Tradewinds Apartments
Class A garden-style multifamily property in Midland, TX — sponsored by Olympus Property
Files with the SEC as Olympus Tradewinds DST
Minimum investment
$25k
Offering size
$21.1M
How much has sold
None sold yet
Asset type
Class A garden-style multifamily property
Location
Midland, TX
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Olympus Tradewinds DST is a Delaware statutory trust — passive fractional ownership of one property that can serve as 1031 exchange replacement property — holding Tradewinds Apartments, a 214-unit Class A garden-style community in Midland, Texas.1 Olympus Property announced the offering on November 7, 2025, after first buying the asset onto its own balance sheet.2 The property is master-leased to an Olympus affiliate, which also manages it.1
LTV 47.4%; min $250k; 7-yr Fannie Mae 4.95% IO loan; modeled 6% yr-1 cash-on-cash; DST equity $21.107M
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These links support the public record as a whole; 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?
Baker 1031's offering page describes a community built in 2013: roughly 192,882 rentable square feet in ten three-story buildings on about 10.35 acres, with one-, two- and three-bedroom floorplans averaging 901 square feet.1 The same page reports an acquisition price of $34,250,000 and occupancy of approximately 90.65% as of September 2025, without stating an acquisition date.1 Olympus Property said it first took the asset onto its own balance sheet.2
- Property address
- 1808 Tradewinds Blvd, Midland, TX
- Property size
- 214 units
Who is the tenant, and what's the lease?
Baker 1031 reports the property is master-leased to an Olympus affiliate, with Olympus Property managing the community day to day.1 A master lease means the Trust collects rent from one affiliate tenant rather than from residents directly — though that money ultimately comes from hundreds of short apartment leases.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Baker 1031 reports a $19,021,000 Fannie Mae DUS-program loan arranged through Berkadia Commercial Mortgage, fixed-rate and interest-only.1 Interest-only means nothing amortizes: the full balance stands at maturity, to be refinanced or repaid out of a sale. Leveraged means that debt sits ahead of investor equity.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Loan-to-value
- 47.4%olympuscapitalrealestate.com
Who's behind it?
Olympus Property is a multifamily investment and management firm that both sponsors this Trust and manages Tradewinds Apartments itself, so the operator is an affiliate rather than an outside party.1 The sponsor presented the November 7, 2025 launch as its debut Delaware statutory trust offering.2 Multifamily Affordable Housing reported on July 26, 2026 that Olympus acquired Ascend by the Sea, a 216-unit Class A community in Millville, Delaware, its move into the Mid-Atlantic.
- Sponsor
- Olympus Property
- Legal Trust name
- Olympus Tradewinds DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 2 total offerings from Olympus Property
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The SEC file holds a single Form D notice with no amendment, so the public record still reflects the offering exactly as first noticed. It is offered under the general-solicitation exemption, which permits public advertising but limits purchasers to accredited investors — those meeting SEC income or net-worth tests — whose status the sponsor must verify.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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
Is Tradewinds Apartments still raising money?
Top1031 lists Tradewinds Apartments as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Tradewinds Apartments?
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.
What does owning an interest in this Trust actually get me?
A beneficial interest in Olympus Tradewinds DST, a Delaware statutory trust that owns Tradewinds Apartments in Midland, Texas. The trustee holds title; you have no management role and no vote on operations. Interests in a DST can qualify as replacement property in a 1031 exchange, which is why exchange buyers use them. Your outcome tracks one 214-unit apartment property in a single Texas submarket.
Who is the tenant, and is there a master lease?
There is no corporate credit tenant — residents hold short apartment leases. Baker 1031's offering page reports that the property is master-leased to an Olympus affiliate, with Olympus Property serving as manager.[1] Under that structure the Trust's income arrives contractually from the master tenant rather than from residents directly. The PPM — the binding private placement memorandum — sets the actual terms, including what happens if the master tenant underperforms.
Why do published minimum investment amounts differ?
The Form D filed with the SEC reports a $25,000 minimum subscription, while Olympus's own DST page, as located on August 28, 2026, lists a $250,000 minimum for Tradewinds Apartments.[3] Both figures circulate because nothing in the public record reconciles them; sponsors sometimes set a higher practical minimum than the legal floor reported to the SEC. The PPM controls, so confirm the minimum there before committing exchange funds.
Is this Trust still open to new investors?
The SEC file contains one Form D, filed December 10, 2025, with no amendment on record. Olympus's sponsor page still carried Tradewinds Apartments as a DST offering when it was located on August 28, 2026.[3] A sponsor web page is not a filing and availability labels across sites are not always current, so confirm status with the sponsor or your broker-dealer before naming this Trust as replacement property.
How is an apartment DST different from a net-lease DST?
A net-lease DST depends on one corporate tenant's credit and a long contractual lease term. An apartment property depends on hundreds of short residential leases, so cash flow tracks local occupancy, rent growth and operating expenses month to month. Baker 1031 reports occupancy of approximately 90.65% as of September 2025, against historical occupancy in the mid-90% range.[1]
What concentration risk does this Trust carry?
Everything rests on one asset in one submarket: a single 214-unit community in Midland, Texas. There is also related-party concentration, since Baker 1031 reports that both the master tenant and the property manager are Olympus affiliates.[1] The Trust is not structured to convert into REIT shares through a 721/UPREIT exit — a swap of property interests for operating-partnership units — so a sale of the property is the expected liquidity path.
Chapter 9Olympus Property Debuts Texas $21 Million Multifamily DSTOlympus Property launched the Olympus Tradewinds DST, a $21.1M offering backed by the Class A garden-style Tradewinds multifamily community in Midland, TX, financed with a 7-year Fannie Mae 4.95% IO loan at 47.4% LTV and modeled to deliver 6% year-1 cash-on-cash.