Top1031

Inspired Senior Living of Mequon

Senior living property in Mequon, WI · sponsored by Inspired Healthcare Capital

HistoricalIn bankruptcy or distress · last Form D Feb 10, 2023dm.epiq11.com (opens in a new tab)

Inspired Senior Living of Mequon was a DST sponsored by Inspired Healthcare Capital that owned a senior living property in Mequon, WI (145 units). In bankruptcy or distress.

How it ended

Lost or impaired investor capital

In bankruptcy or distress.

Source: cited report (opens in a new tab)

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$30,237,543
Equity offered, per the Form D
Sold
Not reported after the first Form D (Feb 10, 2023)
Form D, Feb 10, 2023
Selling commissions
$2,721,379 · 9.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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 Mequon. Top1031 is not a broker-dealer.

What did the Trust own?

Marquee Capital sold the campus — a 19-acre Mequon site with independent living, assisted living and memory care apartments, once known as Ovation Sarah Chudnow and later Terova Senior Living — to Inspired Healthcare Capital on May 17, 2023. 2 Trade coverage of that sale described a community built in 2005 and counted 101 units, a figure that conflicts with the count shown here. 3 The community operates today as Teal Shores on N Market Street. 4

Reported location
Mequon, WI
Property size
145 units

How was it financed, and what did it cost to sell?

No lender, loan balance, or mortgage terms for this Trust appear anywhere in the public record located for it. The sole Form D disclosed an estimated bridge-financing cost of $737,474 — the kind of short-term carry expense a sponsor incurs between buying a property and closing investor equity. 1

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
$2,721,379 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,131,037 · 7.0% of offering
Form D Item 16
· The filing’s note: “Sponsor receives $453,563 of offering proceeds for marketing, organizational and offering expenses + an acquisition fee of $940,000 + estimated bridge financing cost of $737,474”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$25,000

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.

What does the SEC record show?

One Form D, never amended, is the entire SEC record for this Trust, so the figures it reported were frozen on the day the offering opened. Investor-rights firm White Law Group reported on February 6, 2026 that the Trust had raised roughly $30.2 million and that distributions were suspended. 8

Legal Trust name
Inspired Senior Living of Mequon DST
SEC CIK
1964572
First Form D
Feb 10, 2023
Latest Form D
Feb 10, 2023
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$30,237,543
$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 Mequon?
Inspired Senior Living of Mequon is a Historical offering. In bankruptcy or distress.
What does the sponsor's bankruptcy mean for this Trust?
Official Epiq case materials identify Inspired Senior Living of Mequon DST as one of the Chapter 11 debtors, not merely an affiliate of the filing sponsor. On August 10, 2026 the docket recorded a notice of a fully compiled asset purchase agreement with a stalking-horse bidder covering the Mequon property and an Appleton property. That is a notice, not a completed sale; no bidder name or price appears in the visible record.
Why do sources disagree on how many units the property has?
The property record used here reports 145 units, while trade coverage of the May 2023 sale reported 101 units for the same Mequon community. Nothing in the available public record resolves the discrepancy, and the sole Form D does not describe the property at all.
What has this property been called over the years?
It was originally Ovation Sarah Chudnow, then Terova Senior Living of Mequon under Marquee Capital ownership, then Inspired Senior Living of Mequon after the May 17, 2023 sale. It is currently presented as Teal Shores, operated by Capri Communities.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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.