Springwood Landing
Senior living property in Vancouver, WA — sponsored by Livingston Street Capital
Files with the SEC as LSC-Vancouver WA, DST
Minimum investment
$50k
Offering size
$29.5M
How much has sold
100.0%
Asset type
Senior living property
Location
Vancouver, WA
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Springwood Landing is a Delaware statutory trust (DST) — fractional property ownership that can receive 1031 exchange proceeds — sponsored by Livingston Street Capital and tied to an independent living community in Vancouver, Washington. Its Form D raise, launched in 2023, was reported fully subscribed that July, and the Trust is closed to new investors. In February 2026 a law firm announced an investigation on behalf of its investors.
Show sources (6)Hide sources (6)
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.
What exactly is the property?
The Springwood Landing name attaches to an independent living community in Vancouver, Washington, operated by a Gracious Retirement Living affiliate; the community's public-facing site lists 301 SE 136th Avenue.1 Research through August 28, 2026 did not establish the Trust's title to that building, an acquisition date, or a price, and a separately named Vancouver senior-living property, Vancouver Pointe, sits at a different address.2
- Reported location
- Vancouver, WA
- Property size
- not publicly stated
Who is the tenant, and what's the lease?
Neither the Form D filings nor research through August 28, 2026 disclose a tenant name, rent, or lease term for this Trust. Springwood Landing is described as operated by a Gracious Retirement Living affiliate, but the master tenant or operating lease standing behind the Trust is not documented publicly.
How did it end?
No sale or other ending on record
As of JRW Investments' sponsor table (the broker-dealer that placed the offering), the LSC-Vancouver WA, DST is listed with Full Cycle status 'Active' [1], and no full-cycle press release, disposition notice, 721 UPREIT exchange, or foreclosure has been published; the underlying Vancouver Pointe property remains operating and actively leasing under LSC's Multi14 leaseco entity [2], with no SEC filings after the July 18, 2023 D/A [3].
Springwood Landing is an independent living community in Vancouver, WA operated by a Gracious Retirement Living affiliate; Livingston Street Capital sponsored the DST offering. Form D filed in January 2023; SEC related filings through July 2023.
not publicly statedSupporting evidence
How is it financed, and what does it pay?
Form D says nothing about debt, and no lender, loan balance, or all-cash structure is documented for this Trust. Whether investor equity sits behind a mortgage is unknown from the public record.
Who's behind it?
Livingston Street Capital is a private real estate investment firm that sponsors DST offerings for 1031 exchange investors; its other programs are listed below. On February 19, 2026, The White Law Group, a law firm that solicits investor claims, said it had opened an investigation on behalf of investors in this DST. An investigation announcement is not a finding of wrongdoing, and no regulatory action or litigation outcome appears in the record.
- Sponsor
- Livingston Street Capital
- Legal Trust name
- LSC-Vancouver WA, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 4 total offerings from Livingston Street Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Livingston Street Capital filed an initial Form D — the short SEC notice for an exempt private placement — then amended it as the raise progressed, the final amendment reporting the offering fully subscribed. It was offered under Rule 506(c), which permits general advertising but requires the sponsor to verify that every investor is accredited.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 4
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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.
Common questions
What happened to Springwood Landing?
Top1031 lists Springwood Landing as historical. It is no longer raising money.
Where does Top1031 get the data for Springwood Landing?
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 still invest in Springwood Landing?
No. The Trust is closed to new investors. The final Form D amendment, filed July 18, 2023, reported the offering fully subscribed with nothing remaining, so it is a historical offering rather than one currently raising.
What property does this Trust actually own?
That is not fully settled in the public record. The offering is identified with Springwood Landing, an independent living community in Vancouver, Washington operated by a Gracious Retirement Living affiliate, whose own website lists 301 SE 136th Avenue. Research through August 28, 2026 found no filing or deed record confirming the Trust's title, acquisition date, or purchase price, and a different Vancouver senior-living property, Vancouver Pointe, publishes a separate address at 4555 NE 66th Avenue. Treat the property identification as reported rather than confirmed.
Is the Trust leveraged?
Unknown. A Form D does not report debt, and no mortgage, lender, or all-cash structure has been documented for LSC-Vancouver WA, DST. An investor who bought into this offering would find the answer in the private placement memorandum (PPM), the offering's full disclosure document.
What does the law firm investigation mean?
The White Law Group, a firm that pursues claims for investors, announced on February 19, 2026 that it was investigating LSC-Vancouver WA, DST on behalf of investors. An investigation announcement is a solicitation for potential claimants, not a lawsuit, a regulatory action, or a finding that anything went wrong. No outcome has been reported.
Can this Trust convert into a REIT through a 721 exchange?
Nothing in the filing record indicates it can. A 721 or UPREIT exit is a structure where DST interests are contributed to a REIT's operating partnership in return for OP units; no such provision is recorded for this Trust.
Has the sponsor reported a sale or any result for this Trust?
No outcome has been reported yet. Research covering August 2024 through August 28, 2026 located no sale, refinancing, closure, or distress event for the Trust or the underlying community, and no distribution or performance results have been published in sources reviewed.
Chapter 9LSC Vancouver WA DST: Lawsuit InvestigationLaw firm announces a pending investigation on behalf of investors in LSC-Vancouver WA DST, a Livingston Street Capital-sponsored offering.