Top1031
Station 250
Multifamily property in Mundelein, IL · sponsored by Olympus Property
Active offeringLatest Form D filed Oct 1, 2026 (opens in a new tab)
Station 250 is a DST sponsored by Olympus Property that owns a multifamily property in Mundelein, IL. Its latest Form D, filed Oct 1, 2026, lists a $28.6 million offering with a $25,000 minimum.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $28,646,000Equity offered, per the Form D
- Sold so far
- None reported as of Oct 1, 2026Form D, Oct 1, 2026
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,506,525 · 8.7% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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
- Oct 1, 2026 · 1 filing
No sales reported in a Form D amendment yet. Latest notice Oct 1, 2026.
Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.
Ask a 1031 specialist about this recordFree. About: Station 250. Top1031 is not a broker-dealer.No photo on record. Mundelein, IL · no mappable address in the filings.
What does Station 250 own?
Station 250 is a 166-unit apartment community completed in 2024 at 250 Plaza Circle in Mundelein, Illinois, a Chicago-area suburb. 1 Synergy Construction and Development developed it and sold it to Olympus Property for roughly $53 million, according to an August 17, 2026 report citing Lake County public records. 4 Accounts differ on the exact closing date and price — AltsWire reported $52.75 million — and the recorded deed was not obtained. 1
- Reported location
- Mundelein, IL
How is it financed, and what did it cost to sell?
This is a leveraged Trust: mortgage debt sits at the property level alongside investor equity, and an investor's share of that debt counts toward the replacement-property debt a 1031 exchange may need to match. Olympus reported a $31.81 million Fannie Mae agency loan within a total capitalization of $60.45 million. 1
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $2,506,525 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $5,816,893 · 20.3% of offeringForm D Item 16· The filing’s note: “Olympus Station 250 LLC will be responsible for paying certain expenses of the Issuer of approximately $5,816,893”
- 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 Station 250?
The Form D names Olympus Station 250 Manager and Olympus Station 250 LLC as related promoters, with no separate platform entity identified. 2 Trade coverage of the September 2026 launch attributes the offering to Olympus Property. 1 The sponsor's Delaware statutory trust page lists Station 250 among its available offerings. 3 Olympus Property separately reported on September 23, 2026 that its $41.32 million Olympus Coronado DST, a Texas multifamily offering, was fully subscribed.
- Sponsor
- Offerings on record
- 3 active / 3 total
What does the SEC record show?
- Legal Trust name
- Olympus Station 250 DST
- SEC CIK
- 2157190
- First Form D
- Oct 1, 2026
- Latest Form D
- Oct 1, 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 | $28,646,000 | $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 Station 250 an active offering?
- Station 250 is an Active offering: its latest Form D was filed Oct 1, 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 is behind Olympus Station 250 DST?
- Station 250, a 166-unit apartment community completed in 2024 at 250 Plaza Circle in Mundelein, Illinois, in the northwest Chicago suburbs. Olympus Property acquired it from developer Synergy Construction and Development; The Real Deal reported the sale at roughly $53 million on August 17, 2026, citing Lake County public records, while AltsWire reported $52.75 million. The exact recorded closing date is not established in the public record reviewed here. Olympus said the property was 92.2% occupied as of its September 23, 2026 announcement.
- Who is the sponsor?
- The Form D filed October 1, 2026 does not identify a separate sponsor platform; it names Olympus Station 250 Manager and Olympus Station 250 LLC as related promoters. Trade coverage of the September 2026 launch attributes the offering to Olympus Property, and the sponsor's Delaware statutory trust page lists Station 250 among its available offerings. Top1031 has not matched this Trust to a tracked sponsor platform.
- What is the minimum investment?
- The Form D filed October 1, 2026 reports a minimum investment of $25,000 for new investors. The offering documents govern the actual subscription terms, including any sponsor discretion to accept a different amount.
- Is there debt on the property?
- Yes. Per a September 23, 2026 AltsWire report, Olympus said Station 250 is financed with a $31.81 million Fannie Mae loan inside a total capitalization of $60.45 million. Loan documents are not filed with the SEC; the offering documents and the loan instrument itself are the controlling sources.
- Does this Trust offer a 721/UPREIT exit?
- Nothing in the public record reviewed here states one. A 721 or UPREIT exit is an arrangement in which a sponsor can contribute the property to the operating partnership of an affiliated REIT at the end of the hold, converting investors into REIT-level holders. No filing or report reviewed here says whether that option exists for this Trust — the offering documents would say.
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.