Coronado on Briarwood
Legal trust name Olympus Coronado DST
Offering size$41.3M
Asset typeMultifamily
LocationMidland, TX
FinancingLeveraged
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJan 7, 2026
Last filedJan 7, 2026
Minimum$25k
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.
Coronado on Briarwood is a 384-unit, Class A garden-style multifamily community at 6000 Briarwood Avenue in Midland, Texas, built in 2020 on about 17.84 acres across 18 three-story buildings totaling roughly 340,476 rentable square feet. It backs the Olympus Coronado DST, sponsored by Fort Worth–based Olympus Property. An Olympus affiliate acquired the property for $76 million, about $198,000 per unit, capitalized with $41.32 million of equity and $42.24 million of Berkadia Fannie Mae DUS financing fixed at 5.05%, interest-only through a December 2032 maturity. Olympus has managed the asset on a third-party basis since 2023.
$41.32M equity of $83.56M cap; $42.24M debt 5.05% IO 7yr; LTV ~50.55%; ~$198k/unit basis; 506(c)
384 units / 340,476 SFBased on issuer-filed Form D notices through Jan 7, 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$41,320,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$25,000
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First filedJan 7, 2026
Latest filingJan 7, 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 profile
SEC filings + cited sources
Property and structure
Coronado on Briarwood is a 384-unit Class A garden-style multifamily community at 6000 Briarwood Avenue in Midland, Texas, built in 2020 on a 17.84-acre site with 340,476 rentable square feet across 18 three-story residential buildings 2. The asset is held in the Olympus Coronado DST, offered under Regulation D Rule 506(c) 2.
Acquisition and capitalization
An Olympus Property affiliate acquired the community for $76,000,000, approximately $198,000 per unit, and placed it into the trust 1. Total capitalization is $83.6 million, comprising a $41.32 million equity raise and $42.24 million of senior debt from Berkadia Commercial Mortgage LLC under the Fannie Mae DUS program, fixed at 5.05% and interest-only for the full seven-year term maturing December 1, 2032 1. The sponsor reports an in-place loan-to-value of 50.55% and a Year-1 debt-service-coverage ratio of 2.29x 1. The structure includes an optional Section 721 exchange into an affiliated Olympus Exchange Entity at disposition 1.
Sponsor and operator
The sponsor, Olympus Property, was founded in 1992 and is headquartered in Fort Worth, Texas 2. Olympus reports ownership, management, or development of 137 properties totaling roughly 36,000 units nationwide, with 54 realized full-cycle investments and, since inception, a reported 30.65% average deal-level IRR and 3.06x average equity multiple 2. Olympus states it has managed Coronado on Briarwood on a third-party basis since 2023 before acquiring it for the DST 2.
Offering status
The issuer filed a Form D notice for the exempt offering on January 7, 2026, reporting a $41,320,000 total offering amount and $0 sold as of that filing date 3. A Form D is a notice of an exempt offering and does not itself establish that the offering is presently open or available.
In the news
Frequently asked questions
Is Coronado on Briarwood currently active?
Coronado on Briarwood 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 Coronado on Briarwood?
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.