Top1031

Salterra at Fort Myers

Senior living property in North Fort Myers, FL · sponsored by Inspired Healthcare Capital

HistoricalIn bankruptcy or distress · last Form D Aug 18, 2022dm.epiq11.com (opens in a new tab)

Salterra at Fort Myers was a DST sponsored by Inspired Healthcare Capital that owned a senior living property in North Fort Myers, FL. 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
$17,215,326
Equity offered, per the Form D
Sold
Not reported after the first Form D (Aug 18, 2022)
Form D, Aug 18, 2022
Selling commissions
$1,420,264 · 8.2% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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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Salterra at Fort Myers image

Salterra at Fort Myers · North Fort Myers, FL · Photo: leisurecare.com

What did Salterra at Fort Myers own?

The Trust's property is Salterra Senior Living at Fort Myers, an assisted living and memory care community at 3501 Hancock Bridge Parkway in North Fort Myers, Lee County, Florida. 2 State licensing records name the Trust as owner/licensee and list 145 licensed beds under license 12800, effective December 6, 2024 through December 5, 2026. 2 Leisure Care states the community was formerly Volante of Fort Myers. 3 The same state profile also displays a Facility Closed indicator. 2

Reported location
North Fort Myers, FL

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

No mortgage, lender, or loan amount is disclosed in the single filing on record, so the Trust's leverage is unknown. The Form D did estimate a bridge-financing cost of $329,802 and an acquisition fee of $948,000 among its offering expenses. 1

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$1,420,264 · 8.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,794,262 · 10.4% of offering
Form D Item 16
· The filing’s note: “Sponsor receives $258,230 of offering proceeds for organizational and offering expenses + $258,230 of offering proceeds for marketing expenses, and an acquisition fee of $948,000 + estimated bridge financing cost of $329,802”
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?

One Form D was filed and never amended, so the SEC record for this Trust is a single 2022 snapshot with no later update on the raise. It was offered under Rule 506(b), a private placement sold without general advertising, generally to accredited investors who meet income or net-worth tests. 1

Legal Trust name
Inspired Senior Living of Fort Myers DST
SEC CIK
1940862
First Form D
Aug 18, 2022
Latest Form D
Aug 18, 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$17,215,326
$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 Salterra at Fort Myers?
Salterra at Fort Myers is a Historical offering. In bankruptcy or distress.
What property does the Trust own?
Salterra Senior Living at Fort Myers, an assisted living and memory care community at 3501 Hancock Bridge Parkway, North Fort Myers, Florida 33903, in Lee County. Florida licensing records list the Trust as owner/licensee, with 145 licensed beds and total capacity of 145 under license 12800, effective December 6, 2024 through December 5, 2026. The same state profile also shows a Facility Closed indicator, which the sources do not reconcile with the active license dates.
Can an investor still place exchange proceeds into this Trust?
No. The Trust is a Chapter 11 debtor as of February 2, 2026 and its only SEC filing dates to 2022, with no amendment since. It is not a live 1031 replacement-property option; the record here exists so exchangers and current holders can read the filing and bankruptcy history.

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.