The Quarters at Lawrence
Student housing property in Lawrence, KS
Active offeringLatest Form D filed Sep 2, 2025 (opens in a new tab)
The Quarters at Lawrence is a DST that owns a student housing property in Lawrence, KS (200 units). Its latest Form D, filed Sep 2, 2025, lists a $26.5 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $26,500,000Equity offered, per the Form D
- Sold so far
- Form D, Sep 2, 2025; the % is our arithmetic1.3%
- Investors reported
- Form D, Sep 2, 20252
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,318,750 · 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
- Sep 2, 2025 · 1 filing
- First sale
- Aug 27, 2025
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $350,000
- Not yet sold
- $26,150,000
- Investors
- 2
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
1.3% of $26,500,000 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: The Quarters at Lawrence. Top1031 is not a broker-dealer.The Quarters at Lawrence · Lawrence, KS · Photo: thequarterslawrence.com
What does The Quarters at Lawrence own?
Baker Tilly's asset material describes student housing serving the University of Kansas. 2 Tailwind Group and its partners bought the community in mid-April 2023, when it still operated as Legends Place Apartments. 1 Tailwind dates the rebrand to The Quarters at Lawrence to June 2023. 3 The sponsor reports renovation work during 2024 and 2025 covering the clubhouse and fitness center, new roofs, pool upgrades and parking-lot resurfacing. 2
- Property address
- 4101 W 24th Pl, Lawrence, KS
- Property size
- 200 units / 632 beds
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
Leveraged means mortgage debt sits alongside investor equity: the lender is repaid before investors, and the loan's maturity sets the outer bound on when a refinancing or a sale has to happen. No lender is named in the sources reviewed, and no recorded mortgage instrument was obtained.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $2,318,750 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,337,500 · 5.0% of offeringForm D Item 16· The filing’s note: “BT Lawrence Student Housing Depositor, LLC is required to pay approximately $3,384,500 in costs and expenses related to the offering and acquisition of the property.”
- Broker-dealers named in the Form D
- 2 named in the Form D
Show the firms
- Cobalt Capital, Inc. · CRD 136161
- DAI Securities, LLC · CRD 36673
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 27, 2025
- Minimum investment
- $100,000
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 The Quarters at Lawrence?
Baker Tilly's asset material ties this offering to BT REI Manager, LLC, a subsidiary of Baker Tilly Advisory Group, LP. 2 On February 8, 2026, Baker Tilly announced a strategic relationship with Blue Vista Capital Management and PeakMade Real Estate to expand its DST platform across residential and student housing. Day-to-day operations sit with Tailwind Group, which the sponsor identifies as the property's professional operator. 2
What does the SEC record show?
The issuer reported August 27, 2025 as the offering's first sale of securities, and the SEC notice filed days later — the brief disclosure an exempt offering must make — covers a $26.5 million equity raise. 5 No amendment has followed, so every figure on the public record is a snapshot from that single filing.
- Legal Trust name
- BT Lawrence Student Housing DST
- SEC CIK
- 2083014
- First Form D
- Sep 2, 2025
- Latest Form D
- Sep 2, 2025
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $26,500,000 | $350,000 | 2 | 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 The Quarters at Lawrence an active offering?
- The Quarters at Lawrence is an Active offering: its latest Form D was filed Sep 2, 2025. 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 does this Trust own?
- The Quarters at Lawrence, a student housing community at 4101 W 24th Pl in Lawrence, Kansas, serving the University of Kansas. Listing data shows 200 units and 632 beds. Tailwind Group and its partners bought the community in mid-April 2023, when it operated as Legends Place Apartments, and Tailwind dates the rebrand to June 2023. Sponsor-supplied offering figures reproduced in AltsWire's Baker Tilly directory put the real-estate purchase price at $43,500,000. The year the buildings were built does not appear in the sources reviewed.
- How does the lease structure work for student housing?
- Income comes from many individual student residents rather than one corporate tenant. Baker Tilly's asset material describes 12-month resident leases with each bed leased individually, so the rent roll is re-signed every pre-leasing cycle rather than locked in by one long-term corporate lease. Sponsor copy published by AltsWire describes Baker Tilly as master tenant above those residents, with the master tenant rather than the DST bearing variable property taxes, insurance and utility expenses. The offering documents carry the controlling terms.
- Is the property occupied?
- Baker Tilly reports the property was 100% occupied for the 2025–2026 academic year, and its own asset sheet cautions that this does not guarantee occupancy in future periods. That figure is sponsor-reported and was not independently verified, and it is not a measurement of occupancy today — in student housing, occupancy resets each pre-leasing season. No occupancy figure for the 2026–2027 academic year appears in the sources reviewed.
- How much debt is on the property?
- The Trust is leveraged, so mortgage debt sits alongside investor equity and the lender is repaid ahead of investors. Sponsor-supplied terms reproduced in AltsWire's Baker Tilly directory state loan-to-purchase-price ratios of 49.57% without reserves and 47.45% with reserves. No lender, loan balance, interest rate or maturity date appears in the sources reviewed, and no recorded mortgage instrument was obtained.
- Has the property actually been transferred to the DST?
- The sources reviewed do not confirm it. Sponsor offering figures state a $43,500,000 real-estate purchase price, but an offering figure alone does not establish that a conveyance to the Delaware statutory trust closed, and no county deed or other primary conveyance record was obtained. Separately, the data shows no 721/UPREIT exit path — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units, deferring tax but ending 1031 eligibility. Title and closing status are questions for the offering documents and the sponsor.
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.