Spotlight: Olympus Property and Its Delaware Statutory Trust and Private REIT Platform

The Fort Worth apartment owner-operator entered the retail wealth channel in February 2024, and its affiliate now runs a Regulation D shelf spanning DSTs, a perpetual-life private REIT, and a preferred equity series.

August 31, 2026

Olympus Property owns and operates Class A apartment communities from Fort Worth, Texas, and since February 2024 has sold securities into the retail wealth channel through an affiliate, Olympus Capital Real Estate LLC. That affiliate offers Delaware statutory trusts, a perpetual-life private REIT, and a preferred equity series to broker-dealers, RIAs, and family offices. Before it, Olympus raised equity from private high-net-worth clients and institutional partners. The retail platform launched publicly in September 2025.

The operating company dates to 1992, when Chandler Wonderly founded it in Bakersfield, California, with two properties; he remains founder and principal, and Wade Madden has been chief executive officer since January 2024. In an April 2026 release the firm reported a portfolio valued at approximately $10 billion and more than 39,000 units across 18 states, and said it has self-managed its properties for nearly 35 years. Olympus Capital Real Estate publishes a deal-level track record for the sponsor: 59 or more full-cycle events, an average internal rate of return of 30.78 percent, and an average equity multiple of 3.05. The firm qualifies the IRR as a gross deal-level average spanning stabilized and development deals since inception, calculated as an XIRR, so it is neither net of fees nor an investor-level figure. None of the three carries an as-of date.

The private REIT

Olympus Property REIT is a perpetual-life non-traded private REIT offered under Rule 506(c) to accredited investors, with an initial offering size of $200 million. Its initial portfolio is six assets holding more than 1,624 units at an average vintage of 2021, spread from West Hollywood to Savannah, with equity of $196 million of which the REIT’s own interest is $12.8 million, so the REIT co-invests alongside Olympus’s other capital rather than owning the assets outright. Named holdings include Aiya in Gilbert, Arizona, a 360-unit community bought in September 2023, and Olympus Preserve at Town Center in Jacksonville, 370 units acquired in July 2023.

The published terms are an 8 percent preferred return followed by an 80/20 investor and advisor split above the hurdle, subject to a high-water mark. Distributions and NAV are both quarterly. The minimum investment is $50,000, which the REIT can waive at its discretion. Shares are illiquid for the first 12 months and redeemable quarterly thereafter at NAV, capped at 5 percent of the fund per quarter. Tax reporting is a K-1 for the initial year and a 1099-DIV thereafter. Securities are offered through ARKAP Markets, which the firm states is not an affiliate. As of reporting in September 2025 the REIT had raised $7.9 million in investor equity.

DSTs and preferred equity

The DST shelf is two Class A multifamily programs, both in Midland, Texas, both under Rule 506(c), and both carrying a $250,000 minimum: Tradewinds Apartments, 166 units, with $21.1 million in DST equity at 47.40 percent loan-to-value, and Coronado on Briarwood, 184 units, with $41.3 million in DST equity at 50.55 percent.

The Olympus Institutional Access Fund is a preferred equity Series LLC. Series A closed in June 2025 having raised $15 million, and Series B launched in October 2024 against a $20 million target; both offered accredited investors 9.25 percent annualized income over a two-year term, backed by guarantees from the sponsor and its founder according to the company. Series C, listed as coming, targets 8 percent annualized paid monthly over 24 months. The firm describes that income as supported by rental operations, syndication activity, and Olympus’s own property management and REIT businesses, which places sponsor fee revenue behind the preferred alongside property cash flow. A Regulation A+ offering for non-accredited investors and a growth fund are both listed, described in conditional terms rather than as defined programs. Across its three Regulation D offerings the platform had raised roughly $30 million as of September 2025.

On the operating side, Olympus acquired Ascend by the Sea in April 2026, a newly built 216-unit community in Millville, Delaware, along the state’s beaches corridor. It is the firm’s first asset in the Mid-Atlantic, in a submarket where Olympus notes Sussex County population growth above 40 percent since 2010.