Crew Enterprises DST Investors with suspended distributions please PM me

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Crew Enterprises DST Investors with suspended distributions please PM me

Brett Henricks
Member since 2024 · 99 posts · 175 votes

If you are a DST investor with Crew Enterprises formerly known as Versity, and before that NB Private Capital, and have had your monthly distributions suspended I'd like to hear from you. Please PM me. Thanks to Bigger Pockets members I am now aware of six Crew DSTs that have or had their distributions suspended. Four of the DSTs are student housing in Reno, Austin, Alabama and Louisiana and two are apartments in San Diego and Houston. Crew expects some relief through the 721 UPREIT for the student housing properties but details on the execution are hard to come by. I'd like to hear about your experience. I'm curious if there are additional distressed Crew DSTs out there.

POST HAS BEEN AMENDED at the original posters request TO ADD THE FOLLOWING AS OF July 2025

"Versity/Crew Investors thank you all that have participated in this Post. If you are a Versity/Crew Investor and are new to this Post, welcome, and thank you for adding your experience and knowledge to our growing list of Investors.

Below you will find links to help you take action on your personal situation. It’s critical that as many investors as possible file complaints with the SEC and FINRA. You’ll find all these forms come populated with information and/or instructions on what to do. In some cases, all you need to do is fill out a few blanks with your property etc. Many thanks to the investor who spent their time refining and compiling this. Let’s put their excellent work into action.

1. Please review condensed reddit discussion with OK Mirror (https://docs.google.com/document/d/1Od0qYaCqXlkuBFl-FA9Q0yPr8ycenIUQ/edit?usp=sharing&ouid=117259389996581272315&rtpof=true&sd=true)

2. Please fill out and submit an SEC complaint - template here (https://drive.google.com/file/d/1Hhv8X-kXLKArz1gJALImES08L4TTuQOM/view?usp=drive_link)


3. Please send the form email to your broker and / or broker dealer - template here (https://drive.google.com/file/d/10u1IqlF8R1iY3JjpJX4vgDhJ_SR1gry5/view?usp=drive_link)


4. Please fill out and submit FINRA complaint regarding your broker and/or broker dealer (https://www.finra.org/investors/need-help/file-a-complaint)


5. Please send a demand letter to Crew - template here (https://drive.google.com/file/d/1Lzyf1YcngYEvW36P2Jr7xXsTiLqtPz-E/view?usp=drive_link)


6. Please consult someone from the list of lawyers shown in this doc file (https://docs.google.com/document/d/1pTOHKoH2cME-pHYqCt3OePWLJE94uYXH_oOsztNvZvc/edit?usp=sharing)


7. Please attend and ask these questions on all webinars - A. How do we find our properties market value at time of purchase, what was actually paid for the property and the current property value? B. Going forward, we want independent book quarterly reviews C. Going forward, we would like an independent management company. Any other questions?"

12Reply
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Most Popular Reply

David Walser
Member since 2025 · 30 posts · 30 votes
1y

The process will be expensive. At this point, I think we're just out our monthly distributions and legal fees would be expensive to try to collect that now. My long term concern is that Crew will destroy the future sales value of the properties. I would like to figure out a way to get the properties into some sort of a receivership to protect the cash flow and keep them from pilfering further. It seems that there are over 20 properties that could be in this predicament. I've connected with Brett via email and expect to have a phone chat later this week. We'll be attending an investor day DST event with a Kay Properties in Torrance, CA on April 23rd. I'm hoping to get some good advice about going after our broker from that event. At this point our broker isn't responding to my emails.

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  • Jon Taylor
    Pasadena, CA · Member since 2019 · 136 posts · 148 votes
    1y

    Not good. 

    Not surprised. 

    Campus housing has been under tremendous headwinds for the last 4 years.

    These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

    So sorry to hear about your investment.



    3Reply
    • Bill Rsche
      Member since 2025 · 5 posts · 2 votes
      1y
      Quote from @Jon Taylor:

      Not good. 

      Not surprised. 

      Campus housing has been under tremendous headwinds for the last 4 years.

      These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

      So sorry to hear about your investment.




       https://www.linkedin.com/posts/activity-6924999053055324160-Pm3U?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD-YrZIBkfB5sg9pBO4JpjVjyksop6LHL8A

      0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Thank you Jon. Let's hear it. What about extremely aggressive projections and significant premiums to fair market value can you expand on for any if not all these properties? If you do that once it's a problem but six times and perhaps more you probably shouldn't be in this business. 

    1Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    1y

    It is normally not a good sign if a company has to change their name. Considering they changed their name twice...

    Has there been any communication from the GP to you?
    What did they say is the plan?
    Did they mention when distributions will resume?
    Are you able to request their balance sheet / income statement?
    If yes, how do the numbers look?

