Top1031

Mariella of Lake Orion

Senior living (assisted living and memory care) property in Lake Orion, MI — sponsored by Inspired Healthcare Capital

Files with the SEC as Inspired Senior Living of Lake Orion DST

Minimum investment
$50k
Offering size
$27.5M
How much has sold
None sold yet
Asset type
Senior living (assisted living and memory care) property
Location
Lake Orion, MI
Financing
All cash. This offering reports no mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Inspired Senior Living of Lake Orion DST is a Delaware Statutory Trust — a structure letting 1031 exchangers hold fractional interests in real estate — formed in 2022 by Inspired Healthcare Capital.1 It owns Mariella of Lake Orion, an assisted living and memory care community in Michigan.5 The trust filed for Chapter 11 on February 2, 2026, and its property is now in a court-supervised sale process.4

Show sources (17)Hide sources (17)

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.

Chapter 2

What exactly is the property?

Mariella of Lake Orion sits at 985 N Lapeer Rd in Lake Orion, Michigan, and is marketed as assisted living and memory care.2 Michigan's licensing agency lists it as an active Home for the Aged under license AH630400653, licensed for 71 residents, with a special investigation report dated July 24, 2026 on file.3 A summary of the bankruptcy sale agreement identifies the trust as fee-simple owner of the real property.5

Reported location
Lake Orion, MI
Property size
80 resident capacity
Chapter 3

Who is the tenant, and what's the lease?

The trust itself does not operate the community: an affiliated master tenant, Inspired Senior Living of Lake Orion MT, LLC, leases the real property from the trust and runs the business.5 Michigan names that same entity as the licensee.3 Inspired Healthcare Capital shut its Volante Senior Living operating arm in July 2025 and moved communities to other operators.6

Chapter 4

How did it end?

What happened

In bankruptcy or distress

Debtor in Inspired Healthcare Capital's Chapter 11 bankruptcy (filed Feb 2, 2026); investor distributions suspended; outcome pending.

The IHC asset summary lists Mariella of Lake Orion, and the operator page gives 985 N Lapeer Rd, Lake Orion, MI 48362; Oasis reports 80 resident capacity. The community is marketed as assisted living and memory care and was associated with Volante Senior Living; the reviewed coverage did not state that this DST was fully subscribed, sold out, or closed, so status_signal remains none.

80 resident capacity
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

No mortgage balance, lender name or loan-to-value tied to this trust appears in the reviewed public record. The 2022 Form D did budget bridge-financing costs among the offering's estimated uses of proceeds, alongside an acquisition fee.1

Chapter 7

What does the paperwork say?

The trust filed once and never amended, so the offering figures on record are a mid-2022 snapshot rather than a current tally. The exemption used bars general advertising and limits sales to accredited investors — people meeting SEC income or net-worth tests — the sponsor already knew.1

  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.

Chapter 8

Common questions

What happened to Mariella of Lake Orion?

Top1031 lists Mariella of Lake Orion as historical. It is no longer raising money.

Where does Top1031 get the data for Mariella of Lake Orion?

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?

Nothing in the public record points to an open offering. The trust filed a single Form D on June 28, 2022 and never amended it, and on February 2, 2026 it became a Chapter 11 debtor in the Northern District of Texas, with its property placed into a court-supervised sale process. Any current status question belongs to the sponsor, the bankruptcy docket and your own counsel.

What is happening in the bankruptcy?

Epiq, the court-appointed claims agent, lists Inspired Senior Living of Lake Orion DST as Case No. 26-90139, filed February 2, 2026 under Chapter 11 and jointly administered under main Case No. 26-90004. A notice filed August 10, 2026 records an asset purchase agreement dated July 13, 2026 with SYMPO 2026, LLC, which the debtors selected on July 14, 2026 as stalking-horse bidder for substantially all assets related to Mariella of Lake Orion. Bondoro's summary of that agreement reports an all-cash aggregate stalking-horse price of $9,100,000, with $6,100,000 allocated to Mariella, and notes the transaction is subject to entry of a Sale Order. No reviewed primary record confirms a closing as of research on August 22, 2026.

Who operates the community today?

Leisure Care's community page describes Mariella of Lake Orion as managed by Volante Senior Living with support from Leisure Care through White Glove Consulting Services. Senior Housing News reported on July 18, 2025 that Inspired Healthcare Capital was winding down Volante and moving its communities to other operators. Michigan's licensing profile names Inspired Senior Living of Lake Orion MT, LLC as licensee. The reviewed sources do not confirm which operator runs the community today.

Does the trust own the building, or just a lease?

Bondoro's summary of the July 13, 2026 asset purchase agreement identifies the trust as the seller holding fee-simple title to the owned real property, with an affiliated master tenant, Inspired Senior Living of Lake Orion MT, LLC, leasing that real property from the trust and conducting operations, including holding licenses and maintaining resident relationships. That two-entity split is the standard master-lease arrangement used in senior housing DSTs.

What does the Michigan license record show?

Michigan's Department of Licensing and Regulatory Affairs lists Mariella of Lake Orion under license AH630400653 as a regular, active Homes for the Aged facility with capacity 71, on a license effective August 1, 2026 through July 31, 2027. The profile also lists special investigation reports dated July 24, 2026 and November 11, 2025 and carries a general notice that the presence of such reports means there were substantiated rule violations. The profile reviewed does not set out the specific findings.

What was the minimum investment?

The June 28, 2022 Form D reported a $50,000 minimum investment and estimated sales commissions of $2,477,658 with no finders' fees. Those terms describe the 2022 offering as filed; they are not evidence that interests are available now.

Chapter 9

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