Inspired Senior Living of Appleton DST
Senior living property — sponsored by Inspired Healthcare Capital
Minimum investment
$50k
Offering size
$31.1M
How much has sold
11.0%
Asset type
Senior living property
Location
Not stated
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 Appleton DST is a Delaware statutory trust — the fractional-ownership structure 1031 exchangers use to defer tax — sponsored by Inspired Healthcare Capital and offered to accredited investors under Rule 506(b) beginning in May 2022, with a $31,064,288 total offering amount.1 No reviewed public source identifies its property. The Trust is itself a Chapter 11 debtor, case 26-90060, filed February 2, 2026.2
Show sources (6)Hide sources (6)
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?
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 did it end?
No sale or other ending on record
As of 2026-08-03, Epiq lists Inspired Senior Living of Appleton DST (case 26-90060) among the Chapter 11 debtors and shows the auction and sale hearing still scheduled for 2026-08-07 and 2026-08-18 with no completed sale or sale order listed; Inspired Healthcare's 2026-02-02 PR Newswire release says its communities remain fully operational throughout the process [Epiq case docket Epiq case-info PR Newswire release]; PacerMonitor confirms 9:26-bk-90060 filing 02/02/2026 in N.D. Texas [PacerMonitor].
No reviewed public source explicitly links an Appleton property or address to this DST; later sponsor and investor coverage reports suspended distributions and Chapter 11-related concerns but does not establish the underlying property's identity, size, or address.
Supporting evidence
Who's behind it?
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
- Inspired Healthcare Capital
- Legal Trust name
- Inspired Senior Living of Appleton 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 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.
- 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 Inspired Senior Living of Appleton DST?
Top1031 lists Inspired Senior Living of Appleton DST as historical. It is no longer raising money.
Where does Top1031 get the data for Inspired Senior Living of Appleton 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?
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 private placement memorandum (PPM) 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.
Has the underlying asset been sold in the bankruptcy?
Not established. The Epiq case overview records debtor-group sale milestones of a June 19, 2026 bid deadline, a June 24, 2026 auction, and a June 30, 2026 sale hearing, and AltsWire reported on June 11, 2026 that the auction had been pushed to July 29. Those documents are group-wide and do not individually name the Appleton Trust or confirm a completed sale of its asset.
What does Rule 506(b) mean here?
506(b) is the private-placement exemption that lets an issuer sell securities without SEC registration, to accredited investors, and without general solicitation or advertising. In practice that means the Trust could only be introduced through existing relationships — typically a broker-dealer or registered representative — rather than marketed publicly, and disclosure came through a PPM rather than a public prospectus.
Chapter 7Inspired Senior Living of Appleton DST: Investor Loss InvestigationKlaymanToskes announced an investigation of investor losses related to Inspired Senior Living of Appleton DST. Inspired Senior Living of Appleton DST Investigation | Inspired Healthcare Capital Suspends DistributionsThe investor-rights page discusses Inspired Healthcare Capital distribution suspensions, bankruptcy concerns, operating weakness, and possible claims involving Inspired Senior Living of Appleton DST investors.