Offering size$3.5M
Minimum investment$50k
Asset typeOther
LocationSt. Louis Park, MN
FinancingNot stated. The filings for this offering do not say whether it carries mortgage debt.
May convert to a REIT721/UPREIT exit, as reported by the sponsorNo
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.
NuCare St. Louis Park is the trust NuCare SLP DST, which owns a 28-unit assisted living and memory care community in St. Louis Park, Minnesota. The community is leased in its entirety under a triple-net structure to a single tenant, CH SLP LLC, on a term running through approximately 2040. The trust closed its acquisition of the property on November 14, 2025, capitalized with approximately $3.54 million of equity and approximately $2.46 million of debt, a 41.03% loan-to-value ratio at closing. An issuer filing dated November 18, 2025 reported a total offering amount of $3,535,405 for the trust's interests.
Sponsor NAI Legacy; built 2013; NuCare-managed; min $50k; $1.09M/$3.54M sold (11/2025)
28 units / 20,975 SFThese are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
31.0%of the offering reported sold
Not enough filings yet to show a trend.
Amount sold$1,093,487
Amount left to sellOffering size minus amount sold$2,441,918
Investors so far2
Minimum investment$50,000
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First filingNov 18, 2025
Latest filingNov 18, 2025
Filings on record1
How it may be offeredMay be advertised publicly. Every buyer’s accredited status must be verified.Rule 506(c)
Read the filings on SEC EDGARA 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.
Offering profile
SEC filings and cited sources
Property and lease
Offering material for NuCare SLP DST describes a single seniors housing asset: a 28-unit assisted living and memory care community in St. Louis Park, Minnesota. The community is leased in its entirety under a triple-net structure to one tenant, CH SLP LLC, on a term running through approximately 2040. 1
Acquisition and capitalization
The trust closed and acquired the property on November 14, 2025. Sponsor-reported capitalization at that closing was approximately $3.54 million of equity alongside approximately $2.46 million of debt, a 41.03% loan-to-value ratio. 1 An issuer filing dated November 18, 2025 reported a total offering amount of $3,535,405. 2
Sponsor
NAI Legacy, a full-service commercial real estate firm, operates a DST platform branded the Legacy Exchange Program from 4400 W 78th St, Suite 120, Bloomington, Minnesota — the address used in the trust's issuer filing. 3
Sources (3)
In the news
Frequently asked questions
Is NuCare St. Louis Park still raising money?
Top1031 lists NuCare St. Louis Park as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for NuCare St. Louis Park?
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.