NuCare Blaine
Senior housing property in Blaine, MN · sponsored by NuCare
Active offeringLatest Form D filed Nov 18, 2025 (opens in a new tab)
NuCare Blaine is a DST sponsored by NuCare that owns a senior housing property in Blaine, MN (31 units). Its latest Form D, filed Nov 18, 2025, lists a $3.5 million offering with a $50,000 minimum.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $3,529,886Equity offered, per the Form D
- Sold so far
- Form D, Nov 18, 2025; the % is our arithmetic53.9%
- Investors reported
- Form D, Nov 18, 20252
- Selling commissions
- Form D Item 15; the % is our arithmetic$263,909 · 7.4% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
Sales so far
- Latest Form D
- Nov 18, 2025 · 1 filing
- First sale
- Nov 4, 2025
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $1,905,685
- Not yet sold
- $1,624,201
- Investors
- 2
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
53.9% of $3,529,886 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: NuCare Blaine. Top1031 is not a broker-dealer.NuCare Blaine · Blaine, MN · Photo: images.leadconnectorhq.com
What does NuCare Blaine own?
Anoka County's sales record shows BALC II LLC conveying the property to NuCare Blaine DST on November 14, 2025 for $4,500,000. 1 The sponsor dates the building to 2005 and describes it as an assisted living and memory care community. 2 This is a single-property Trust: outcomes turn on one building, one tenant and one local senior housing market.
- Property address
- 10669 Ulysses St NE, Blaine, MN
- Property size
- 31 units; 20,435 square feet
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
This Trust is leveraged rather than all-cash: the sponsor reports mortgage debt sitting beneath the investor equity, which means a lender is repaid ahead of investors out of operating cash flow and out of any eventual sale. 2 No reviewed filing names the lender, the maturity or the loan terms.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $263,909 · 7.4% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Nov 4, 2025
- 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.
Who's behind NuCare Blaine?
NAI Legacy sponsors the Trust and presents it on its Legacy Property Trust platform. 2 The NuCare name comes from the senior living operator associated with 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 under management during 2025. 3 Reviewed materials do not establish whether that operator and the sponsor-named tenant are the same legal entity.
- Sponsor
- Offerings on record
What does the SEC record show?
The SEC record holds only 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. 4 The issuer reported November 4, 2025 as its date of first sale, and Form D figures are filing-date snapshots rather than real-time statements of availability. 4
- Legal Trust name
- NuCare Blaine DST
- SEC CIK
- 2096591
- First Form D
- Nov 18, 2025
- Latest Form D
- Nov 18, 2025
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $3,529,886 | $1,905,685 | 2 | 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
- Is NuCare Blaine an active offering?
- NuCare Blaine is an Active offering: its latest Form D was filed Nov 18, 2025. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What does this Trust actually own?
- One assisted living and memory care community at 10669 Ulysses St NE in Blaine, Minnesota, which the sponsor describes as roughly 20,435 square feet across 31 residential units, built in 2005. Anoka County's property record ties NuCare Blaine DST to that address. It is a single-property Trust, so results depend on one building, one tenant and one local senior housing market.
- When did the Trust buy the property, and for how much?
- Anoka County's sales record lists a November 14, 2025 sale of the parcel from BALC II LLC to NuCare Blaine DST for $4,500,000. That is the recorded transfer price for the real estate, which is a different figure from the securities offering: the sponsor states total offering capitalization of $6,229,886, made up of $3,529,886 of equity and $2,700,000 of debt. Acquisition costs, reserves and fees are detailed in the offering documents.
- 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 date of October 31, 2029. Separately, Senior Housing News reported on February 6, 2026 that NuCare Senior Living, the operator associated with this property, managed 24 communities across Florida, Minnesota and Wisconsin after adding 12 under management in 2025. The reviewed record does not document a legal link between CH BL1 LLC and any named operating company. The lease, any guaranty and the management arrangement are set out in the offering documents.
- Is the property leveraged?
- Yes, according to the sponsor. NAI Legacy reports $2,700,000 of debt alongside $3,529,886 of equity and states a 43.34% loan-to-value ratio. The Form D filed with the SEC on November 18, 2025 covers only the securities being sold, not the mortgage. 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 record reviewed for this profile. No current occupancy percentage or resident census for the community was established, and the sponsor's published figures describe the building's 31 units rather than how many are occupied. Census history and operating results would come from the offering documents and from the sponsor directly.
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.