Offering size$3.5M
Asset typeOther
LocationSt. Louis Park, MN
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedNov 18, 2025
Last filedNov 18, 2025
Minimum$50k
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 (NuCare SLP DST) is a Delaware statutory trust sponsored by NAI Legacy's Legacy Exchange Program that owns a 28-unit assisted living and memory care community at 7115 Wayzata Blvd in St. Louis Park, Minnesota, within the Minneapolis–St. Paul MSA. Built in 2013 and spanning roughly 20,975 square feet, the property operates under a triple-net master lease with CH SLP LLC that commenced November 14, 2025 and runs through October 31, 2040. The trust closed and acquired the property on November 14, 2025, capitalized with about $3.54 million in equity and $2.46 million in debt at a 41.03% loan-to-value.
Sponsor NAI Legacy; built 2013; NuCare-managed; min $50k; $1.09M/$3.54M sold (11/2025)
28 units / 20,975 SFBased on issuer-filed Form D notices through Nov 18, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount31.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$1,093,487
Remaining amount reported in latest Form D$2,441,918
Investor count reported in latest Form D2
Stated minimum investment$50,000
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First filedNov 18, 2025
Latest filingNov 18, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and lease
The trust owns an assisted living and memory care community at 7115 Wayzata Blvd in St. Louis Park, Minnesota, part of the Minneapolis–St. Paul MSA. Built in 2013, the building holds 28 residential units across approximately 20,975 square feet. 1 A triple-net master lease with tenant CH SLP LLC commenced November 14, 2025 and expires October 31, 2040, an approximately 15-year term, with a tenant purchase option dated October 31, 2029. 1
Acquisition and capitalization
The DST closed on November 14, 2025, concurrent with lease commencement and acquisition of the property. 1 Its capitalization comprises a total offering of $5,995,405 — $3,535,405 in equity and $2,460,000 in debt — for a 41.03% loan-to-value. 1 A Form D notice filed November 18, 2025 reported $1,093,487 sold of a $3,535,405 equity offering as of that filing date. 2 As of July 13, 2026, NAI Legacy's Legacy Exchange Program page lists NuCare SLP DST with a status of "Closed." 3
Sponsor
The sponsor is NAI Legacy, which operates the Legacy Exchange Program (DST) under the Legacy Property Trust brand, is affiliated with NAI Global, and is based in Bloomington, Minnesota; Duane H. Lund serves as a controlling principal. 4
In the news
Frequently asked questions
Is NuCare St. Louis Park currently active?
NuCare St. Louis Park is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for NuCare St. Louis Park?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.