Inspired Senior Living of St. Petersburg
Senior living property in Saint Petersburg, FL — sponsored by Inspired Healthcare Capital
Files with the SEC as Inspired Senior Living of St. Petersburg DST
Minimum investment
$25k
Offering size
$22.7M
How much has sold
None sold yet
Asset type
Senior living property
Location
Saint Petersburg, FL
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 St. Petersburg DST is a Delaware statutory trust — a structure whose beneficial interests can be acquired in a 1031 exchange — sponsored by Inspired Healthcare Capital. It holds a St. Petersburg, Florida memory care and assisted living community bought for $29 million in June 2023.2 The Trust is now a debtor in Chapter 11 proceedings filed February 2, 2026, and investor distributions are suspended.4
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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?
Built in 1971, the four-story community at 3600 34th St. S. long operated as Grand Villa of St. Petersburg. VS St. Pete LLC sold it to the Trust for $29 million in a deal that closed June 9, 2023.2 The building offers assisted living and memory care and is presented today as Salterra at St. Petersburg, formerly Volante of St. Petersburg.3
- Reported location
- Saint Petersburg, FL
- Property size
- 192 units / 120,784 sq ft
Who is the tenant, and what's the lease?
The filings and reporting available for this record do not identify a master tenant or state lease terms for the Trust. The community itself is operated as Salterra at St. Petersburg and is described as managed by Leisure Care.3
How did it end?
No sale or other ending on record
Epiq 11 lists Inspired Senior Living of St. Petersburg DST as a Chapter 11 debtor that filed on 2026-02-02 and shows an August 18, 2026 sale hearing still scheduled, so as of 2026-08-16 the trust is distressed and no completed full-cycle sale is established (Epiq 11 case page and docket).
formerly Grand Villa of St. Petersburg · 192-unit, 120,784-square-foot, four-story memory care and assisted living community at 3600 34th St. S. in St. Petersburg, FL; originally built in 1971; acquired by Inspired Senior Living of St. Petersburg DST for $29 million with closing on June 9, 2023; sponsor (Inspired Healthcare Capital) and ~160 affiliates filed Chapter 11 in February 2026; investor distributions suspended.
192 units / 120,784 sq ftSupporting evidence
How is it financed, and what does it pay?
The purchase was partly debt-financed: the buyer took an approximately $7.1 million mortgage loan from Webster Bank, National Association.2 No further debt terms appear in the single Form D on record.
Who's behind it?
Inspired Healthcare Capital is a Scottsdale, Arizona sponsor of senior-housing offerings; CEO Luke Lee signed this Trust's Form D.1 On February 2, 2026 the firm announced a restructuring and Chapter 11 filings covering roughly 160 affiliated entities, and investor distributions were suspended.5 Court materials list Inspired Senior Living of St. Petersburg DST itself among the debtors in the jointly administered case.4 Investor-rights law firms announced investigations days later.
- Sponsor
- Inspired Healthcare Capital
- Legal Trust name
- Inspired Senior Living of St. Petersburg 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?
One Form D is on record, filed under Rule 506(b) — a private placement offered to accredited investors without general advertising — and no amendment has followed it. The filing named Emerson Equity LLC as the recipient of selling compensation.1
- 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 St. Petersburg?
Top1031 lists Inspired Senior Living of St. Petersburg as historical. It is no longer raising money.
Where does Top1031 get the data for Inspired Senior Living of St. Petersburg?
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 happened to this Trust?
Inspired Healthcare Capital announced a strategic restructuring and Chapter 11 filings on February 2, 2026 covering roughly 160 affiliated entities, and investor distributions were suspended. Chapter 11 case materials list Inspired Senior Living of St. Petersburg DST itself as a debtor in the jointly administered proceedings.
Can I still invest in this Trust?
No. It is closed to new investors. Its only SEC filing is a Form D dated February 10, 2023, and the Trust is now a debtor in Chapter 11 proceedings filed February 2, 2026.
What is the property, and who runs it now?
It is a four-story memory care and assisted living community at 3600 34th St. S. in St. Petersburg, Florida, originally built in 1971 and long known as Grand Villa of St. Petersburg. The property is presented today as Salterra at St. Petersburg, formerly Volante of St. Petersburg, and described as managed by Leisure Care.
Is there a master lease and a named tenant?
No master lease or tenant legal name was established in the public record reviewed for this profile. The single Form D on file does not disclose lease terms, and no PPM or subsequent SEC filing is available on EDGAR for this Trust.
What debt is on the property?
Reporting on the June 2023 closing describes an approximately $7.1 million mortgage loan from Webster Bank, National Association taken by the buyer. No other debt terms — rate, maturity, or loan-to-value — appear in the Trust's single SEC filing.
What does Rule 506(b) mean here?
Rule 506(b) is the private-placement exemption that lets an issuer sell without registering with the SEC and without general advertising or public solicitation, generally to accredited investors it already has a relationship with. It is how this Trust reported offering its beneficial interests.
Chapter 9Inspired Senior Living of St. Petersburg DST InvestigationInvestor-rights law firm investigating the Inspired Senior Living of St. Petersburg DST following suspension of investor distributions and the Chapter 11 bankruptcy filings of Inspired Healthcare Capital. Inspired Healthcare Capital Bankruptcy: Recovery Options for DST InvestorsLaw firm notes the Inspired Senior Living of St. Petersburg DST as one of multiple DST offerings affected by the bankruptcy of Inspired Healthcare Capital and its affiliates. St. Pete assisted living complex sells for $29MThe 120,784-square-foot Grand Villa of St. Petersburg, a four-story memory care and assisted living community at 3600 34th St. S., was sold for $29 million by VS St. Pete LLC to Inspired Senior Living of St. Petersburg DST, an entity connected to Arizona-based Inspired Healthcare Capital.