healthcare Capital suspended all investment offerings and investor distributions in July 2025 during an SEC review, according to AltsWire's July 22, 2025 report. A July 24, 2025 investor-law notice from Goodman & Nekvasil named this Trust among the affected offerings and reported that distributions remained suspended with no resumption date given. The sponsor filed for Chapter 11 the following February.
- Can this offering still be subscribed?
- The SEC record has not been updated since the 2022 Form D, so the filings alone show the offering as it stood then. Publicly reported events since — the July 2025 suspension of all sponsor offerings and the February 2, 2026 Chapter 11 filing — indicate the offering is not being marketed. Anyone mid-exchange should confirm status directly with the sponsor or the bankruptcy docket.
In the news
Sources
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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.