NuCare Blaine
Senior housing (assisted living / memory care) property in Blaine, MN — sponsored by NuCare
Sponsor NAI Legacy; built 2005; NuCare-managed; min $50k; $1.91M/$3.53M sold (11/2025)
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
NuCare Blaine DST is a Delaware statutory trust — fractional real estate ownership that qualifies for 1031 exchanges — whose sole asset is a 2005-built assisted living and memory care community in Blaine, Minnesota.1 NAI Legacy sponsors it, and equity is offered under Rule 506(c): publicly advertised, sold only to verified accredited investors. A single tenant, CH BL1 LLC, leases the building through October 31, 2040.1
Minimum investment
$50k
Offering size
$3.5M
How much has sold
54.0%
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.
What exactly is the property?
NAI Legacy describes the Trust's single asset as an assisted living and memory care community built in 2005.1 Minnesota's official aging and disability resources directory lists that address as Southern Oaks Place, an assisted living facility with dementia care, in a record last updated August 25, 2026.3 No reviewed source gives the purchase price or the closing date, and none establishes current occupancy.
- Property address
- 10669 Ulysses St NE, Blaine, MN
- Property size
- 31 units; 20,435 square feet
Who is the tenant, and what's the lease?
NAI Legacy names CH BL1 LLC as the tenant, on a lease that commenced November 14, 2025 and runs to October 31, 2040, with a purchase option dated October 31, 2029.1 Whether the tenant carries taxes, insurance and maintenance — a triple-net structure — is not settled by the reviewed sources, and no guarantor is named.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
54.0% reported sold
- Amount sold
- $1,905,685
- Reported unsold
- $1,624,201
- Investors reported
- 2
- Total offering
- $3,529,886
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Trust is leveraged rather than owned free and clear: NAI Legacy reports $2,700,000 of mortgage debt alongside the investor equity, and a lender is repaid ahead of investors out of operating cash flow and out of any eventual sale.1 No public filing names the lender or the loan terms.
Who's behind it?
NAI Legacy sponsors the Trust through its Legacy Property Trust platform, one of a family of DST programs structured, sponsored or managed by NAI Legacy and its affiliates.1 The NuCare name comes from the senior living operator attached to the community. Senior Housing News reported on February 6, 2026 that NuCare Senior Living managed 24 communities across Florida, Minnesota and Wisconsin after adding 12 during 2025.4 Reviewed public materials do not show that the operator and the named tenant are the same legal entity.
- Sponsor
- NuCare
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 2 total offerings from NuCare
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The record holds an original notice of an exempt offering — a Form D, which the SEC neither reviews nor approves — with no amendment behind it reporting the raise completed or terminated. The sponsor's platform, however, showed this offering under a Closed status designation when reviewed on July 13, 2026.5
- Form D filedFirst and latest filing on record.
- Legal Trust name
- NuCare Blaine DST
- Filings on record
- 1
- 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
Is NuCare Blaine still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for NuCare Blaine?
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.
What does this Trust actually own?
One assisted living and memory care community at 10669 Ulysses St NE in Blaine, Minnesota, which NAI Legacy describes as approximately 20,435 square feet with 31 units, built in 2005.[1] It is a single-property Trust, so outcomes turn on one building, one tenant and one local senior housing market. The reviewed public record does not give the acquisition date or the purchase price.
Who is the tenant, and who runs the building?
NAI Legacy identifies CH BL1 LLC as the tenant, on a lease that commenced November 14, 2025 and expires October 31, 2040, with a purchase option dated October 31, 2029.[1] The NuCare name appears on both the Trust and the property; Senior Housing News reported on July 22, 2025 that NuCare Senior Living had grown to 21 communities and planned to enter Minnesota and Florida, then on February 6, 2026 that it managed 24 communities across Florida, Minnesota and Wisconsin.[4] That reporting is portfolio-level, and the reviewed materials do not establish that the operator and CH BL1 LLC are the same entity, so the lease, any guaranty and the management arrangement for this building are set out in the PPM — the private placement memorandum that serves as the offering's disclosure book.
Is the property leveraged?
Yes, according to the sponsor. NAI Legacy reports total capitalization of $6,229,886, made up of $3,529,886 of equity and $2,700,000 of debt.[1] The Form D filed with the SEC on November 18, 2025 covers only the equity portion.[2] No lender, interest rate or maturity date appears in any public filing reviewed.
Is there public data on how full the building is?
Not in the sources reviewed for this profile. Minnesota's official aging and disability resources directory confirms the address operates as Southern Oaks Place, an assisted living facility with dementia care, in a record last updated August 25, 2026, but it does not report a resident census.[3] The sponsor's 31-unit figure is a physical unit count, not occupancy.[1]
What is the minimum investment?
The Form D filed November 18, 2025 reports a $50,000 minimum accepted from an outside investor. Sponsors sometimes apply a different minimum to cash subscriptions than to 1031 exchange proceeds, so the governing figure appears in the PPM and the subscription agreement.
Is the offering still open?
The SEC record holds one Form D, filed November 18, 2025, with no amendment reporting a completed or terminated raise.[2] Separately, the sponsor's platform showed this offering under a Closed status designation when reviewed on July 13, 2026, which is a dated observation rather than a real-time availability determination.[5] A Form D is not updated in real time and DST availability can change day to day, so status is worth confirming directly with the sponsor or your representative before identifying this Trust in an exchange.
Chapter 9NuCare Senior Living Turns Focus to Operations After Doubling Portfolio in 2025NuCare Senior Living, the operator of the NuCare Blaine property, expanded to 24 properties across Florida, Minnesota and Wisconsin after adding 12 communities under management in 2025. Inside NuCare Senior Living's Rapid Growth, 'Boutique' High-Acuity ModelNuCare Senior Living (operator of NuCare Blaine) expanded its portfolio to 21 communities and announced plans to enter Minnesota and Florida; included as late-2025 operator-level context for the property underlying NuCare Blaine DST.