Top1031

Volante of Pinellas Park

Senior living property in Pinellas Park, FL — sponsored by Inspired Healthcare Capital

Files with the SEC as Inspired Senior Living of Pinellas Park DST

Minimum investment
$50k
Offering size
$20.1M
How much has sold
None sold yet
Asset type
Senior living property
Location
Pinellas Park, 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 Pinellas Park DST is a Delaware Statutory Trust — a passive co-ownership structure whose interests qualify for 1031 exchange — sponsored by Inspired Healthcare Capital to hold a senior living community in Pinellas Park, Florida, now branded Salterra at Pinellas Park.3 The Trust was named a Chapter 11 debtor on February 2, 2026.7 An August 2026 court filing lists the community in a proposed stalking-horse sale.8

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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 stands at 8980 49th Street North in Pinellas Park, Florida, operating under state license 5487, with Inspired Senior Living of Pinellas Park MT, LLC recorded as owner and licensee since September 23, 2022.2 It carried the Volante of Pinellas Park name and is now listed as Salterra at Pinellas Park, managed by Leisure Care.3 No public record located establishes what the Trust paid for it or when that purchase closed.

Reported location
Pinellas Park, FL
Property size
132 licensed beds; 47,335 square feet cooled facility
Chapter 3

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

Florida records list Inspired Senior Living of Pinellas Park MT, LLC — the master tenant holding the operating license — as owner and licensee of the community, the usual senior living DST arrangement in which the Trust owns the real estate and leases it to an operating affiliate.2 That master tenant is itself a Chapter 11 debtor, case 26-90101.7

Chapter 4

How did it end?

What happened

No sale or other ending on record

Epiq's Chapter 11 materials identify the Pinellas Park DST as a DST seller and its Aug. 10, 2026 notice as a stalking-horse APA, while AltsWire reports no closure; the trust/property is therefore distressed, not full-cycle, and no completed sale price or investor-return metrics are stated.

current listing: Salterra at Pinellas Park · The current Leisure Care page identifies Salterra at Pinellas Park as formerly Volante of Pinellas Park at 8980 49th Street North; Florida HealthFinder lists 132 licensed beds and 47,335 cooled square feet, and 2025–2026 coverage reports the operator wind-down, halted distributions, and bankruptcy, but no visited article states that this offering was fully subscribed, sold out, or closed.

132 licensed beds; 47,335 square feet cooled facility
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

The Trust's leverage is not established in the public record. Its Form D listed $432,407 of expected bridge-financing cost among the estimated uses of proceeds, but named neither a lender nor a loan principal.6

Chapter 7

What does the paperwork say?

The Trust filed once and never amended. Rule 506(b) means the offering could not be advertised publicly and was sold only to accredited investors — those meeting SEC income or net-worth tests — with whom the sponsor already had a relationship. The filing set a $50,000 minimum investment.5

  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 Volante of Pinellas Park?

Top1031 lists Volante of Pinellas Park as historical. It is no longer raising money.

Where does Top1031 get the data for Volante of Pinellas Park?

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 Senior Living of Pinellas Park DST is listed as a Chapter 11 debtor in case 26-90151, filed February 2, 2026 in the U.S. Bankruptcy Court for the Northern District of Texas. Its master tenant is in case 26-90101 and its signatory trustee in case 26-90075. The filings followed reports in July 2025 that the sponsor had suspended investor distributions, halted new offerings during an SEC review, and wound down its Volante Senior Living operating arm.

Is the property being sold?

An August 10, 2026 docket filing names Salterra Senior Living at Pinellas Park among the communities covered by a stalking-horse asset purchase agreement, with Inspired Florida Acquisitions LLC or an affiliate/designee as the stalking-horse bidder and the Trust and its master tenant as sellers. That notice does not state a Pinellas Park-specific purchase price and does not confirm that any sale has closed.

Can I still invest in this Trust?

No. The record holds a single Form D dated July 21, 2022 with no amendments, the sponsor was reported in July 2025 to have halted new offerings, and the Trust is now a Chapter 11 debtor. DST interests are sold only to accredited investors under a private placement memorandum and have no public trading market in any case.

Who operates the community today?

Leisure Care's property page states that Volante of Pinellas Park is now Salterra at Pinellas Park and is managed by Leisure Care. Florida's facility record continues to identify Inspired Senior Living of Pinellas Park MT, LLC as the owner/licensee at 8980 49th Street North.

Does this Trust offer a 721/UPREIT exit?

The record shows no 721/UPREIT feature — the arrangement in which Trust interests are exchanged for operating-partnership units in a REIT rather than for another replacement property. Nothing in the filings or research located describes such an option for this Trust.

What does the public record say about the Trust's debt?

Very little. The Form D disclosed $432,407 of expected bridge-financing cost within its estimated use of proceeds but identified no lender and no loan principal, and no property-specific mortgage amount or lender for Pinellas Park was located in public records.

Chapter 9

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