Top1031

Sacramento Rehabilitation Hospital

Healthcare (neuro-rehabilitation hospital) property in Sacramento, CA — sponsor not disclosed

Files with the SEC as BV Ernest Health Neuro Rehab DST

Minimum investment
$50k
Offering size
$77.7M
How much has sold
46.0%
Asset type
Healthcare (neuro-rehabilitation hospital) property
Location
Sacramento, CA
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?

BV Ernest Health Neuro Rehab DST is a Delaware statutory trust — fractional property ownership structured to qualify for a 1031 exchange — sponsored by Bridgeview Real Estate Exchange.1 It is tied to Sacramento Rehabilitation Hospital, a neuro-rehabilitation facility leased to Ernest Health under a 20-year absolute-net lease.2 The Trust is still raising from accredited investors, those meeting SEC income or net-worth thresholds.

Sacramento Rehabilitation Hospital image 1 of 3

0% LTV; min $100k (1031)/$50k cash; 95% occ (12/31/24); tenant Ernest Health, 20-yr NNN; 5.70% target dist

Show sources (8)Hide sources (8)

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

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

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?

Bridgeview's fact sheet states the hospital opened in January 2023.3 California's Department of Health Care Access and Information licenses it as a general acute care hospital and lists its facility status as Open.4 Bridgeview also reports overflow referral agreements with Kaiser Permanente and UC-Davis Medical Center, and 95% average occupancy as of December 31, 2024.2 No primary deed or closing record was located, so the acquisition date and price are not established here.

Property address
10 Advantage Ct, Sacramento, CA
Property size
50 beds
Chapter 3

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

Bridgeview reports that Ernest Health leases the hospital under a 20-year absolute-net lease with two 10-year tenant renewal options.2 The sponsor's fact sheet dates that term through January 4, 2043.3 Absolute net means the tenant, not the Trust, carries taxes, insurance, and structural upkeep.

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 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.
46.0% reported sold
Amount sold
$35,620,141
Still available
$42,047,441
Investors reported
122
Total offering
$77,667,582
Amount soldInvestors
May 8, 2025Apr 22, 2026
See how much of this offering has soldSign in by email and confirm you’re an accredited investor.
Chapter 5

How is it financed, and what does it pay?

Bridgeview's launch announcement describes the offering as zero-debt — investor equity, rather than mortgage borrowing, funding the purchase.5 The classification carried on this record disagrees and no Form D names a lender either way, so the loan section of the PPM, the private placement memorandum that governs the deal, is what settles the question.

Financing
Leveraged. This offering reports mortgage debt on the property.
Chapter 7

What does the paperwork say?

The record is an initial Regulation D notice of an exempt offering, later amended to update the amount sold and the investor count; that amendment reports a first sale on April 17, 2025.1 Because the Offering may be advertised publicly, the sponsor must verify each investor's accredited status rather than accept self-certification.

  1. First Form D filedThe public offering record begins.
  2. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
2
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 Sacramento Rehabilitation Hospital still raising money?

Top1031 lists Sacramento Rehabilitation Hospital 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 Sacramento Rehabilitation Hospital?

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 is behind this Trust?

Sacramento Rehabilitation Hospital at 10 Advantage Court, Sacramento, California — a neuro-rehabilitation hospital. California's Department of Health Care Access and Information records it as a general acute care hospital with 50 licensed beds and a facility status of Open. Bridgeview's fact sheet states the hospital opened in January 2023, and the sponsor reports 95% average occupancy as of December 31, 2024.

Who is the tenant, and what kind of lease is in place?

Bridgeview reports that Ernest Health leases the hospital under a 20-year absolute-net lease with two 10-year tenant renewal options, and its fact sheet dates the term through January 4, 2043. Absolute net means the tenant is responsible for taxes, insurance, and maintenance, so the Trust owns the building and collects rent. The lease document and the private placement memorandum control the binding terms.

Does the Trust carry a mortgage?

Bridgeview's launch announcement describes the offering as zero-debt, with investor equity funding the purchase, and its fact sheet reports a 0% loan-to-value ratio. The Form D filings name no lender and disclose no loan terms either way, while the classification carried on this record points the other direction. The loan section of the private placement memorandum is where to settle the question before committing exchange funds.

Is the Offering still open?

Yes. The Trust is raising, and the most recent Form D amendment, filed April 22, 2026, reported equity still remaining against a total offering amount of $77,667,582. A Form D is a dated snapshot rather than proof of today's balance, so confirm current availability with the sponsor or your representative before identifying this Trust on a 45-day list.

What is the minimum investment?

The Form D filings report a $50,000 minimum for the offering. Bridgeview's own materials list a $100,000 minimum for 1031 exchange investors and $50,000 for cash investors. The private placement memorandum and subscription documents state the binding minimums, and a sponsor may accept a lower amount at its discretion.

What is still unresolved in the public record?

Three things. No primary deed, title, or closing record establishing when the Trust acquired the hospital or at what price was located; a third-party deal aggregator lists a purchase price and cap rate, but that source disclaims verification. The leveraged classification on this record conflicts with the sponsor's zero-debt description. And no reviewed source reported an expansion, closure, refinancing, lease default, or rebrand at the property beyond the 2025 launch coverage and the April 22, 2026 SEC amendment.

Chapter 9

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