Lost Creek Resort at Lakewood Ranch
Multifamily property in Bradenton, FL · sponsored by Inland Private Capital
Lost Creek Resort at Lakewood Ranch was a DST sponsored by Inland Private Capital that owned a multifamily property in Bradenton, FL. Its last Form D, filed Jun 4, 2013, reports the offering fully sold.
How it ended
Sold, result reported by the sponsor
The last Form D, filed Jun 4, 2013, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $22,450,085Equity offered, per the Form D
- Sold
- 100%Form D, Jun 4, 2013; the % is our arithmetic
- Investors reported
- Form D, Jun 4, 2013115
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,571,506 · 7.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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 →
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Ask a 1031 specialist about this recordFree. About: Lost Creek Resort at Lakewood Ranch. Top1031 is not a broker-dealer.What did the Trust own?
The apartment community sits at 11140 Lost Creek Terrace in the Lakewood Ranch area of Bradenton, Florida, and Inland Private Capital said it purchased the property in 2012. 1 The Sarasota Herald-Tribune reported that an Inland affiliate bought the then newly built complex from its developer for $39.25 million. 2 The two accounts differ on scale, the newspaper counting 264 units on 24 acres. 2
- Reported location
- Bradenton, FL
- Property size
- 272 apartment units; approximately 300,000 square feet on 23 acres
How was it financed, and what did it cost to sell?
Neither the Form D record nor the sponsor's sale announcement states whether this Trust carried property-level mortgage debt, so the public record does not settle its financing. In a leveraged DST any such loan sits at the property, non-recourse to individual investors.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,571,506 · 7.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,336,835 · 10.4% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 28 named in the Form D
Show the firms
- Allied Beacon Partners, Inc. · CRD 46227
- Ameriprise Financial Services, LLC · CRD 6363
- Centaurus Financial, Inc. · CRD 30833
- Colorado Financial Service Corporation · CRD 104343
- Concorde Investment Services, LLC · CRD 151604
- Concourse Financial Group Securities, Inc. · CRD 15708
- DFPG Investments, LLC · CRD 155576
- Financial West Group · CRD 16668
- G.A. Repple & Company · CRD 17486
- Huntwicke Securities, LLC · CRD 146993
- Inland Securities Corporation · CRD 15807
- Investacorp, Inc. · CRD 7684
- J.P. Turner & Company, L.L.C. · CRD 43177
- JRL Capital Corporation · CRD 10225
- Kovack Securities Inc. · CRD 44848
- Madison Avenue Securities, LLC · CRD 23224
- McDermott Investment Services, LLC · CRD 154926
- Osaic FA, Inc. · CRD 3978
- Osaic FS, Inc. · CRD 3870
- Osaic Wealth, Inc. · CRD 23131
- Prime Capital Services, Inc. · CRD 18334
- Primex · CRD 29394
- Sagepoint Financial, Inc. · CRD 133763
- Sandlapper Securities, LLC · CRD 137906
- Securities America, Inc. · CRD 10205
- Sterling Enterprises Group, Inc. · CRD 44915
- VSR Financial Services, Inc. · CRD 14503
- Woodbury Financial Services, Inc. · CRD 421
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 24, 2012
- Minimum investment
- $25,000
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.
Who's behind the Trust?
Inland Private Capital is the 1031-exchange sponsor behind this Trust; the Form D names it alongside Bradenton Multifamily, L.L.C. and Bradenton Multifamily Exchange, L.L.C. as related persons and promoters of the offering. 3 IPC announced the completed sale itself and, in that release, reported a 152.49 percent total return and an 11.26 percent average annualized return to investors. 1
- Sponsor
- Offerings on record
What does the SEC record show?
A single offering notice was followed by a run of amendments, each updating the amount sold rather than changing terms; the timeline below carries every date. The Trust reported its first sale on October 24, 2012. 3 Interests were sold under a private-placement exemption that bars public advertising and limits buyers to accredited investors.
- Legal Trust name
- Bradenton Multifamily DST
- SEC CIK
- 1561230
- First Form D
- Nov 2, 2012
- Latest Form D
- Jun 4, 2013
- Filings on record
- 13
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $22,450,085 | $22,450,085+$32,740 | 115+1 | EDGAR | |
| Form D/A | $22,450,085 | $22,417,345+$87,834 | 114+1 | EDGAR | |
| Form D/A | $22,450,085 | $22,329,511+$339,887 | 113+3 | EDGAR | |
| Form D/A | $22,450,085 | $21,989,624+$970,000 | 110+4 | EDGAR | |
| Form D/A | $22,450,085 | $21,019,624+$2,712,303 | 106+7 | EDGAR | |
| Form D/A | $22,450,085 | $18,307,321+$4,654,902 | 99+17 | EDGAR | |
| Form D/A | $22,450,085 | $13,652,419+$3,013,919 | 82+15 | EDGAR | |
| Form D (new notice) | $22,450,085 | $10,638,500 | 67 | EDGAR | |
| Form D/A | $22,450,085 | $8,855,421+$6,247,741 | 53+33 | EDGAR | |
| Form D/A | $22,450,085 | $2,607,680+$701,561 | 20+6 | EDGAR | |
| Form D/A | $22,450,085 | $1,906,119+$469,500 | 14+3 | EDGAR | |
| Form D/A | $22,450,085 | $1,436,619+$1,099,369 | 11+6 | EDGAR | |
| Form D | $22,450,085 | $337,250 | 5 | EDGAR |
Show all 13 SEC Form D filings
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
- What happened to Lost Creek Resort at Lakewood Ranch?
- Lost Creek Resort at Lakewood Ranch is a Historical offering. The last Form D, filed Jun 4, 2013, reports the offering fully sold.
- Was an outcome reported for investors?
- Yes, by the sponsor. Inland Private Capital's sale announcement reported a 152.49 percent total return and an 11.26 percent average annualized return to investors. Those are sponsor-reported figures; the Form D filings do not corroborate them, and results varied by when an investor subscribed.
- How much debt did the Trust use?
- The public record does not say. The Form D filings on file do not disclose property-level debt or leverage for this Trust. A separate loan reported around the 2017 closing was the buyer's acquisition financing, not the Trust's. The offering documents and closing documents are where a buyer would confirm this.
- Why do sources disagree on the size of the property?
- Inland Private Capital described roughly 23 acres and 272 units (92 one-bedroom, 124 two-bedroom, 56 three-bedroom), while the Sarasota Herald-Tribune reported 264 units on 24 acres. Both figures appear in published sources and were never reconciled publicly.
In the news
Sources
Show sources (8)Hide sources (8)
These links support the record as a whole; individual details may come from different sources.
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.