The Quarters Columbia
Multifamily property in Columbia, MO
The Quarters Columbia was a DST that owned a multifamily property in Columbia, MO. Its last Form D, filed Oct 1, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 yearsThe last Form D, filed Oct 1, 2025, reports the offering fully sold.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $100,000From the Form D
- Offering size
- $26,100,000Equity offered, per the Form D
- Sold
- 100%Form D, Oct 1, 2025; the % is our arithmetic
- Investors reported
- Form D, Oct 1, 202580
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,283,750 · 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 →
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Ask a 1031 specialist about this recordFree. About: The Quarters Columbia. Top1031 is not a broker-dealer.The Quarters Columbia · Columbia, MO · Photo: thequarterscolumbia.com
What did The Quarters Columbia own?
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
How was it financed, and what did it cost to sell?
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 offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $2,283,750 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,287,500 · 4.9% of offeringForm D Item 16· The filing’s note: “BT Columbia Student Housing Depositor, LLC is required to pay approximately $3,570,500 in costs and expenses related to the offering and acquisition of the property.”
- Broker-dealers named in the Form D
- 9 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- Arkadios Capital · CRD 282710
- Cobalt Capital, Inc. · CRD 136161
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- Realta Equities, Inc. · CRD 23769
- Saxony Securities, Inc. · CRD 115547
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 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 Columbia?
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
What does the SEC record show?
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.
- Legal Trust name
- BT Columbia Student Housing DST
- SEC CIK
- 2055850
- First Form D
- Feb 11, 2025
- Latest Form D
- Oct 1, 2025
- Filings on record
- 2
- 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/A | $26,100,000 | $26,100,000+$19,341,513 | 80+65 | EDGAR | |
| Form D | $26,100,000 | $6,758,487 | 15 | 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
- What happened to The Quarters Columbia?
- The Quarters Columbia is a Historical offering. The last Form D, filed Oct 1, 2025, reports the offering fully sold.
- 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 offering documents are 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.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.