Top1031

Springwood Landing

Senior living property in Vancouver, WA · sponsored by Livingston Street Capital

HistoricalLast Form D, filed Jul 18, 2023, reports the offering fully sold (opens in a new tab)

Springwood Landing was a DST sponsored by Livingston Street Capital that owned a senior living property in Vancouver, WA. Its last Form D, filed Jul 18, 2023, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Jul 18, 2023, reports the offering fully sold.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$29,520,000
Equity offered, per the Form D
Sold
100%
Form D, Jul 18, 2023; the % is our arithmetic
Investors reported
80
Form D, Jul 18, 2023
Selling commissions
$2,745,360 · 9.3% 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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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: Springwood Landing. Top1031 is not a broker-dealer.

What did Springwood Landing own?

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

Reported location
Vancouver, WA
Property size
not publicly stated

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

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.

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
$2,745,360 · 9.3% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$640,938 · 2.1% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees that may be paid and offering and organizational expenses that may be reimbursed to one or more Related Persons.”
Broker-dealers named in the Form D
13 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Feb 9, 2023
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?

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.

Legal Trust name
LSC-Vancouver WA, DST
SEC CIK
1959709
First Form D
Jan 20, 2023
Latest Form D
Jul 18, 2023
Filings on record
4
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$29,520,000
$29,520,000+$18,796,581
80+55
EDGAR
Form D/A$29,520,000
$10,723,419+$200,500
25+1
EDGAR
Form D/A$29,520,000
$10,522,919+$10,522,919
24
EDGAR
Form D$29,520,000
$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 Springwood Landing?
Springwood Landing is a Historical offering. The last Form D, filed Jul 18, 2023, reports the offering fully sold.
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. 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 offering documents.
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.

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.