Coronado on Briarwood
Multifamily (Class A garden-style, built 2020) property in Midland, Texas — sponsored by Olympus Property
$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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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 a November 2025 purchase from an unaffiliated seller for $76,000,000.1 Olympus Property is raising equity from verified accredited investors.
Minimum investment
$25k
Offering size
$41.3M
How much has sold
None sold yet
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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?
Coronado on Briarwood was completed in 2020 as Class A garden-style rental housing. Baker 1031's offering page reports that the trust bought it in November 2025 from an unaffiliated seller for $76,000,000 — two months before the Form D notice reached the SEC.1 The same source puts occupancy at roughly 93% on the August 2025 rent roll.2
- 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. Baker 1031 reports that an affiliated Olympus platform serves as master tenant and property manager under a master lease — the customary DST arrangement, because the trust itself cannot actively operate real estate.1
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 owns the property with mortgage debt rather than free and clear, so the lender's claim sits ahead of investors. Baker 1031 describes fixed-rate debt that is interest-only for its full term, meaning no principal amortizes and the entire balance comes due at the December 1, 2032 maturity.2
- 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 the sponsor's own launch material describes as bringing only its second DST to market when it announced this program on March 18, 2026.3 Its 1031 exchange platform is young, and no completed Olympus DST program appears in the public record reviewed. SQX Alts profiled the firm's Delaware statutory trust and private-REIT platform on August 31, 2026, listing this Midland program among its offerings.
- Sponsor
- Olympus Property
- 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.4 The exemption used permits general advertising but obliges the sponsor to verify each buyer's accredited status rather than accept a self-certification.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Olympus Coronado DST
- 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?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
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 Avenue in Midland, Texas, with 340,476 rentable square feet, built in 2020. Baker 1031's offering page identifies it as the trust's only property. There is no second asset and no portfolio diversification within the Trust.
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 with the SEC on January 7, 2026. Closing documents and the PPM (Private Placement Memorandum, the offering's governing disclosure document) control on title, price, and any post-closing adjustments.
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 roughly $198,000 per unit. Baker 1031 adds that the loan matures December 1, 2032, with the full balance due then because nothing amortizes. 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. Baker 1031's offering page states that an affiliated Olympus platform serves as both master tenant and property manager under a master lease, 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 material reviewed; the PPM governs.
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 remain available. 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.
Is the offering still accepting investors?
The public record does not settle it. The most recent third-party listing located, from Baker 1031 and updated June 21, 2026, marked the offering 'Under Review' and showed the full equity amount as available — a status that does not by itself establish that the offering was open. The SEC filing on record is the original January 7, 2026 Form D, with no amendment since. Confirm current availability directly with the sponsor or the selling broker-dealer.
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).