Odyssey on Soltura
Multifamily property in Fort Myers, Florida — sponsored by Inland Private Capital
Files with the SEC as Fort Myers BTR DST
Minimum investment
$25k
Offering size
$54.5M
How much has sold
100.0%
Asset type
Multifamily property
Location
Fort Myers, Florida
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Fort Myers BTR DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests qualify for 1031 exchange treatment — sponsored by Inland Private Capital.1 It owns Odyssey on Soltura, a newly constructed Class A build-to-rent single-family rental community in Fort Myers, Florida.2 The offering was fully subscribed and announced as closed in August 2024, so it is now Historical: closed to new investors.2
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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?
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
Who is the tenant, and what's the lease?
This is a rental community, so no single corporate tenant stands behind the income — residents lease individual homes and villas. Inland Residential Real Estate Services, LLC manages the property.6 The public record reviewed does not name a master tenant or disclose master-lease terms.
How did it end?
Closed to new investment · still operating
No full-cycle or disposition announcement located; the DST raised ~$54M for the Odyssey on Soltura property by August 2024 (Multi-Housing News, Aug 12 2024) and a March 27, 2025 White Law Group investor alert still discusses the offering as an outstanding 1031-exchange investment.
Class A, 129-unit single-family build-to-rent community in Fort Myers, FL (Lee County). $54M+ DST offering fully subscribed; 20 villa-style buildings plus 89 free-standing homes with fenced backyards, resort pool, fitness center, dog park, co-working space.
129 units across 20 villa-style buildings and 89 free-standing residential homesSupporting evidence
Counted on Inland Private Capital’s Record Card as: Still operating Document
How is it financed, and what does it pay?
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
Who's behind it?
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
- Inland Private Capital
- Legal Trust name
- Fort Myers BTR 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?
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.
- 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
- 17
- 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 Odyssey on Soltura?
Top1031 lists Odyssey on Soltura as historical. It is no longer raising money.
Where does Top1031 get the data for Odyssey on Soltura?
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 this Trust?
No. Inland announced on August 7, 2024 that the Fort Myers BTR DST offering was fully subscribed and closed, and the final Form D amendment was filed on August 29, 2024. The Trust is Historical — closed to new investors. Interests in closed DSTs occasionally change hands privately, but there is no active offering here.
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 private placement memorandum (PPM), the offering document delivered to accredited investors.
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.
Has the property been sold or refinanced since the raise closed?
Not as far as the reviewed public record shows. No disposition, refinancing, or other material property event has been reported since Inland's August 2024 full-subscription announcement, and no outcome has been reported for this Trust as of September 3, 2026.
Chapter 9Inland-Sponsored DST Raises $54M for Florida BTR PropertyTrade-press coverage confirming Inland Private Capital Corp.'s fully-subscribed $54M+ Fort Myers BTR DST (Odyssey on Soltura). Inland Fully Subscribes $54 Million Build-to-Rent DSTSponsor announces it has fully subscribed the Fort Myers BTR DST, which owns Odyssey on Soltura — a newly constructed Class A, build-to-rent single-family rental community at 10131 Soltura Drive, Fort Myers, FL — having raised $54 million in equity.