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Windsor Senior Living

Senior living (memory care) property in Richmond, VA — sponsored by JFC

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These links support the historical public record; individual details may come from different sources.

Chapter 1

What is this, in one paragraph?

JFC Windsor DST is a Delaware statutory trust — a passive co-ownership vehicle used for 1031 exchanges — formed to hold Windsor Senior Living, a dedicated memory-care building at 3600 Grove Avenue in Richmond, Virginia.1 It filed a single Form D in February 2015 under Rule 506(b) and is closed to new investors. WTVR later reported that the building at that address sold for $10 million in December 2023.4

Minimum investment
$25k
Offering size
$4.2M
How much has sold
None sold yet
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited 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?

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
Chapter 3

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

Senior housing is an operating business, so there is no single tenant paying rent under a lease; revenue comes from resident fees and occupancy rather than lease payments. The sponsor's offering summary named Meridian Senior Living as the property's management company.6

Chapter 4

How did it end?

What happened

Sold

The trust's sole asset, Windsor Senior Living at 3600 Grove Avenue, Richmond, VA (a 44-unit, 60-resident memory-care facility on 2.27 acres), was sold for redevelopment: operations halted in 2021 and the site was placed under contract with Georgia-based Flournoy Development Group, with Richmond BizSense reporting on September 28, 2022 that the former facility would be razed for a six-story, 260-unit apartment project; no sale price or DST-level equity multiple/IRR was stated.

JFC Windsor DST (filed Feb 2, 2015; $4,150,000 offering) holds Windsor Senior Living at 3600 Grove Avenue, Richmond, VA — a 44-unit, 60-resident dedicated memory care facility on a 2.27-acre site, originally built in 1956 and fully renovated in 2013, sponsored by J. Fisher Capital (JF Capital).

44 units / 60 residents / 24,685 sq ft gross (22,501 sq ft net rentable) on 2.27-acre site
Supporting evidence
Counted on JFC (JF Capital Senior Living)’s Record Card as: No public outcome found Document
Chapter 5

How is it financed, and what does it pay?

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

Chapter 7

What does the paperwork say?

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.

  1. Form D filedFirst and latest filing on record.
Legal Trust name
JFC WINDSOR DST
Filings on record
1
How it may be offered
Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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 Windsor Senior Living?

Windsor Senior Living is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.

Where does Top1031 get the data for Windsor Senior Living?

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 invest in JFC Windsor DST today?

No. The Trust filed its only Form D on February 2, 2015 and is closed to new investors; the sponsor has no offerings currently raising in this directory. The record here exists for diligence, comparison, and tracking sponsor history — not for subscription.

What happened to the building the Trust was formed to hold?

WTVR reported on December 12, 2023 that the former Windsor Senior Living building at 3600 Grove Avenue sold for $10 million to Georgia-based Flournoy, citing city records, and reported on February 13, 2024 that demolition was underway for a 253-unit, six-story project. Neither report named JFC Windsor DST as owner or seller, and no SEC filing confirms a disposition by the Trust.

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.

What does Rule 506(b) mean for this offering?

506(b) is the private-placement exemption that lets an issuer sell to accredited investors — broadly, those meeting SEC income or net-worth tests — without registering with the SEC, provided it does not advertise publicly and relies on pre-existing relationships. Terms live in the Private Placement Memorandum (PPM), not in the Form D.

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.

Chapter 9

In the news

Chapter 11

What can I do next?

Check the source documents, compare this offering with other public records, or ask a licensed specialist about the facts shown here.