    You mentioned student housing - What schools are they near? Do the schools have increasing or decreasing student enrollment?

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
    1Reply
  • Harlan Cooper
    Member since 2025 · 14 posts · 6 votes
    1y

    I don't know if you guys have already seen this. In 12/12/2024 Versity is being sued in a 56 million dollar lawsuit against them.

    Here is a summary:

    https://casetext.com/case/khca-funding-llc-v-versity-invest-...

    Blake Wettengel, associated with Versity Invest, LLC, has been implicated in a lawsuit filed by KHCA Funding LLC and Knights Hill Ireland II DAC. The plaintiffs allege that the defendants, including Wettengel, misappropriated $54 million of syndication proceeds intended for acquiring commercial real estate through DSTs. Instead, these funds were allegedly diverted to finance other real estate transactions and for personal use by Wettengel and co-defendant Tanya Muro. The lawsuit asserts causes of action including breach of contract, unjust enrichment, conversion, fraud, and civil conspiracy, with the plaintiffs seeking $56 million in damages and injunctive relief.

    1Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Thank you for your post Harlan. I am now aware of a 7th Crew Enterprises property in Distress. Please reach out to me if you are a Crew Enterprises investor and want to get updated.

    0Reply
    • Faye Fouladi
      Member since 2025 · 44 posts · 28 votes
      1y
      Quote from @Brett Henricks:

      Thank you for your post Harlan. I am now aware of a 7th Crew Enterprises property in Distress. Please reach out to me if you are a Crew Enterprises investor and want to get updated.

      I am also a Crew Enterprises investors. Can you contact me please?
      0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y
    Quote from @Jon Taylor:

    Not good. 

    Not surprised. 

    Campus housing has been under tremendous headwinds for the last 4 years.

    These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

    So sorry to hear about your investment.





    Crew Enterprises DST Investors with suspended distributions please PM me Since posting this I have learned of a 7th Crew property. One in Tempe, AZ. Can you expand on your comments that the student housing properties were bought using extremely optimistic projections and at an extreme premium to the Market? Turns out the 721 UPREITis limited to one student housing property in late 2025. So the communication from Crew to the other student housing investors was a misleading tease.

    2Reply
    • Nate Marshall
      Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 738 votes
      1y
      Quote from @Brett Henricks:
      Quote from @Jon Taylor:

      Not good. 

      Not surprised. 

      Campus housing has been under tremendous headwinds for the last 4 years.

      These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

      So sorry to hear about your investment.





      Crew Enterprises DST Investors with suspended distributions please PM me Since posting this I have learned of a 7th Crew property. One in Tempe, AZ. Can you expand on your comments that the student housing properties were bought using extremely optimistic projections and at an extreme premium to the Market? Turns out the 721 UPREITis limited to one student housing property in late 2025. So the communication from Crew to the other student housing investors was a misleading tease.




      🔎 Distressed Properties Identified (13+)


      Across FL, TX, CA, NV, AZ, LA, AL — suspended distributions or asset collapse:




      • Inspire on 22nd – Austin, TX



      • Apex South Creek – Tampa, FL



      • Shadowglen – Manor, TX



      • The Walk – Tuscaloosa, AL



      • Astoria – Celebration, FL



      • Wolf Run – Reno, NV



      • 4 & J – San Diego, CA



      • Oakbrook – Baton Rouge, LA



      • The Element – Sacramento, CA



      • Vintage Horizon West – Winter Garden, FL



      • AW Newport – Tempe, AZ



      • Hayworth Tanglewood – Houston, TX



      • CP Cincy – Cincinnati, OH




      0Reply
    • Nate Marshall
      Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 738 votes
      1y
      Quote from @Nate Marshall:
      Quote from @Brett Henricks:
      Quote from @Jon Taylor:

      Not good. 

      Not surprised. 

      Campus housing has been under tremendous headwinds for the last 4 years.

      These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

      So sorry to hear about your investment.





      Crew Enterprises DST Investors with suspended distributions please PM me Since posting this I have learned of a 7th Crew property. One in Tempe, AZ. Can you expand on your comments that the student housing properties were bought using extremely optimistic projections and at an extreme premium to the Market? Turns out the 721 UPREITis limited to one student housing property in late 2025. So the communication from Crew to the other student housing investors was a misleading tease.




