The Quarters at Lawrence
Student housing (University of Kansas) property in Lawrence, KS — sponsor not disclosed
Files with the SEC as BT Lawrence Student Housing DST
Sponsor not disclosed
Minimum investment
$100k
Offering size
$26.5M
How much has sold
1.0%
Asset type
Student housing (University of Kansas) property
Location
Lawrence, KS
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
The Quarters at Lawrence is a student housing community near the University of Kansas held in a Delaware Statutory Trust (DST) — the structure that lets 1031 exchange investors own fractional real estate passively. Offering material identifies Baker Tilly as the sponsor. The Trust is raising up to $26,500,000 from accredited investors, those meeting SEC income or net-worth tests. Tailwind Group operates the property.1
LTV 49.6% (47.5% w/res), min $100k, 100% occ AY25-26, Y1 dist 4.30%, cap 6.0%, $43.5M purchase; mgr Tailwind Group
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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?
Tailwind Group announced on May 8, 2023 that it had acquired Legends Place Apartments, a community serving the University of Kansas, and rebranded it The Quarters at Lawrence.1 Tailwind's portfolio page dates the acquisition to April 2023 and the rebrand to June 2023.2 Offering material behind the Trust reports a $43,500,000 real-estate purchase price. No source reviewed establishes the year the property was built.
- Property address
- 4101 W 24th Pl, Lawrence, KS
- Property size
- 200 units / 632 beds
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income comes from student residents whose leases reset with each University of Kansas academic year, so every pre-leasing season rebuilds the rent roll. Tailwind Group announced on April 3, 2025 that the property was fully occupied for the 2025–2026 lease term.4
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.
1.0% reported sold
- Amount sold
- $350,000
- Still available
- $26,150,000
- Investors reported
- 2
- Total offering
- $26,500,000
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
Mortgage debt sits on the property alongside investor equity, so the loan's maturity sets the outer bound on when a refinancing or a sale must happen, and the lender is paid before investors are. No lender, loan amount or maturity date appears in the sources reviewed.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Offering material identifies Baker Tilly — an accounting and advisory firm that markets a Delaware statutory trust program — as the party behind this Trust. The Form D itself names no sponsor: it lists BT Lawrence Student Housing Manager, LLC and BT Lawrence Student Housing Depositor, LLC as promoters and gives a Madison, Wisconsin address.3 Tailwind Group, the student housing operator that bought and renamed the property in 2023, manages the asset.1
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- BT Lawrence Student Housing DST
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Because the offering relies on Rule 506(c), the private-placement exemption that permits public advertising, the sponsor must verify each investor's accredited status rather than accept self-certification. The notice reports August 27, 2025 as the first sale date and a $100,000 minimum investment, and no amendment has followed it.3
- 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 The Quarters at Lawrence still raising money?
Top1031 lists The Quarters at Lawrence 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 The Quarters at Lawrence?
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 does this Trust own?
The Quarters at Lawrence, a student housing community at 4101 W 24th Pl in Lawrence, Kansas, sized at 200 units and 632 beds and marketed to University of Kansas students. Tailwind Group announced on May 8, 2023 that it had bought the property, then called Legends Place Apartments, and renamed it.[1]
Who runs the property day to day?
Tailwind Group, the student housing owner-operator that acquired the asset in 2023, is identified as the property manager.[1] DST investors are passive by design: they cannot direct leasing, operations, refinancing or the timing of a sale. Those decisions sit with the trustee, the manager and the sponsor under the trust agreement.
Is the Trust still raising money?
The Trust is in its raising stage. The Form D filed September 2, 2025 is the only filing on record for the entity, and it reports a $26,500,000 offering with a $100,000 minimum investment. A directory listing showing an offering as open is not confirmation that interests remain available today — availability has to be confirmed with the sponsor or your representative.
What is specific to student housing as an asset here?
Revenue tracks the University of Kansas academic calendar, so the entire rent roll re-leases annually and each pre-leasing season resets income. Tailwind Group announced on April 3, 2025 that the community was fully occupied for the 2025–2026 lease term, an operator statement rather than an audited figure.[4] No reviewed source establishes occupancy for any later term.
How much debt is on the property?
The Trust is leveraged, meaning mortgage debt sits alongside investor equity. Offering material reports loan-to-purchase-price leverage of 49.57% without reserves and 47.45% with reserves against the $43,500,000 purchase price. No lender, loan balance, interest rate or maturity is named in the sources reviewed; those terms would appear in the PPM, the private placement memorandum that governs the offering.
Can this Trust convert into a REIT?
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. Any exit route, including a straight sale of the property, has to be confirmed against the PPM.
Chapter 9Tailwind Group Expands its Student Housing Portfolio to KansasTailwind Group acquired Legends Place Apartments in Lawrence, KS (632-bed community near the University of Kansas) and rebranded it as The Quarters at Lawrence, establishing Tailwind as property manager of the BT Lawrence Student Housing DST's underlying asset.