NuCare BlaineOther·Blaine, MNSEC filing, Nov 18, 2025
$3.5M
$1.9M
54%Filed Nov 18, 2025
Chapter 4
Who is behind this record?
NuCare (LPT REIT) is the Delaware Statutory Trust sponsor identity associated with NAI Legacy's Legacy Property Trust platform and its two Minnesota senior-housing programs, NuCare Blaine DST and NuCare SLP DST, both first filed in 2025. Each trust holds an assisted-living and memory-care community: a 2005-built, 31-unit building of roughly 20,435 square feet at 10669 Ulysses St NE in Blaine, and a 2013-built, 28-unit building of roughly 20,975 square feet at 7115 Wayzata Blvd in St. Louis Park. NAI Legacy stated total offerings of $6,229,886 for the Blaine trust and $5,995,405 for the St. Louis Park trust, and listed both as offering-closed programs on July 13, 2026.
NAI Legacy presents the Legacy DST program as boutique, customized Delaware Statutory Trust solutions, with the NuCare offerings giving accredited investors beneficial interests in senior-housing real estate through a passive ownership structure1. On February 3, 2026, the firm announced the launch of Legacy Property Trust, also known as The Retirement REIT, describing it as a purpose-built real estate investment vehicle for legacy property owners repositioning concentrated real-estate holdings and structuring it around a section 721 UPREIT consolidation strategy in which owners contribute holdings to operating partnerships in exchange for partnership units and transition on a tax-deferred basis into a diversified, professionally managed portfolio. NAI Legacy is described as an independently owned and operated member of NAI Global and an affiliated advisory firm to Legacy Property Trust2.
Minnesota senior-housing trusts
NuCare Blaine DST is described as an assisted-living and memory-care community at 10669 Ulysses St NE in Blaine, Minnesota, constructed in 2005 with approximately 20,435 square feet across 31 residential units. NAI Legacy states a $6,229,886 total offering comprising $3,529,886 of equity and $2,700,000 of debt, at a 43.34% stated loan-to-value ratio3.
NuCare SLP DST is described as an assisted-living and memory-care community at 7115 Wayzata Blvd in St. Louis Park, Minnesota, constructed in 2013 with approximately 20,975 square feet across 28 residential units. NAI Legacy states a $5,995,405 total offering comprising $3,535,405 of equity and $2,460,000 of debt, at a 41.03% stated loan-to-value ratio4.
Both trusts made their first SEC filings in 2025 under separate filer identifiers5. On July 13, 2026, the sponsor's Legacy Exchange Program page listed NuCare Blaine DST and NuCare SLP DST among its offering-closed programs1.
Inside NuCare Senior Living's Rapid Growth, 'Boutique' High-Acuity ModelNuCare Senior Living (operator of NuCare Blaine) expanded its portfolio to 21 communities and announced plans to enter Minnesota and Florida; included as late-2025 operator-level context for the property underlying NuCare Blaine DST.
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