Coronado on Briarwood is a Class A multifamily community at 6000 Briarwood Ave, Midland, Texas, acquired by an Olympus Property affiliate for $76,000,000 and held in a Delaware Statutory Trust. 05%, interest-only for the full seven-year term (maturing December 1, 2032). 24% of invested equity over an approximately seven-year hold, with an optional Section 721 exchange into an affiliated Exchange Entity at disposition. Offered under Rule 506(c).
Coronado on Briarwood is a Class A multifamily community at 6000 Briarwood Ave, Midland, Texas, acquired by an Olympus Property affiliate for $76,000,000 and held in a Delaware Statutory Trust. 05%, interest-only for the full seven-year term (maturing December 1, 2032).
24% of invested equity over an approximately seven-year hold, with an optional Section 721 exchange into an affiliated Exchange Entity at disposition. Offered under Rule 506(c).
| Lender | Berkadia Commercial Mortgage LLC (Fannie Mae DUS) |
| Interest Rate | 5.05% (Fixed) |
| Loan Term | 7 years |
| Interest-Only Period | 7 years |
| Total Debt | $42.2M ($42,240,000) |
| In-Place LTV | 50.55% |
| Year 1 DSCR | 2.29x |
Class A Midland, TX multifamily (Coronado on Briarwood) acquired for $76M, held in a DST.
Fixed 5.05% Fannie Mae (Berkadia) loan, interest-only for the full 7-year term; ~50.6% LTV.
Projected distributions rising from 6.23% to 8.24% over a ~7-year hold (avg ~7.12%).
Optional Section 721 (FMV) exchange into an Olympus Exchange Entity at disposition.
Sponsored by Olympus Property, a Fort Worth multifamily owner-operator founded in 1992 with 54 realized full-cycle deals.
Experienced multifamily sponsor (54 realized full-cycle deals, ~25.7% avg IRR); fixed-rate interest-only financing; larger $76M asset; rising distribution schedule to 8.24%; optional 721 liquidity path.
Single-asset, single-market (Midland) concentration; illiquid non-traded interests; master lease is not triple-net; interest-only loan with a 2032 balloon and no refinancing permitted; back-loaded distribution schedule with reliance on reserves to meet targets.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
A leveraged single-asset Class A multifamily DST in Midland; the ramp to 8.24% is back-loaded and depends on Olympus growing NOI. Fixed 5.05% interest-only debt and ~50.6% LTV are reasonable, but single-market Permian Basin exposure and the non-triple-net structure concentrate risk.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
| Metric | This Offering | Market Avg. | Assessment |
|---|---|---|---|
| Avg. Income | 5.25% | 5.26% | Meets Average |
| Income Growth | -14.93% | 27.39% | Meets Average |
| Peak Income | 5.30% | 5.87% | Below Average |
Olympus Property
Olympus Property is a Fort Worth family-owned Class A multifamily owner-operator, founded in 1992, with a portfolio exceeding $9.2 billion and more than 35,000 units across 17 states, reaching exchangers through its affiliate WW Olympus Investment Company. Its markets two alignment-and-discipline features heavily: co-investment in every property and long-term fixed-rate debt, alongside a claim of never having missed an investor distribution. The Class A apartment specialization and operating control define a focused, multifamily-pure franchise.
Learn More About Olympus Property →Access requires verification of accredited-investor status. Executable copies are released through the secure data room on request; the schedule below reflects the standard document set for this offering.
Securities offered through Aurora Securities, Inc. (CRD #46147 / SEC #8-51322), member FINRA / SIPC; Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This is not an offer to sell or a solicitation of an offer to buy any security; any offer is made solely by the confidential private placement memorandum (PPM), which qualifies all information herein in its entirety. Delaware Statutory Trust interests are speculative, illiquid securities offered under Rule 506(c) of Regulation D and sold only to investors whose accredited-investor status has been verified; offering documents and subscription materials are provided only after that verification. They involve substantial risk, including possible loss of the entire investment.
Distributions, yields, the cap-rate equivalent, DSCR, occupancy, and benchmark figures are sponsor estimates or projections, are not guaranteed, and may differ materially from actual results. Any tax-adjusted yield assumes a 40% effective rate for non-1031 cash investors and is not tax advice. No tax, legal, or investment advice is provided — consult your own CPA and attorney. Past performance does not guarantee future results.