DST Report

Forum organizers · not counsel

Investor organizers

Brett Henricks opened the BiggerPockets thread. Steve Cameron is the primary 4th & J voice. Johan Sigmundson mapped the New York docket.

Nelson / Versity Crew / KHCA Investor As of 2026-08-19

Brett Henricks opened the thread on 20 Jan 2025. By July it was a toolkit: SEC TCR, broker demand, FINRA complaint, Crew demand, lawyer list.

Steve Cameron is the primary 4th & J voice — distributions, webinars, the “master agreement” email, PPM 721 language, 80–90¢ sale talk.

Johan Sigmundson’s August 2025 posts are the best amateur map of the NY KHCA case.

Forum posts are color, not a court. Where they disagree with a filing, the filing wins.

Timeline

  1. Apr–May 2024
    KHCA files NY Index 651885/2024 (original complaint NYSCEF Doc 49, 17 May 2024). Delaware SOS name change to Crew Enterprises on or about 11 Mar 2024. Nelson files arbitration (JAMS 5200001507 / 5200001580). Distributions stop across the portfolio around May 2024 (4th & J and Oakbrook the same month, per a 16 Apr 2025 post) — the same weeks as the yield-enhancement and rebrand PRs.
  2. 20 Jan 2025 · forum
    Brett Henricks opens the BiggerPockets thread. By July it is a toolkit: SEC TCR, broker demand, FINRA complaint, Crew demand, lawyer list.

    BiggerPockets · original post

  3. May–Aug 2025 · forum
    Deborah Flint names FBI SA Linda Ann Kline (Orange RA). Brett confirms a voicemail: “Hi, this is Linda.” Steve Cameron: “a few of us have been interviewed.” California Bar lists Kline at the FBI’s Orange RA. No public indictment, no case number, no FBI statement.
  4. Aug 2025
    Johan maps KHCA DSTs: Hayworth, Vintage, Walk, One on 4th, Apex. Board consensus: sue the BD. Real Deal (18 Aug): Buckingham and Tailor Lofts delinquent.

    Real Deal · Versity late on Chicago loans

  5. 3–9 Aug 2026 · forum
  6. 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