The Summit at Coates Run
Legal trust name BT Athens Student Housing DST
Offering size$37.7M
Asset typeMultifamily
LocationAthens, OH
FinancingLeveraged
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitYes
First filedMar 2, 2026
Last filedMar 2, 2026
Minimum$100k
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.
The Summit at Coates Run is an 856-bed, 239-unit Class A student housing community about one mile from Ohio University in Athens, Ohio. Built in 2009 and renovated in 2019, the fully furnished property uses a by-the-bed leasing model and was 92.98% occupied at the offering date. It is held by BT Athens Student Housing DST, sponsored by Baker Tilly (Baker 1031), and structured under Rule 506(c) with a designated 721 UPREIT exit and a Core-Plus strategy. As of the sponsor's June 27, 2026 materials, total capitalization was about $72.1 million, combining a $37.725 million equity raise with $34.375 million of senior debt.
Based on issuer-filed Form D notices through Mar 2, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$37,725,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$100,000
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First filedMar 2, 2026
Latest filingMar 2, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering
- Min investment
- $100,000
Financing
- Interest rate
- 5.72% fixed
- Loan term
- 10 years, interest-only for 10 years
Details
- Total offering
- $72,100,000
- Equity
- $37,725,000
- Debt
- $34,375,000
- Ltv
- 47.68% in-place
- Lender
- Old National Bank
- Year 1 dscr
- 2.04x
- Distributions
- 4.70% year 1 rising to 5.21% by year 10 (4.96% avg); 8.52% est. cap rate equivalent
- Structure
- 506(c), core-plus, ~2 yr est. hold, mandatory 721 UPREIT exit, ~19.58% total load
Sponsor-reported detailsProperty is in Athens, OHIO (Ohio University), not Athens, GA. Marketplace listing status 'Coming Soon / Under Review', 100% available as of 6/27/2026. Baker1031.com is a third-party marketplace; details are sponsor-reported.
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
Offering profile
SEC filings + cited sources
Property
The Summit at Coates Run is a Class A student housing community of 856 beds across 239 units, located approximately one mile from Ohio University in Athens, Ohio. It was built in 2009 and renovated in 2019, is fully furnished, and operates on a by-the-bed leasing model. Sponsor material reports occupancy of 92.98% at the offering date. 1
Financing
As of the sponsor's June 27, 2026 offering page, the trust carries a senior loan from Old National Bank of $34,375,000 at a fixed rate of 5.72% over a 10-year term with full 10-year interest-only payments. In-place loan-to-value is reported at 47.68%, with a projected Year-1 debt-service-coverage ratio of 2.04x. 1
Offering structure
The property is held through BT Athens Student Housing DST, sponsored by Baker Tilly (Baker 1031). As of the June 27, 2026 sponsor materials, total capitalization was about $72.1 million, comprising a $37.725 million equity raise and the $34.375 million senior loan. The offering is structured under Rule 506(c), applies a Core-Plus strategy, designates a mandatory 721 UPREIT exit, and lists a $100,000 minimum investment. The issuer filed a Form D on March 2, 2026 stating a total offering amount of $37,725,000. 12
Sources (2)
In the news
Frequently asked questions
Is The Summit at Coates Run currently active?
The Summit at Coates Run is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for The Summit at Coates Run?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.