DST Report

Companies

Companies

Sponsors, broker-dealers, lenders, property managers, and counsel.

The list is incomplete. Feedback for additions.

Track Kind

Other

Academy West Investments

Wettengel / Muro affiliate. Named defendant in OC 30-2026-01543537. Earlier Orange County suit 2021.

Vehicle

Apex South Creek IB, LLC

Initial beneficiary of Apex South Creek, DST. Named borrower on the IBI Volcano leftover-equity notes. Not the KHCA revolving bridge.

Broker-dealer

Aurora Securities

Selling-group broker-dealer. CRD 46147. 1 commissioned seller.

Property manager

Book & Ladder

Affiliated property manager. Still on Vintage in March 2026. Named defendant in OC 30-2026-01543537.

Sponsor

Capital Square

Proposed new sponsor for Walk, Vintage, One on 4th, and Hayworth — if investors assume the unpaid KHCA bridge.

Broker-dealer

Capulent LLC

Selling-group broker-dealer. CRD 155155. 1 commissioned seller.

Broker-dealer

Cornerstone

Another broker-dealer. Hosted the May 2025 Nelson webinar after a year of NDA silence. John Harvey, Trawn Gall.

Lender

Crayhill Capital Management

Named lender on the Versity Invest VIP Bonds circular’s revolving mezz facility. SPEs wholly owned by Crayhill Capital Management.

Sponsor

Crew Enterprises / Versity Invest

Wettengel / Muro Delaware LLC, file 6684437. Formed 17 Mar 2022 as Versity InvestCo, renamed 23 Mar. Rebranded Crew in May 2024. Holds Vintage and the other KHCA-track DSTs.

Broker-dealer

Emerson Equity LLC

Selling broker-dealer on both the 4th & J and Vintage Form Ds. CRD 130032. SEC Reg BI order on GWG L-Bonds (not these DSTs) in August 2025.

Lender

IBI Volcano

Bridge lender on Apex. NY Index 652237/2025. Clerk money judgment 30 Sep 2025: $45,498,832.38 to Volcano and $4,494,349.18 to West 4, plus $535 costs.

Lender

KHCA / Knights Hill

Bridge lender. New York Index 651885/2024. About $56 million unpaid on Vintage, Walk, One on 4th, and Hayworth.

Counsel

McQuade Law Group, P.C.

Richmond. Named on Vintage / One on 4th / Hayworth. Forum posts describe engagement letters as BD-paid; the letters themselves were not reviewed.

Counsel

Miller Miller Gerber LLP

Irvine. Counsel for Versity Investments / Nelson / NBPRE and the 17 DST plaintiffs in Orange County.

Broker-dealer

MSC-BD, LLC

Selling-group broker-dealer. CRD 142927. 1 commissioned seller.

Sponsor

Nelson Brothers

NBPRE. 2007 Brian + Patrick shop. Later Brian 100%. Not Nelson Partners.

Sponsor

Nelson Partners

Patrick Nelson’s student-housing company. Not the sponsor of 4th & J or Vintage.

Adviser

Oceanic Partners, Inc.

Sausalito exempt reporting adviser. CRD 174179. Related shop to Emerson Equity — not a disclosed 5%+ owner of the BD. Site lists “real estate single-asset syndications.”

Broker-dealer

Primex

Selling-group broker-dealer. CRD 29394. 4 commissioned sellers.

Other

TripSnap

Wettengel / Muro affiliates named as defendants in OC 30-2026-01543537. No Form D in this archive.

Sponsor

Versity Investments

Brian Nelson’s line. About 18 properties came back after 2025 arbitration, including 4th & J.

Vehicle

Vintage IB, LLC

Initial beneficiary of Vintage, DST. KHCA says it became manager 30 Jun 2025. Plaintiff in Del. Ch. C.A. 2025-0757.

Sponsor

Waterfall Holdings

Russell Geyser’s vehicle. Named as Brian Nelson’s partner on a nine-property student-housing springing-LLC / private REIT.

Other

Wettengel Productions

Named defendant in OC 30-2026-01543537. Caption says California LLC; complaint body says Delaware.