Top1031

NuCare St. Louis Park

Senior housing property in St. Louis Park, Minnesota · sponsored by NuCare

Active offeringLatest Form D filed Nov 18, 2025 (opens in a new tab)

NuCare St. Louis Park is a DST sponsored by NuCare that owns a senior housing property in St. Louis Park, Minnesota. Its latest Form D, filed Nov 18, 2025, lists a $3.5 million offering with a $50,000 minimum.

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
$50,000
From the Form D
Offering size
$3,535,405
Equity offered, per the Form D
Sold so far
Raising
30.9%
Form D, Nov 18, 2025; the % is our arithmetic
Investors reported
2
Form D, Nov 18, 2025
Selling commissions
$263,909 · 7.4% of offering
Form D Item 15; the % is our arithmetic
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

A free account shows how much of each active offering has sold and the Sponsor Grade letters.

Raising

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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Nov 18, 2025.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$1,093,487
Not yet sold
$2,441,918
Investors
2

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

30.9% of $3,535,405 sold, calculated by Top1031 from the Form D

Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.

Ask a 1031 specialist about this recordFree. About: NuCare St. Louis Park. Top1031 is not a broker-dealer.
NuCare St. Louis Park image 1 of 2

NuCare St. Louis Park · St. Louis Park, Minnesota · Photo: images.leadconnectorhq.com

St. Louis Park, Minnesota · no mappable address in the filings.

What does NuCare St. Louis Park own?

The building opened in 2013 and operates as assisted living with memory care, meaning residents get daily help and some units serve people with dementia. 1 A Minnesota Department of Health disclosure dated June 30, 2025 identifies the facility here as Cedar Ridge Place, licensed as an assisted living facility with dementia care. 3 Hennepin County records the parcel as sold in November 2025 for $4,100,000 to NuCare SLP DST. 2

Reported location
St. Louis Park, Minnesota
Property size
approximately 20,975 square feet; 28 residential units

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?

NAI Legacy reports total capitalization of $5,995,405 including $2,460,000 of debt, the rest investor equity. 1 The Trust carries a mortgage, so the lender is repaid before investors, and the loan is secured by the property itself.

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 offering
Form 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.

What does the SEC record show?

The issuer's Form D, the notice for a securities sale made without registration, gives November 4, 2025 as the date of first sale. 4 Because the Trust may be advertised publicly under Rule 506(c), the sponsor takes reasonable steps to verify each buyer is accredited rather than accepting a self-certification.

Legal Trust name
NuCare SLP DST
SEC CIK
2096643
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
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$3,535,405
$1,093,487
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 St. Louis Park an active offering?
NuCare St. Louis Park 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 own?
One senior housing property at 7115 Wayzata Blvd in St. Louis Park, Minnesota, in the Minneapolis area, operating as assisted living with memory care. NAI Legacy's offering page describes a building constructed in 2013 of approximately 20,975 square feet with 28 residential units. Hennepin County's land property record for parcel 0511721420156 names NUCARE SLP DST as owner and reports a November 2025 sale for $4,100,000.
Who is the tenant, and what kind of lease is in place?
NAI Legacy identifies CH SLP LLC as the tenant, on a lease the sponsor reports commencing November 14, 2025 and expiring October 31, 2040. The same page lists a tenant purchase option dated October 31, 2029, which is an option on the record rather than an exercised one. All of the building's rent comes from this one tenant, so that tenant's performance drives the Trust's income.
Does the Trust have a mortgage?
Yes. NAI Legacy reports $2,460,000 of debt within a stated total capitalization of $5,995,405, with investor equity making up the balance. In a leveraged DST the lender is paid before investors, and the loan is secured by the property.
What does the state licensing record show for the building?
A Minnesota Department of Health disclosure dated June 30, 2025 identifies the facility at 7115 Wayzata Blvd as Cedar Ridge Place, facility identifier 31139, under an assisted living facility with dementia care license designation. That document carries a date before the November 2025 purchase recorded by Hennepin County.
Can this Trust roll into a REIT at the end?
No 721 exchange or UPREIT conversion, the structure in which a DST's property is contributed to a REIT's operating partnership for units, is part of this Trust. The exit paths on the record are tied to the property and the lease: NAI Legacy lists a tenant purchase option dated October 31, 2029 and a lease running to October 31, 2040.
Who can invest, and what is the minimum?
Only accredited investors, broadly individuals who meet SEC income or net worth thresholds. The offering is made under Rule 506(c), the exemption that allows general advertising and requires the sponsor to take reasonable steps to verify accredited status, which usually means tax returns, brokerage statements or a letter from a CPA or attorney. The Form D filed November 18, 2025 states a $50,000 minimum investment.

In the news

Sources

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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.