Top1031

Windsor Senior Living

Senior living property in Richmond, VA · sponsored by JFC

Historical · soldSold · last Form D Feb 2, 2015richmondbizsense.com (opens in a new tab)

Windsor Senior Living was a DST sponsored by JFC that owned a senior living property in Richmond, VA (44 units). Sold.

How it ended

No public outcome found

Sold.

Source: cited report (opens in a new tab)

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
$25,000
From the Form D
Offering size
$4,150,000
Equity offered, per the Form D
Sold
Not reported after the first Form D (Feb 2, 2015)
Form D, Feb 2, 2015
Selling commissions
$415,000 · 10.0% 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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Ask a 1031 specialist about this recordFree. About: Windsor Senior Living. Top1031 is not a broker-dealer.

What did Windsor Senior Living own?

Windsor Senior Living was a dedicated memory-care building at 3600 Grove Avenue in Richmond, Virginia, completed in 1956 and fully renovated in 2013. 3 WTVR reported the building sold for $10 million to Georgia-based Flournoy in December 2023, citing city records that did not name the Trust as seller. 4 Demolition was underway by February 13, 2024, ahead of a 253-unit, six-story project. 5

Reported location
Richmond, VA
Property size
44 units / 60 residents / 24,685 sq ft gross (22,501 sq ft net rentable) on 2.27-acre site

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

The sponsor's offering summary described a leveraged structure, with a Freddie Mac first mortgage of $5,330,000 on a 10-year term amortizing over 30 years — mortgage debt sitting at the Trust level alongside investor equity. 7

Debt

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

Costs and terms from the Form D

Selling commissions
$415,000 · 10.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$940,500 · 22.6% of offering
Form D Item 16
· The filing’s note: “JFC WINDSOR DEPOSITOR, LLC WILL BE RESPONSIBLE FOR PAYING CERTAIN FEES AND COSTS OF APPROXIMATELY $940,500.”
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
$25,000

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 Form D identifies the issuer as a statutory trust organized in Delaware and was submitted under Rule 506(b), the private-placement route that bars general advertising and relies on pre-existing relationships with accredited investors. 1 No later amendment appeared in the SEC record reviewed, so the original filing was never updated.

Legal Trust name
JFC WINDSOR DST
SEC CIK
1632350
First Form D
Feb 2, 2015
Latest Form D
Feb 2, 2015
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$4,150,000
$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 Windsor Senior Living?
Windsor Senior Living is a Historical offering. Sold.
Was there a tenant and a triple-net lease?
No. Memory care is an operating business, not a net-leased building, so income came from resident fees rather than a single tenant's rent. The sponsor's offering summary named Meridian Senior Living as the management company. No public source establishes a separate tenant name or lease term.
Did the Trust have a REIT or 721/UPREIT exit path?
The record shows no conversion feature. A 721/UPREIT exit is where a DST's property is contributed to a REIT's operating partnership in exchange for units; nothing in this Trust's public record indicates that structure.
How much did the Trust actually raise?
The only Form D on record is the original February 2, 2015 filing, which reported the offering amount and sales status as of that date; no amendment updated it. The figures shown in the sales rows on this page come straight from that filing, so they reflect the day it was filed rather than a final raise total.

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.