Top1031

Mariella of Lake Orion

Senior living property in Lake Orion, MI · sponsored by Inspired Healthcare Capital

HistoricalIn bankruptcy or distress · last Form D Jun 28, 2022dm.epiq11.com (opens in a new tab)

Mariella of Lake Orion was a DST sponsored by Inspired Healthcare Capital that owned a senior living property in Lake Orion, MI. 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
$50,000
From the Form D
Offering size
$27,529,530
Equity offered, per the Form D
Sold
Not reported after the first Form D (Jun 28, 2022)
Form D, Jun 28, 2022
Selling commissions
$2,477,658 · 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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Mariella of Lake Orion image

Mariella of Lake Orion · Lake Orion, MI · Photo: leisurecare.com

What did Mariella of Lake Orion own?

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

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

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

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
$2,477,658 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,641,072 · 5.9% of offering
Form D Item 16
· The filing’s note: “Sponsor receives $275,295 of offering proceeds for marketing, organizational and offering expenses + an acquisition fee of $761,250 + estimated bridge financing cost of $604,527”
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
$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.

What does the SEC record show?

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

Legal Trust name
Inspired Senior Living of Lake Orion DST
SEC CIK
1935588
First Form D
Jun 28, 2022
Latest Form D
Jun 28, 2022
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$27,529,530
$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 Mariella of Lake Orion?
Mariella of Lake Orion is a Historical offering. In bankruptcy or distress.
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.

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.