Lost Creek Resort at Lakewood Ranch
Multifamily property — sponsored by Inland Private Capital
Files with the SEC as Bradenton Multifamily DST
Minimum investment
$25k
Offering size
$22.5M
How much has sold
100.0%
Asset type
Multifamily property
Location
Not stated
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Bradenton Multifamily DST was Inland Private Capital's Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — owning Lost Creek Resorts at Lakewood Ranch Apartments in Bradenton, Florida. It raised from accredited investors across 2012 and 2013, closed fully subscribed, and went full cycle when Inland announced a June 12, 2017 sale for $50.5 million.1
Show sources (8)Hide sources (8)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
- Property size
- 272 apartment units; approximately 300,000 square feet on 23 acres
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income came from residents on individual apartment leases, so occupancy rather than one credit drove cash flow. Inland Private Capital reported the property was 100 percent leased as of May 31, 2017.1
How did it end?
Sold after 4.7 years; sponsor reported 152% total return
Listed as a completed/full-cycle program on Inland Private Capital's published track record.
The offering memorandum describes a 23.7928-acre multifamily property with 23 buildings and 272 apartments (92 one-bedroom, 124 two-bedroom, and 56 three-bedroom units); IPC's 2017 release says it was 100% leased as of May 31, 2017.
272 apartment units; approximately 300,000 square feet on 23 acres152.5%Total return · as reported by the sponsor
11.3%Annualized return · as reported by the sponsor
$50,500,000Sale price · as reported by the sponsor
Supporting evidence
How is it financed, and what does it pay?
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.
Who's behind it?
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 No later sponsor development bearing on this Trust surfaced in research through August 18, 2026.
- Sponsor
- Inland Private Capital
- Legal Trust name
- Bradenton Multifamily DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 13
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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.
Common questions
What happened to Lost Creek Resort at Lakewood Ranch?
Top1031 lists Lost Creek Resort at Lakewood Ranch as historical. It is no longer raising money.
Where does Top1031 get the data for Lost Creek Resort at Lakewood Ranch?
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.
Can I still invest in Bradenton Multifamily DST?
No. The offering is Historical — closed to new investors and fully subscribed — and Inland Private Capital announced on June 12, 2017 that the underlying apartment community had been sold, completing the investment cycle.
What property did the Trust own, and what happened to it?
It owned Lost Creek Resorts at Lakewood Ranch Apartments at 11140 Lost Creek Terrace in Bradenton, Florida. Inland Private Capital reported a June 12, 2017 sale for a gross price of $50.5 million; the Sarasota Herald-Tribune reported the buyer as Continental Properties.
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 PPM 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.
What does Rule 506(b) mean for how this was sold?
It is the private-placement exemption most DSTs use: no general advertising or public solicitation, and purchasers are accredited investors who meet SEC income or net-worth tests, typically introduced through a broker-dealer or registered representative.
Chapter 9Inland Private Capital Corporation Completes Sale of Lost Creek Resorts at Lakewood Ranch Apartments in Bradenton, FloridaIPC reported the completed sale of the 272-unit Lost Creek Resorts at Lakewood Ranch Apartments for a gross sale price of $50.5 million and identified Bradenton Multifamily DST as the offering.