Waterfall Holdings · TIC/DST syndicator since 2004
Russell Geyser
Waterfall Holdings. TIC/DST syndicator since 2004. Named as Brian Nelson’s “deep pockets” partner on a nine-property student-housing bag.
California syndicator; Gibraltar Holdings in the 1031 market from 2004. UC Berkeley + USC MBA. LA Times (30 Dec 2020): bought a Hollywood office campus for $186M with LPC West; also a film producer (Rainmaker Films).
Waterfall’s site: taken over management of six student-housing assets totaling $400M — their number; the nine-property webinar list is the one to trust for this deal. Solo “team” page. 4th & J’s place in that bag is unclear: not on the June 2026 webinar list of nine, listed on the site anyway.
Timeline
- May–Jun 2026Russell Geyser / Waterfall Holdings. Nine properties → springing LLC → private REIT. Not in the nine: Shadowglen, The Nine, and 4th & J.
- 14–16 Aug 2026 · forumRussell email: Shadowglen default and capital call. 2025 tax info still missing. Thread ends 16 Aug.