Top1031

Volante of Pinellas Park

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

HistoricalIn bankruptcy or distress since Feb 2026 · last Form D Jul 21, 2022document.epiq11.com (opens in a new tab)

Volante of Pinellas Park was a DST sponsored by Inspired Healthcare Capital that owned a senior living property in Pinellas Park, FL. In bankruptcy or distress since Feb 2026.

How it ended

Lost or impaired investor capital

In bankruptcy or distress since Feb 2026.

Since
Feb 2, 2026

Source: cited report (opens in a new tab)

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$20,131,452
Equity offered, per the Form D
Sold
Not reported after the first Form D (Jul 21, 2022)
Form D, Jul 21, 2022
Selling commissions
$1,811,831 · 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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Volante of Pinellas Park. Top1031 is not a broker-dealer.
Volante of Pinellas Park image

Volante of Pinellas Park · Pinellas Park, FL · Photo: leisurecare.com

What did Volante of Pinellas Park own?

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

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

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

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

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
$1,811,831 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,253,722 · 6.2% of offering
Form D Item 16
· The filing’s note: “Sponsor receives $201,315 of offering proceeds for marketing, organizational and offering expenses + an acquisition fee of $620,000 + estimated bridge financing cost of $432,407”
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. 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

Legal Trust name
Inspired Senior Living of Pinellas Park DST
SEC CIK
1938588
First Form D
Jul 21, 2022
Latest Form D
Jul 21, 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$20,131,452
$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 Volante of Pinellas Park?
Volante of Pinellas Park is a Historical offering. In bankruptcy or distress since Feb 2026.
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.
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.
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.

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.