Coronado on Briarwood
Multifamily property in Midland, TX · sponsored by Olympus Property
Active offeringLatest Form D filed Jan 7, 2026 (opens in a new tab)
Coronado on Briarwood is a DST sponsored by Olympus Property that owns a multifamily property in Midland, TX (384 units). Its latest Form D, filed Jan 7, 2026, lists a $41.3 million offering with a $25,000 minimum.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $41,320,000Equity offered, per the Form D
- Sold so far
- None reported as of Jan 7, 2026Form D, Jan 7, 2026
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,615,500 · 8.7% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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 →
Sales so far
- Latest Form D
- Jan 7, 2026 · 1 filing
No sales reported in a Form D amendment yet. Latest notice Jan 7, 2026.
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Ask a 1031 specialist about this recordFree. About: Coronado on Briarwood. Top1031 is not a broker-dealer.Coronado on Briarwood · Midland, TX · Photo: irp.cdn-website.com
What does Coronado on Briarwood own?
Coronado on Briarwood was completed in 2020 — 18 three-story buildings spread across 17.84 acres. 3 The trust's memorandum says it acquired the property on November 7, 2025 from unaffiliated seller CRP/SCP Briarwood Owner, L.P. for $76 million. 1 That same document reports roughly 93.0% occupancy on an August 27, 2025 rent roll, a dated reading rather than a current one. 1 Olympus says it had managed the community for the prior owner since 2023. 2
- Property address
- 6000 Briarwood Ave., Midland, TX
- Property size
- 384 units; 340,476 rentable square feet
How is it financed, and what did it cost to sell?
The property carries mortgage debt rather than being owned free and clear, so the lender's claim sits ahead of investors. The memorandum names Berkadia Commercial Mortgage LLC as the acquisition lender under Fannie Mae's DUS program, and describes a fixed-rate loan that pays interest only, leaving the full principal due as a balloon payment at maturity. 1
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,615,500 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $7,141,468 · 17.2% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- ARKap Markets, LLC · CRD 326313
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- 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 Coronado on Briarwood?
Olympus Property sponsors the trust and is also the operator on the ground: the memorandum says the master tenant engaged Olympus Multifamily Management LLC, doing business as Olympus Property, to run daily operations. 1 The firm announced the offering to accredited investors — those meeting SEC income or net-worth tests — on March 18, 2026. 3 It reported the trust fully subscribed on September 23, 2026. 2 Trade outlet AltsWire carried the same outcome on September 21, 2026. 4
- Sponsor
- Offerings on record
What does the SEC record show?
The trust filed a single notice of an exempt offering with the SEC and has never amended it, so its figures speak as of that filing date rather than today — months before the sponsor's subscription statement. The exemption claimed permits general advertising, provided the sponsor verifies that each buyer is accredited.
- Legal Trust name
- Olympus Coronado DST
- SEC CIK
- 2103723
- First Form D
- Jan 7, 2026
- Latest Form D
- Jan 7, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $41,320,000 | $0 | EDGAR |
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
- Is Coronado on Briarwood an active offering?
- Coronado on Briarwood is an Active offering: its latest Form D was filed Jan 7, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What property backs this DST?
- Coronado on Briarwood, a 384-unit Class A garden-style apartment community at 6000 Briarwood Avenue in Midland, Texas, with 340,476 rentable square feet. The sponsor describes it as completed in 2020, built as 18 three-story buildings on 17.84 acres. The trust's offering documents identify this community as the trust's sole real-estate project and report approximately 93.0% occupancy on an August 27, 2025 rent roll. That occupancy reading is more than a year old and is not a current figure.
- Has the trust already bought the property?
- Yes, according to the memorandum. It states the trust acquired Coronado on Briarwood on November 7, 2025 from unaffiliated seller CRP/SCP Briarwood Owner, L.P. for $76,000,000 — about two months before the Form D notice reached the SEC on January 7, 2026. Olympus separately says it had already been managing the community for its prior owner in a third-party capacity since 2023. Closing documents and the offering documents control on title, purchase price, and any post-closing adjustments.
- How is the deal financed?
- The memorandum describes a $42,240,000 acquisition loan from Berkadia Commercial Mortgage LLC under the Fannie Mae DUS program, fixed at 5.05% and interest-only through its December 1, 2032 maturity, when a balloon payment of the full principal comes due. One nuance worth noting: the sponsor's roughly 50.55% leverage figure is measured against an $83.56 million total capitalization, not against the $76 million paid for the real estate itself.
- Who runs the apartments day to day?
- The trust leases the entire property to Olympus Coronado Master Tenant LLC, an affiliate, under a master lease commencing November 7, 2025, and that master tenant subleases apartments to residents. The master tenant contracted with Olympus Multifamily Management LLC, doing business as Olympus Property, to handle day-to-day operations. The memorandum is explicit that the master lease is not triple-net — the master tenant bears operations and maintenance, while the trust stays responsible for loan debt service and specified trust obligations.
In the news
Sources
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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.