Top1031

Sacramento Rehabilitation Hospital

Healthcare property in Sacramento, CA

Active offeringLatest Form D filed Apr 22, 2026 · 2 filings since May 8, 2025 (opens in a new tab)

Sacramento Rehabilitation Hospital is a DST that owns a healthcare property in Sacramento, CA (50 beds). Its latest Form D, filed Apr 22, 2026, lists a $77.6 million offering with a $50,000 minimum.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$77,667,582
Equity offered, per the Form D
Sold so far
45.8%
Form D, Apr 22, 2026; the % is our arithmetic
Investors reported
122
Form D, Apr 22, 2026
Selling commissions
$4,660,055 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right
Yes
Offering documents, Apr 2025 · Deal terms ↓

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
Apr 22, 2026 · 2 filings
First sale
Apr 17, 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 Apr 22, 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.
Amount sold
$35,620,141
Not yet sold
$42,047,441
Investors
122

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

45.8% of $77,667,582 sold, calculated by Top1031 from the Form D

Average since first sale
about $2.9 million a month
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Ask a 1031 specialist about this recordFree. About: Sacramento Rehabilitation Hospital. Top1031 is not a broker-dealer.
Sacramento Rehabilitation Hospital image

Sacramento Rehabilitation Hospital · Sacramento, CA · Photo: bvcapitaltx.com

Location map10 Advantage Ct, Sacramento, CAAddress matched to a cited source

What does the Trust own?

The hospital opened in January 2023, according to the sponsor. 6 The Trust does not own the land outright: its offering documents describe a ground leasehold interest in approximately 6.23 acres plus fee-simple title to the improvements, acquired April 16, 2025 from the ground lessor at a stated contribution value of $67,750,000 rather than a recorded cash purchase price. 1 California's facility record lists the hospital as open. 2

Property address
10 Advantage Ct, Sacramento, CA
Property size
50 beds

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%0%45.8%May 8, 2025Apr 22, 20260%50%100%0%45.8%May 8, 2025Apr 22, 2026

How is it financed, and what did it cost to sell?

Debt

Financing
All cash. This offering reports no mortgage debt.
May convert to a REIT (721)
See Deal terms ↓

Costs and terms from the Form D

Selling commissions
$4,660,055 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,757,528 · 4.8% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Managing Broker Dealer Fee, Marketing and Due Diligence Allowance, Offering & Organizational Expenses and Acquisition Fee that may accrue to one or more related persons.”
Broker-dealers named in the Form D
14 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Apr 17, 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. The issuer marked these amounts as an estimate.

What are the deal terms?

From Bridgeview Real Estate Exchange’s offering documents (Apr 2025).

Your exit

Can the sponsor's affiliate buy investors out?
Yes

Rent and the bills

Who pays rent to the trust?
The property's tenants directly
Who pays for roof and structural repairs?
The tenant or master tenant
Who pays if taxes or insurance go up?
The tenant or master tenant
Was the property bought from a sponsor affiliate?
Yes

Your rights

Can investors remove the manager?
Only for cause
How are disputes with the sponsor resolved?
Mandatory arbitration

What does the SEC record show?

The initial notice reported no sales and indicated that a first sale had yet to occur. 4 The later amendment updated the amount raised and retroactively dated the first sale to April 17, 2025. 3 The exemption claimed permits general advertising but requires the sponsor to verify each investor's accredited status rather than accept self-certification.

Legal Trust name
BV Ernest Health Neuro Rehab DST
SEC CIK
2067406
First Form D
May 8, 2025
Latest Form D
Apr 22, 2026
Filings on record
2
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/A$77,667,582
$35,620,141+$35,620,141
122
EDGAR
Form D$77,667,582
$0
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 Sacramento Rehabilitation Hospital an active offering?
Sacramento Rehabilitation Hospital is an Active offering: its latest Form D was filed Apr 22, 2026. 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.
Does Sacramento Rehabilitation Hospital have a 721 UPREIT exit?
The record lists a possible 721 exit for Sacramento Rehabilitation Hospital. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
What property is behind this Trust?
Sacramento Rehabilitation Hospital, a neuro-rehabilitation hospital at 10 Advantage Court, Sacramento, California. California's Department of Health Care Access and Information lists the facility at that address as open with 50 licensed beds. The Trust does not own the land: its offering documents describe a ground leasehold interest in approximately 6.23 acres together with fee-simple title to the hospital improvements, acquired April 16, 2025 from the ground lessor at a stated contribution value of $67,750,000. That contribution value is a memorandum figure, not an independently recorded sale price.
Who is the tenant, and what kind of lease is in place?
The offering documents identify the tenant as Sacramento Rehabilitation Hospital, LLC — an affiliate of Ernest Health rather than Ernest Health itself — as tenant of the entire property, under a lease running through January 2043. Bridgeview describes the lease as a 20-year absolute-net lease with two 10-year tenant renewal options; absolute-net means the tenant, not the Trust, pays property taxes, insurance and maintenance. Bridgeview separately identifies Ernest Health as the hospital's operator, which is a description of operations rather than of who signed the lease. The lease and the offering documents state the binding terms.
Does the Trust carry debt?
Bridgeview advertises the DST offering at 0% loan-to-value — that is, no mortgage debt against the property. This record's financing field classifies the Trust differently, so the two descriptions conflict. Read the loan, ground lease and encumbrance sections of the offering documents, which control over any summary, including this one, and confirm the current debt position with the sponsor before relying on it.
What is the minimum investment?
The Form D filings report a $50,000 minimum accepted from an outside investor. The sponsor's offering page shows a $100,000 minimum for Section 1031 exchange investors and $50,000 for cash investors. The offering documents and subscription documents state the binding minimums, and a sponsor may accept less at its discretion.
Has there been news about the hospital or its operator?
Yes, and all of it concerns the operator rather than the Trust. Ernest Health announced on August 24, 2026 that Sacramento Rehabilitation Hospital was among nine of its facilities recognized in U.S. News & World Report's 2026-27 Best Hospitals for Rehabilitation rankings, and on September 2, 2026 that the hospital was among 19 Ernest Health rehabilitation hospitals on Newsweek's 2026 list of America's Best Physical Rehabilitation Centers. On September 21, 2026, Ernest Health announced Phase 1 of a North Carolina program covering six freestanding inpatient rehabilitation hospitals with Summit Healthcare Group as development partner. Separately, Bridgeview reported 95% average occupancy at the hospital as of December 31, 2024 — a dated figure, not a current measurement. None of these are statements about the Trust or its investors.

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.