Odyssey on Soltura
Multifamily property in Fort Myers, Florida · sponsored by Inland Private Capital
Odyssey on Soltura was a DST sponsored by Inland Private Capital that owned a multifamily property in Fort Myers, Florida. Its last Form D, filed Aug 29, 2024, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Aug 29, 2024, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $54,462,042Equity offered, per the Form D
- Sold
- 100%Form D, Aug 29, 2024; the % is our arithmetic
- Investors reported
- Form D, Aug 29, 2024148
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,302,502 · 7.9% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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: Odyssey on Soltura. Top1031 is not a broker-dealer.What did Odyssey on Soltura own?
Developed as Odyssey by Soltura, the community broke ground in 2021 on a roughly 12-acre site in Lee County and finished construction in 2022. 3 It welcomed its first tenants in July 2022 and was reported 25% leased that August. 4 Multi-Housing News reported, citing public records, that Soltura sold the property to Inland's DST in 2023. 5 Amenities include a resort pool, fitness center, dog park and co-working space.
- Property address
- 10131 Soltura Drive, Fort Myers, Florida
- Property size
- 129 units across 20 villa-style buildings and 89 free-standing residential homes
How was it financed, and what did it cost to sell?
Neither the Form D filings nor the sponsor announcements reviewed disclose a lender, loan amount, or loan-to-value, so whether the Trust's property carries mortgage debt is not established in the public record. The land purchase and construction cost reported for the original development belong to the developer, not to the Trust. 3
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $4,302,502 · 7.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,562,811 · 2.8% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs, and offering and organizational expenses that may accrue to one or more of the Related Persons.”
- Broker-dealers named in the Form D
- 25 named in the Form D
Show the firms
- AAG Capital, Inc. · CRD 188
- American Portfolios Financial Services, Inc. · CRD 18487
- Ameritas Investment Company, LLC · CRD 14869
- Arkadios Capital · CRD 282710
- Ausdal Financial Partners, Inc. · CRD 7995
- Avantax Investment Services, Inc. · CRD 13686
- Cambridge Investment Research, Inc. · CRD 39543
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- Crown Capital Securities, L.P. · CRD 6312
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- Independent Financial Group, LLC · CRD 7717
- Invicta Capital LLC · CRD 288101
- Lightpath Capital, Inc. · CRD 34617
- Nationwide Planning Associates Inc. · CRD 31029
- Osaic FA, Inc. · CRD 3978
- Osaic Institutions, Inc. · CRD 35371
- Osaic Wealth, Inc. · CRD 23131
- Peak Brokerage Services, LLC · CRD 157045
- RCX Capital Group, LLC · CRD 114290
- Realized Financial, Inc. · CRD 22333
- Securities America, Inc. · CRD 10205
- Stifel Nicolaus & Company, Incorporated · CRD 793
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 12, 2023
- 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 Odyssey on Soltura?
The Trust's Form D filings name Inland Private Capital Corporation as sponsor, Fort Myers BTR Exchange, L.L.C. as signatory trustee, and Fort Myers BTR, L.L.C. as depositor. 1 An Inland affiliate, Inland Residential Real Estate Services, LLC, handles day-to-day property management. 6 In news dated July 10, 2024, Inland reported achieving a 1.37x equity multiple for investors on the sale of a separate 296-unit multifamily property, also in Fort Myers.
- Sponsor
- Offerings on record
What does the SEC record show?
The issuer reported its date of first sale as October 12, 2023, about two weeks before the initial Form D reached EDGAR. 1 A steady series of amendments followed, each updating the amount sold and the investor count as the raise progressed. The exemption used bars general advertising, so the offering circulated through broker-dealers and advisers rather than public marketing.
- Legal Trust name
- Fort Myers BTR DST
- SEC CIK
- 1996391
- First Form D
- Oct 27, 2023
- Latest Form D
- Aug 29, 2024
- Filings on record
- 17
- 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 | $54,462,042 | $54,462,042+$531,550 | 148+2 | EDGAR | |
| Form D/A | $54,462,042 | $53,930,492+$2,784,314 | 146+5 | EDGAR | |
| Form D/A | $54,462,042 | $51,146,178+$386,945 | 141+2 | EDGAR | |
| Form D/A | $54,462,042 | $50,759,233+$2,366,212 | 139+5 | EDGAR | |
| Form D/A | $54,462,042 | $48,393,021+$1,401,231 | 134+4 | EDGAR | |
| Form D/A | $54,462,042 | $46,991,790+$6,666,990 | 130+16 | EDGAR | |
| Form D/A | $54,462,042 | $40,324,800+$3,594,297 | 114+14 | EDGAR | |
| Form D/A | $54,462,042 | $36,730,503+$7,067,096 | 100+12 | EDGAR | |
| Form D/A | $54,462,042 | $29,663,407+$5,691,290 | 88+17 | EDGAR | |
| Form D/A | $54,462,042 | $23,972,117+$4,193,673 | 71+13 | EDGAR | |
| Form D/A | $54,462,042 | $19,778,444+$3,593,900 | 58+11 | EDGAR | |
| Form D/A | $54,462,042 | $16,184,544+$4,676,942 | 47+12 | EDGAR | |
| Form D/A | $54,462,042 | $11,507,602+$2,991,483 | 35+7 | EDGAR | |
| Form D/A | $54,462,042 | $8,516,119+$3,891,868 | 28+10 | EDGAR | |
| Form D/A | $54,462,042 | $4,624,251+$1,310,546 | 18+6 | EDGAR | |
| Form D/A | $54,462,042 | $3,313,705+$2,501,463 | 12+9 | EDGAR | |
| Form D | $54,462,042 | $812,242 | 3 | EDGAR |
Show all 17 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 Odyssey on Soltura?
- Odyssey on Soltura is a Historical offering. The last Form D, filed Aug 29, 2024, reports the offering fully sold.
- What does the Trust actually own?
- A single asset: Odyssey on Soltura, a newly constructed Class A build-to-rent single-family rental community at 10131 Soltura Drive in Fort Myers, Florida (Lee County), made up of villa-style buildings and free-standing homes with fenced backyards, plus a resort pool, fitness center, dog park and co-working space.
- What does "build-to-rent" mean in practice?
- Build-to-rent (BTR) means the homes were purpose-built as rentals rather than for sale, then operated as one professionally managed community. Residents get detached or villa-style houses with private yards; the owner gets multifamily-style centralized management and amenities. Leases are with individual residents, so income depends on occupancy and rents rather than one corporate tenant's credit.
- Is there a mortgage on the property?
- The public record reviewed does not say. Form D filings do not report debt, and Inland's announcements about this Trust do not name a lender, loan balance, loan-to-value, or maturity. An investor or their adviser would find those terms in the offering documents.
- Could this Trust convert into a REIT?
- The record shows no 721/UPREIT feature — an exit in which DST interests are contributed to a REIT's operating partnership in exchange for OP units instead of a cash sale. Nothing in the reviewed filings or sponsor materials indicates that route for this Trust.
In the news
Sources
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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.