Inspired Senior Living of Augusta DST
Senior living property in Martinez, GA · sponsored by Inspired Healthcare Capital
Inspired Senior Living of Augusta DST was a DST sponsored by Inspired Healthcare Capital that owned a senior living property in Martinez, GA. Its last Form D was filed Sep 7, 2022.
How it ended
Lost or impaired investor capital
Last Form D filed Sep 7, 2022.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $20,906,104Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Sep 7, 2022)Form D, Sep 7, 2022
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,724,753 · 8.2% 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 →
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Ask a 1031 specialist about this recordFree. About: Inspired Senior Living of Augusta DST. Top1031 is not a broker-dealer.What did the Trust own?
The building is Thrive at Augusta, an 85-unit assisted living and memory care community at 313 Furys Ferry Road in Martinez, Georgia, immediately outside Augusta. 3 Drake Real Estate Partners sold it to Inspired Healthcare Capital on December 1, 2022, in a transaction Senior Housing Business reported as fully occupied at closing, with Thrive Senior Living continuing as manager. 2 The Form D itself names no property or street address.
- Reported location
- Martinez, GA
How was it financed, and what did it cost to sell?
Trust-level leverage is not stated in the Form D, so how the Trust itself was to be capitalized is not on the public record. At the December 2022 purchase, CBRE arranged $16.8 million of acquisition financing for Inspired Healthcare Capital. 2
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,724,753 · 8.2% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,290,275 · 10.9% of offeringForm D Item 16· The filing’s note: “Sponsor receives $355,404 of offering proceeds for organizational and offering expenses + $313,592 of offering proceeds for marketing expenses, and an acquisition fee of $1,228,000 + estimated bridge financing cost of $393,280”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- American Alternative Capital, LLC · CRD 309956
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- 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 senior-housing sponsor; its Form D for this Trust named Luke Lee as chief executive officer. 1 On July 22, 2025, AltsWire reported the firm had suspended all investment offerings and investor distributions and shut down its operating arm, Volante Senior Living, while under SEC review. 4 On February 2, 2026, the sponsor and more than 160 affiliates — this Trust among them — filed Chapter 11 in the Northern District of Texas, the Trust's own case being 9:26-bk-90088. 6
- Sponsor
- Offerings on record
What does the SEC record show?
Nothing in the SEC record amends the original Form D, so its terms were never updated on file. The exemption claimed bars general advertising and limits purchasers to accredited investors — those meeting SEC income or net-worth thresholds — with whom the sponsor had a pre-existing relationship.
- Legal Trust name
- Inspired Senior Living of Augusta DST
- SEC CIK
- 1944922
- First Form D
- Sep 7, 2022
- Latest Form D
- Sep 7, 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $20,906,104 | $0 | 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 Augusta DST?
- Inspired Senior Living of Augusta DST is a Historical offering. Last Form D filed Sep 7, 2022.
- What property sits behind this Trust?
- Thrive at Augusta, an 85-unit assisted living and memory care community at 313 Furys Ferry Road in Martinez, Georgia, on the edge of Augusta. Drake Real Estate Partners sold the community to Inspired Healthcare Capital on December 1, 2022, according to Senior Housing Business, which reported Thrive Senior Living remained the manager. The Form D names no property or address, so the match rests on the 2026 bankruptcy docket naming this Trust as a seller of Thrive at Augusta.
- What is happening to the property in the bankruptcy?
- On August 10, 2026, docket entry 1309 in the Inspired Healthcare Capital Chapter 11 case attached a fully compiled stalking-horse asset purchase agreement covering Mariella of Reno, Thrive at Augusta, and Augusta Vacant Land, naming AREP HC Fund III Investments, LLC as the stalking-horse buyer and Inspired Senior Living of Augusta DST as a seller. That is a proposed transaction. No order approving it or record of a closing had been located as of August 25, 2026.
- Has any outcome been reported for investors in this Trust?
- No outcome has been reported. There is no sponsor-published sale, refinancing, or return-of-capital record for this Trust. Its future now runs through the Chapter 11 case rather than a sponsor-managed disposition, and the proposed sale of the Augusta property was still pending as of August 25, 2026.
- Was this Trust set up for a 721/UPREIT exit?
- No. A 721 or UPREIT exit is where a DST's property is contributed to a real estate investment trust in exchange for operating-partnership units instead of being sold for cash. Nothing in this Trust's filing indicates that path; the record shows no REIT conversion feature.
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.