Inspired Senior Living of Augusta DST
Senior living property in Martinez, GA — sponsored by Inspired Healthcare Capital
Minimum investment
$50k
Offering size
$20.9M
How much has sold
None sold yet
Asset type
Senior living property
Location
Martinez, GA
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 Augusta DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can be used in a 1031 exchange — formed by Inspired Healthcare Capital to hold Thrive at Augusta, an 85-unit assisted living and memory care community in Martinez, Georgia.2 It filed one Form D in 2022 and is now itself a Chapter 11 debtor, case 9:26-bk-90088, filed February 2, 2026.6
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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?
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
Who is the tenant, and what's the lease?
The Form D discloses no tenant or lease terms, and no primary lease document was located. A secondary summary of the 2026 bankruptcy asset purchase agreement reports master lease and management agreements with Senior Housing Management Group, LLC, which the underlying court attachment does not independently confirm.5
How did it end?
No ending on record
Inspired Senior Living of Augusta DST filed for Chapter 11 bankruptcy on February 2, 2026 (Case No. 26-90033, Northern District of Texas) as part of Inspired Healthcare Capital's broader insolvency; investor distributions were suspended in July 2025 amid an SEC investigation.
Form D filed September 7, 2022 to acquire an Augusta-area senior living community held by the Inspired Healthcare Capital portfolio. Inspired Healthcare Capital filed for Chapter 11 bankruptcy on February 2, 2026 (case 26-90004 and affiliates, N.D. Tex.) along with 160+ affiliates including Inspired Senior Living of Augusta DST, MT, LLC and ST, LLC; estimated liabilities $1–$10 billion. Sponsor had suspended all investment offerings in July 2025 amid an SEC review. The specific street address of the underlying Augusta property is not disclosed in any publicly visited source.
Supporting evidence
How is it financed, and what does it pay?
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
Who's behind it?
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
- Inspired Healthcare Capital
- Legal Trust name
- Inspired Senior Living of Augusta 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?
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.
- 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 Augusta DST?
Top1031 lists Inspired Senior Living of Augusta DST as historical. It is no longer raising money.
Where does Top1031 get the data for Inspired Senior Living of Augusta 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.
Can I still invest in this Trust?
No. AltsWire reported on July 22, 2025 that Inspired Healthcare Capital had suspended all of its investment offerings and investor distributions while under SEC review, and the Trust itself became a Chapter 11 debtor on February 2, 2026 in the Northern District of Texas, case 9:26-bk-90088. Nothing in the SEC record shows the offering being revived.
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.
What did the Form D say about fees?
The September 7, 2022 Form D reported estimated sales commissions of $1,724,753, an acquisition fee of $1,228,000, and estimated bridge-financing costs of $393,280, with stated uses of proceeds including organizational and offering costs, marketing, the acquisition fee, and bridge-financing expense.
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.
Chapter 9Inspired Senior Living of Augusta DST Bankruptcy: Help for InvestorsSecurities-law firm overview of investor-loss recovery options tied to the Inspired Senior Living of Augusta DST bankruptcy filing. Inspired Healthcare Capital Files for Chapter 11 With Liabilities in the BillionsAltsWire reported that Inspired Healthcare Capital Holdings and 160+ affiliates, including the Inspired Senior Living of Augusta DST, filed for Chapter 11 on Feb 2, 2026 with $1–$10B in estimated liabilities. Inspired Senior Living of Augusta DST Bankruptcy (9:26-bk-90088)Court-records docket entry confirming the bankruptcy filing of the Inspired Senior Living of Augusta DST in the N.D. Tex. Bankruptcy Court.