Executive Summary

The trust is seeking $70,771,625 in total offering equity with no third-party debt component. The initial offering term is 12 months from the initial sale of an interest, subject to sponsor discretion to extend for up to two additional six-month periods.

The offering encompasses a 132-unit senior living facility located in Monument, Colorado, acquired for $60,800,000. It is capitalized entirely with $70,771,625 in equity, maintaining a 0% LTV structure with no debt. The entry yield is highlighted by a 7.53% acquisition cap rate, while full-term average income is projected at 4.48%.

The primary strength of the offering is its completely debt-free structure with 0% LTV, which removes interest rate volatility and maturity risk. The property was acquired at an attractive 7.53% acquisition cap rate. Additionally, Inland brings institutional stability with over 55 years of real estate experience and $13.1B in assets under management.

Total proceeds from the $70,771,625 equity raise fund the $60,800,000 acquisition price ($61,699,022 total acquisition cost with reserves). Offering expenditures total $30,813,544, comprising $20,602,794 in dealer fees, $10,210,750 in organizational and offering expenses, and $1,031 in finance expenses.

Investors face single-asset and single-submarket operational risk inherent in senior housing properties. Upfront fees and offering expenses are substantial, totaling $30,813,544. Cash flow distributions depend on master tenant performance, generating $9,916,263 in master tenant income to support the projected 4.48% full-term average return.

The offering exhibits an average full-term projected income of 4.48% against an acquisition cap rate of 7.53%. Total offering expenses of $30,813,544 represent a meaningful percentage of capital, with upfront fees relative to acquisition cost calculated at 9.15%. Total acquisition cost with reserves is established at $61,699,022.