DST Report

Sponsor

Waterfall Holdings

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

Nelson / Versity As of 2026-08-19

May–Jun 2026: Russell Geyser / Waterfall as Brian’s “deep pockets” partner. Nine properties → springing LLC → one new loan → private REIT. 4th & J is not on that webinar list; Waterfall’s site listed it anyway.

A private REIT can starve redemptions, often after a 24-month lock. Cash-out is not a put.

Timeline

  1. May–Jun 2026
    Russell Geyser / Waterfall Holdings. Nine properties → springing LLC → private REIT. Not in the nine: Shadowglen, The Nine, and 4th & J.
  2. 14–16 Aug 2026 · forum
    Russell email: Shadowglen default and capital call. 2025 tax info still missing. Thread ends 16 Aug.

    BiggerPockets · 15 Aug 2026