Coronado on Briarwood
Multifamily (Class A garden-style, built 2020) property in Midland, Texas — sponsored by Olympus Property
Files with the SEC as Olympus Coronado DST
Minimum investment
$25k
Offering size
$41.3M
How much has sold
None sold yet
Asset type
Multifamily (Class A garden-style, built 2020) property
Location
Midland, Texas
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Coronado on Briarwood is a 384-unit Class A garden-style apartment community in Midland, Texas, held in a Delaware statutory trust (DST) — a structure that lets 1031 exchangers own fractional interests in a single property. Baker 1031's offering page reports the November 2025 purchase from an unaffiliated seller for $76,000,000.1 Olympus Property is raising equity from verified accredited investors.
$41.32M equity of $83.56M cap; $42.24M debt 5.05% IO 7yr; LTV ~50.55%; ~$198k/unit basis; 506(c)
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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 says the community was completed in 2020 on about 17.84 acres across 18 three-story buildings.1 Olympus Property had managed it for a third-party owner since 2023 before it was acquired for the Trust.2 Baker 1031 reports the November 2025 purchase from an unaffiliated seller for $76,000,000, and occupancy of roughly 93% at underwriting.1
- Property address
- 6000 Briarwood Ave, Midland, TX 79707, Texas
- Property size
- 384 units; 340,476 rentable square feet
Who is the tenant, and what's the lease?
An apartment community has no single commercial tenant — income comes from hundreds of resident leases that turn over year to year. Olympus Property's launch material identifies sponsor affiliates as the master tenant and the property manager, the customary DST arrangement because the trust itself cannot actively operate real estate.2
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?
The Trust holds the property with mortgage debt rather than free and clear. Baker 1031 describes a fixed-rate Fannie Mae DUS loan provided by Berkadia Commercial Mortgage, interest-only for its full term, so no principal amortizes and the balance comes due as a balloon at the December 1, 2032 maturity.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Loan-to-value
- 50.55%olympuscapitalrealestate.com
Who's behind it?
Olympus Property is a multifamily owner-operator that had managed Coronado on Briarwood for a third-party owner since 2023 before it was acquired for this Trust, and it announced the offering on March 18, 2026.2 Its 1031 exchange platform is young — this is the firm's second DST, and no completed Olympus DST program appears in the public record reviewed. SQX Alts profiled the firm's Regulation D platform on August 31, 2026, listing this Trust among its Class A multifamily DST programs.
- Sponsor
- Olympus Property
- Legal Trust name
- Olympus Coronado 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 trust's notice of an exempt offering reached the SEC as an original filing rather than an amendment, and nothing has revised it since, so the terms on record stand as first reported.3 The exemption used permits general advertising but requires the sponsor to verify each buyer's accredited status.
- 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 Coronado on Briarwood still raising money?
Top1031 lists Coronado on Briarwood 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 Coronado on Briarwood?
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 property backs this DST?
A single asset: Coronado on Briarwood, a 384-unit Class A garden-style apartment community at 6000 Briarwood Ave in Midland, Texas, with 340,476 rentable square feet. Olympus Property's launch release describes it as built in 2020 on 17.84 acres across 18 three-story buildings. The Trust holds this property and no others.
Has the Trust already bought the property?
Baker 1031's offering page reports that the property was acquired in November 2025 from an unaffiliated seller for $76,000,000 — before the Form D notice was filed on January 7, 2026. Olympus Property's launch material adds that Olympus had already been managing the community for a third-party owner since 2023. Closing documents and the PPM (Private Placement Memorandum, the offering's governing disclosure document) control on title and price.
How is the deal financed?
Olympus Property's March 18, 2026 launch release reports total capitalization of $83.56 million, of which $42.24 million is fixed-rate debt at 5.05%, interest-only for a seven-year term, at approximately 50.55% loan-to-value and a roughly $198,000-per-unit basis. Baker 1031 identifies the lender as Berkadia Commercial Mortgage on a Fannie Mae DUS loan maturing December 1, 2032, with the full balance due at maturity. The loan documents and the PPM govern.
Who operates the property, and how is it leased?
Residents hold the leases — this is an apartment community, not a single-tenant building. Olympus Property's launch material states that sponsor affiliates serve as the master tenant and the property manager, the standard DST arrangement because a Delaware statutory trust cannot actively operate real estate itself. The master tenant's legal name and the master lease's commencement and expiration dates were not stated in the public material reviewed; the PPM governs.
What occupancy figures have been published, and do they agree?
They do not fully agree, and they come from different contexts. Baker 1031's offering page, last updated June 21, 2026, reports approximately 93% occupancy at underwriting. Property marketing material from IPA Texas Multifamily reports 96% occupancy with average in-place rents of $1,770 and no concessions, without stating a measurement date. Neither should be read as a single reconciled current number, and no occupancy figure appears in the SEC filing on record.
What does the Form D disclose about minimums and costs?
The Form D filed January 7, 2026 reports a $25,000 minimum investment and an estimated $3,615,500 in sales commissions, and it is an original notice rather than an amendment. A Form D is an issuer's notice of an exempt offering — it is not SEC approval, and it does not establish that interests remained available after the filing date. The PPM controls the actual minimum, any exceptions, and the full fee table; exchange buyers are further limited by the size of their own exchange proceeds.
Chapter 9Olympus Property Launches $41.32M Texas Multifamily DST OfferingSponsor-site press release mirrors trade coverage: Olympus Coronado DST is a $41.32M Reg D 506(c) offering of the 384-unit, 2020-built Coronado on Briarwood in Midland, TX at ~$198,000/unit with $42.24M of 5.05% IO debt and ~50.55% LTV. Olympus Property Launches $41.32M Texas Multifamily DST OfferingOlympus Property launched its second DST, Olympus Coronado DST — a $41.32M Regulation D 506(c) offering backed by the 384-unit, 2020-built Coronado on Briarwood in Midland, TX at a ~$198k/unit basis, with $42.24M of 5.05% interest-only debt (~50.55% LTV).