The Quarters Columbia
Multifamily property in Columbia, MO — sponsor not disclosed
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
The Quarters Columbia is a 260-unit, 616-bed student housing community about 1.5 miles from the University of Missouri in Columbia, Missouri.1 Baker Tilly Real Estate Investors acquired it in November 2024 and placed it into this Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests treated as real property.5 The Offering is closed to new investors.
Minimum investment
$100k
Offering size
$26.1M
How much has sold
100.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
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?
The building dates to 2000 and traded as The Reserve at Columbia until Tailwind Group and its partners bought it from Greystar on February 17, 2021 and rebranded it The Quarters at Columbia.2 Tailwind then reported a multi-million-dollar renovation covering appliances, quartz countertops, cabinets, vinyl plank flooring, paint and fixtures.2 Baker Tilly Real Estate Investors acquired the asset in November 2024; it sits at 2500 Old 63 S, near the University of Missouri.3
- Reported location
- Columbia, MO
- Property size
- 260 units, 616 beds
Who is the tenant, and what's the lease?
The reviewed record does not identify a master tenant or a separately named day-to-day operator. Student housing of this type earns income from individual resident leases — often signed by the bed — that turn over each academic year, rather than from one long-term corporate lease. The property's website states it is leased up for the 2026–27 academic year.3
How did it end?
Still operating
Sponsor: BT Columbia Student Housing Manager, LLC (an affiliate of Baker Tilly Real Estate Investors). Offering target approximately $26.1M. Property originally built 2000, acquired by Tailwind Group in 2021 and renovated; Baker Tilly REI acquired the asset in November 2024 and launched the DST in January 2025. Floor plans include studio, 2, 3, and 4 bedroom units.
260 units, 616 bedsSupporting evidence
Counted on the sponsor’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
Nothing in the reviewed public record establishes whether the Trust carries mortgage debt: the acquisition announcement said financial details of the transaction were not disclosed, and the Form D reports no loan terms.1 Debt, lender identity, and any loan covenants would be set out in the Trust's private placement memorandum (PPM), the offering document given to investors.
Who's behind it?
The Form D names BT Columbia Student Housing Manager, LLC and BT Columbia Student Housing Depositor, LLC as promoters, and lists Kevin Simmerman, Tracey Nguyen, Dave Gibson, Nick Rhode and Charles Droege as executive officers.4 The manager is an affiliate of Baker Tilly Real Estate Investors, which runs a Delaware statutory trust program and lists this property among its DST offerings.5 Baker Tilly REI announced the acquisition publicly on January 22, 2025, describing the community as Class A.1
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust filed its initial Form D — the brief SEC notice an issuer files when it sells securities without registering them — weeks after the Offering launched, then filed a single amendment updating the sales figures. It is offered under Rule 506(c), which permits public advertising but requires every buyer to be a verified accredited investor.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- BT Columbia Student Housing DST
- Filings on record
- 2
- 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
What happened to The Quarters Columbia?
The Quarters Columbia is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for The Quarters Columbia?
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.
Can I still invest in this Trust?
No. The BT Columbia Student Housing DST Offering is closed to new investors. Its most recent Form D amendment was filed October 1, 2025; the sales module on this page shows the reported figures from that filing.
What am I actually buying in a DST like this one?
A beneficial interest in a Delaware statutory trust that holds the real estate. The IRS treats that interest as replacement property for a 1031 exchange, so an exchanger can defer capital gains without managing the building. Investors have no say in operations — the trustee and the manager make decisions, and the minimum investment reported on the Form D was $100,000.
Is the Trust leveraged?
The public record does not say. The acquisition announcement stated financial terms were not disclosed, and the Form D carries no debt information. Leverage matters in a 1031 exchange because an investor generally needs to replace the debt as well as the equity from the relinquished property; the PPM is where that figure would appear.
Who operates the property?
Not established by the reviewed materials. Neither the SEC filings nor the public announcements identify a master lease counterparty or a named third-party property manager for the Trust. Student housing is management-intensive, with leasing cycles tied to the University of Missouri academic calendar.
Could this Trust convert into a REIT through a 721 exchange?
The record shows no 721/UPREIT exit — a structure in which DST interests are contributed to an operating partnership in exchange for REIT units. On this Trust the data shows no such conversion path, meaning an eventual sale of the property is the expected path to an exit.
Why does student housing near a university get treated as multifamily?
Because the units are apartments — here studio, two-, three- and four-bedroom floor plans — leased to residents rather than to a business tenant. The distinction from conventional multifamily is demand concentration: occupancy depends heavily on enrollment at one school, in this case the University of Missouri, roughly 1.5 miles away.[1]
Chapter 9Baker Tilly REI Expands Student Housing Portfolio With Acquisition Near MizzouBaker Tilly REI announced the acquisition of The Quarters Columbia, a Class A 260-unit student housing community 1.5 miles from the University of Missouri, and placed the asset into the BT Columbia Student Housing DST seeking to raise approximately $26.1 million from accredited investors. Quarters at Columbia - Delaware Statutory TrustBaker Tilly's Delaware Statutory Trust (DST) services page lists Quarters at Columbia as a 260-unit, 616-bed student housing community near the University of Missouri acquired in November 2024. Tailwind Group Acquires Student Housing Property in Columbia, MOTailwind Group announced its 2021 acquisition of the Columbia, MO student housing property, which was rebranded to The Quarters at Columbia and underwent extensive renovations.