Top1031

Aspire West End DST

Other property in Richmond, VA — sponsor not disclosed

Minimum investment
$100k
Offering size
$32.0M
How much has sold
None sold yet
Asset type
Other property
Location
Richmond, VA
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Aspire West End DST is a Delaware Statutory Trust — a passive co-ownership structure whose interests can serve as replacement property in a 1031 exchange — sponsored by Bonaventure Holdings, LLC.1 A single Form D notice opened the raise to accredited investors at a $100,000 minimum, before any first sale had occurred.1 That notice names no property, tenant, lender, or loan terms.

Property details are not confirmed yet. The SEC filings below are the current public record.

Show sources (4)Hide sources (4)

These links support the public record as a whole; individual details may come from different sources.

Richmond, VA · exact location not on recordThe filings name the market but not an address we can place on a map.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

The Form D names no property, no address, and no purchase price — only the Trust itself.1 Separately, Bonaventure markets a Richmond-area community called Aspire West End, a 148-apartment Class A independent-living property in Henrico County that it says it developed, owns, and operates.2 A November 6, 2025 listing describes that community as built in 2019, four stories, and operated for residents age 55 or older.3 No reviewed record ties it to this Trust.

Reported location
Richmond, VA
Chapter 3

Who is the tenant, and what's the lease?

No tenant, lease, or rent structure is disclosed in the public record. The Form D does name BH Aspire West End Master Tenant — the master-tenant entity a DST typically leases its property to so the trust itself stays passive and avoids operating decisions.1

Chapter 4

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.

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 Aug 25, 2026.

  • 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.

Raise history appears here once sales are filed — free account required.

Chapter 5

How is it financed, and what does it pay?

The filing names no lender and states no loan amount, rate, or term. Its only debt-adjacent disclosure is $870,804 in loan-related cost reimbursements to the sponsor or its affiliates, alongside a $560,000 sponsor fee and $397,696 in other closing costs.1

Chapter 7

What does the paperwork say?

One notice and no amendments so far: the filing reports Class 1 beneficial interests, that the first sale had not yet occurred, and that the offering is not intended to last more than one year.1 The exemption claimed permits public advertising of the deal but limits buyers to investors whose accredited status is verified.

  1. Form D filedFirst and latest filing on record.
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.

Chapter 8

Common questions

Is Aspire West End DST still raising money?

Top1031 lists Aspire West End DST 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 Aspire West End DST?

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 property does Aspire West End DST own?

The public record does not say. The Trust's only SEC filing, a Form D filed August 25, 2026, names no property, address, purchase price, or occupancy. Bonaventure separately markets a 148-apartment Class A independent-living community called Aspire West End in Henrico County, Virginia, near Richmond, which a November 6, 2025 third-party listing describes as built in 2019 and operated for residents age 55 or older. No reviewed record links that community to this Trust, so treat the underlying asset as undisclosed until a sponsor document or amendment confirms it.

Is this Trust still raising money?

Yes. Bonaventure Holdings filed the Form D notice for Aspire West End DST on August 25, 2026, and that notice states the first sale had not yet occurred and that the offering is not intended to last more than one year. It remains the Trust's first and only filing on record as of August 30, 2026.

What is the minimum investment?

The Form D reports a $100,000 minimum investment in Class 1 beneficial interests of the Trust. Minimums for exchange investors versus cash investors, and any sponsor discretion to accept less, are set out in the private placement memorandum (PPM), the offering document that governs the deal.

Is the Trust leveraged?

Not disclosed. The Form D names no lender and states no loan amount, interest rate, or maturity. The filing does report $870,804 in loan-related cost reimbursements to the sponsor or affiliates, which is a fee disclosure rather than a statement of debt terms. Anyone underwriting this deal needs the PPM to see whether there is mortgage debt and on what terms.

What does Rule 506(c) mean for me here?

Rule 506(c) is the private-placement exemption that lets a sponsor advertise an offering publicly, in exchange for a requirement that every buyer be an accredited investor whose status is actually verified — typically through tax returns, brokerage statements, or a letter from a CPA or attorney. Under Rule 506(b), by contrast, no general solicitation is permitted and self-certification is common.

Who runs the Richmond community named Aspire at West End?

Vitality Living announced on February 25, 2026 that it had assumed management of Aspire at West End Richmond effective February 1, 2026, with ownership remaining with Bonaventure. That announcement does not identify Aspire West End DST as the owner or issuer, so the connection to this Trust is not established in the public record.