Top1031

Salterra at Dunedin

Senior living (assisted living and memory care) property in Dunedin, FL — sponsored by Inspired Healthcare Capital

Files with the SEC as Inspired Senior Living of Dunedin DST

Minimum investment
$50k
Offering size
$18.6M
How much has sold
None sold yet
Asset type
Senior living (assisted living and memory care) property
Location
Dunedin, 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.

Chapter 1

What is this, in one paragraph?

Inspired Senior Living of Dunedin DST is a Delaware statutory trust — a structure that lets 1031 exchangers own fractional real estate — sponsored by Inspired Healthcare Capital to hold Salterra at Dunedin, an assisted living and memory care community in Dunedin, Florida. It is no longer raising. The sponsor and this Trust entered Chapter 11 on February 2, 2026.3

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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.

Chapter 2

What exactly is the property?

The community at 880 Patricia Avenue changed hands in September 2022, when the 70,500-square-foot building then known as Grand Villa of Dunedin sold for $26.5 million to Arizona-based Inspired Healthcare Capital.4 Florida licensing records map the legal trust and the DBA Salterra Senior Living at Dunedin to that address.2 Leisure Care said on July 7, 2025 that Volante of Dunedin had become Salterra at Dunedin under its management.5

Reported location
Dunedin, FL
Property size
140 licensed beds
Chapter 3

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

No public filing names a master tenant or states lease terms for this Trust; the lone Form D is the entire SEC record. Leisure Care has announced that it manages the community as Salterra at Dunedin.5

Chapter 4

How did it end?

What happened

No sale or other ending on record

Epiq's case information lists Inspired Senior Living of Dunedin DST as case 26-90129 within IHC's Chapter 11 proceedings filed February 2, 2026, while the August 10 docket notice and Bondoro APA summary place its property in a proposed six-community stalking-horse sale at $17,800,000 with an August 18 sale hearing, supporting distressed rather than a completed full-cycle sale (sources: Epiq bankruptcy docket and Bondoro APA summary).

Florida licensing records tie the legal trust to the Salterra at Dunedin facility, which is marketed for assisted living and memory care and has 140 licensed beds; a 2022 property report described a $26.5 million sale to Inspired Healthcare Capital, while later investor-alert pages reported bankruptcy and distribution issues.

140 licensed beds
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

The Form D discloses no debt terms for the Trust itself. A 2022 report on the address said Inspired Healthcare Capital took an approximately $15.71 million Lakeland Bank mortgage at closing, but it does not identify the Trust as the borrower.4

Chapter 7

What does the paperwork say?

A single Form D, never amended, is the whole SEC record for this Trust. It was offered under Rule 506(b), the private-placement rule that permits sales to accredited investors without general advertising or public solicitation.

  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 Salterra at Dunedin?

Top1031 lists Salterra at Dunedin as historical. It is no longer raising money.

Where does Top1031 get the data for Salterra at Dunedin?

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 Inspired Senior Living of Dunedin DST?

No. The Trust is closed to new investors. Its only SEC filing is a Form D from August 3, 2022, with no amendments since, and the Trust is now listed among the related debtors in the Inspired Healthcare Capital Chapter 11 cases filed February 2, 2026 in the Northern District of Texas.[3]

What property does the Trust hold?

Salterra at Dunedin, an assisted living and memory care community at 880 Patricia Avenue in Dunedin, Florida.[2] Florida's health care facility record for that address identifies Inspired Senior Living of Dunedin MT, LLC as owner/licensee.[7] The building was previously known as Grand Villa of Dunedin and later Volante of Dunedin.[5]

What is happening in the bankruptcy?

Inspired Healthcare Capital and affiliates filed Chapter 11 petitions on February 2, 2026, and official case information lists Inspired Senior Living of Dunedin DST among the related debtors.[3] A corrected amended notice dated August 4, 2026 puts Salterra Senior Living at Dunedin in a court sale process, names Inspired Florida Acquisitions LLC as a bidder, sets an auction to begin August 25, 2026, and schedules a sale hearing for September 15, 2026. That notice does not establish approval or closing.[6]

Who runs the community today?

Leisure Care announced on July 7, 2025 that Volante of Dunedin had been renamed Salterra at Dunedin and is managed by Leisure Care.[5] No public document reviewed names a master tenant for the DST or discloses lease terms.

What was the minimum investment?

The August 3, 2022 Form D reported a $50,000 minimum investment for outside investors.[1] The offering was made under Rule 506(b), meaning interests could be sold privately to accredited investors — broadly, those meeting SEC income or net-worth thresholds — without general advertising.

Has an outcome been reported for investors?

No completed outcome has been reported. Two investor-law publishers, Rights for Investors on July 25, 2025 and KlaymanToskes on February 3, 2026, said they were investigating the Dunedin DST and described suspended distributions and bankruptcy-related developments. The court sale process remains pending as of August 24, 2026.[6]

Chapter 9

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