DST Report

The Buckingham

Nelson-track Chicago student housing. Midland/Wells ~$45.7M foreclosure, March 2026. Later still named on the Waterfall nine list.

Senior-lender fire Nelson / Versity As of 2026-08-25
Offering
Form D 20 Aug 2018 · first sale 27 Jul 2018 · $44,326,195 · CIK 0001748033
Selling group
Brian Nelson and David Gillimore at Emerson Equity. Pending disputes are allegations.
Live legal posture
Plaintiff in OC 30-2026-01543537 (filed 29 Jan 2026). Allegations.
12206 conservative line
27 Jul 2024, if the actual close is near the Form D first sale. Pull the subscription date.

Independent confirmation that Nelson-track assets (not Vintage, not 4th & J) are taking senior-lender fire. A warning about the rest of the Nelson book, not Vintage’s KHCA problem. Named plaintiff in OC 30-2026-01543537. Allegations in that suit.