Waterfall nine
Nelson-track student-housing bag named on the June 2026 webinar. Springing LLC → one new loan → private REIT. Not 4th & J.
- The nine
- Rockland, Wolf Run, Astoria, CP Cincy, 345 Flats, Oakbrook, Buckingham, Tailor Lofts, Inspire on 22nd
- Not in the nine
- Shadowglen, The Nine (foreclosure), 4th & J
May–Jun 2026: Russell Geyser / Waterfall Holdings as Brian’s partner. Nine properties → springing LLC → one new loan → private REIT.
Partnership-expense numbers circulated from the July 2025 webinars on the handed-back books: Astoria $233k, Wolf Run $840k, Element $1.3M (Element is not in the nine).
Form D pages for the nine: Rockland, Wolf Run, Astoria, CP Cincy, 345 Flats, Oakbrook, Buckingham, Tailor Lofts, Inspire on 22nd. Buckingham also has the Midland/Wells foreclosure.