      🔎 Distressed Properties Identified (13+)


      Across FL, TX, CA, NV, AZ, LA, AL — suspended distributions or asset collapse:




      • Inspire on 22nd – Austin, TX



      • Apex South Creek – Tampa, FL



      • Shadowglen – Manor, TX



      • The Walk – Tuscaloosa, AL



      • Astoria – Celebration, FL



      • Wolf Run – Reno, NV



      • 4 & J – San Diego, CA



      • Oakbrook – Baton Rouge, LA



      • The Element – Sacramento, CA



      • Vintage Horizon West – Winter Garden, FL



      • AW Newport – Tempe, AZ



      • Hayworth Tanglewood – Houston, TX



      • CP Cincy – Cincinnati, OH







      🔥 RCIC TAKEDOWN – Operation DST Implosion


      TARGET:


      • Blake Wettengel (CEO/Operator)

      • Versity Invest, LLC (fka NB Private Capital, Crew Enterprises)

      • Tanya Muro (co-defendant)


      LAWSUIT:


      • Filed by KHCA Funding LLC and Knights Hill Ireland II DAC

      • $54 million misappropriation alleged from DST syndication proceeds

      • Causes of action: fraud, conversion, unjust enrichment, civil conspiracy, breach of contract

      • Plaintiffs seek $56M in damages + injunctive relief




      2Reply
  • Daniel Bell
    Allen, Collin County · Member since 2025 · 10 posts · 11 votes
    1y

    Crew Enterprises has halted distributions on Apex South Creek DST located in Tampa.

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Wow, so this Tampa property makes an 8th Crew/Versity property with suspended distributions that I have been able to find. This Sponsor has at least 8 properties in some kind of distress all in different geographical areas. We now have properties in Houston, Austin, Reno, Tempe, San Diego, Alabama, Louisiana and now Tampa. Please keep reaching out if you have one of these properties or yet another Versity/Crew property with suspended distributions. I'd like to hear from you. 

    3Reply
  • Denver McClurePro Member
    Financial Advisor · Flower Mound, TX · Member since 2018 · 661 posts · 479 votes
    1y

    @Brett Henricks - I attended a large DST provider's conference last week, and asked around about Crew to other Investment Advisors...nothing remotely positive was said. Even if they offer a 721 on any property, I would recommend looking elsewhere. AFFO and DSCR ratios are critical when considering a 721 UPREIT.

    Really hoping they turn it around soon for you and your fellow investors. 

    [email protected]
    1Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Crew Enterprises Investors, (also known as Versity or NB Private Capital and numerous other names) I'm still interested in your stories. I am now aware of 8 active investments that Crew has that are in distress. Student housing in Austin, Reno, Louisiana, Alabama and Tempe. Multi-family in Houston, San Diego, and Tampa. Crew (Versity) had a 9th property, Skyloft that is student housing in Austin that they had taken from them by a bridge lender. Investors in Skyloft also won a litigation. I'm interested if there are other Crew Enterprises DST's that have similar issues.

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    I want to clarify that I made a mistake regarding the Skyloft property. Apparently this was a Nelson Partners LLC property, principal owner Patrick Nelson. Versity now Crew is the brother Brian Nelson, I'm told. The similarities are strong with the brothers with their behaviors, such as, suspending distributions to investors and other poor business practices. Their businesses have a lot of names, hard to keep up. Keep bringing me up to speed. I am interested in hearing from you.

    0Reply
  • Daniel Bell
    Allen, Collin County · Member since 2025 · 10 posts · 11 votes
    1y

    Calling all Apex South Creek DST investors with Versity-Crew.

    If you invested in the Apex South Creek DST sponsored by Versity-Crew Enterprises, please send me a PM to discuss certain matters of mutual interest.

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Crew Enterprises investors (also known as Versity) thank you for continuing to tell me of your experiences with this DST Sponsor. A true 9th active property has been identified. This one is Multi-family in Celebration Florida known as Astoria. Distributions have also been suspended at this property. If you are an investor in this property or any of the other 8 in this post I would like to hear your story. Certainly if you have a 10th property that I do not yet know of I would like to hear from you as well.

    0Reply
  • Steve Schaeffer
    Member since 2025 · 25 posts · 17 votes
    1y

    How do I PM

    0Reply
  • Steve Schaeffer
    Member since 2025 · 25 posts · 17 votes
    1y
    Quote from @Daniel Bell:

    Crew Enterprises has halted distributions on Apex South Creek DST located in Tampa.


     Apex South Creek is in Orlando

    0Reply
  • Steve Schaeffer
    Member since 2025 · 25 posts · 17 votes
    1y
    Quote from @Brett Henricks:

    If you are a DST investor with Crew Enterprises formerly known as Versity, and before that NB Private Capital, and have had your monthly distributions suspended I'd like to hear from you. Please PM me. Thanks to Bigger Pockets members I am now aware of six Crew DSTs that have or had their distributions suspended. Four of the DSTs are student housing in Reno, Austin, Alabama and Louisiana and two are apartments in San Diego and Houston. Crew expects some relief through the 721 UPREIT for the student housing properties but details on the execution are hard to come by. I'd like to hear about your experience. I'm curious if there are additional distressed Crew DSTs out there.


    0Reply
  • Steve Schaeffer
    Member since 2025 · 25 posts · 17 votes
    1y

    I was told that the Nelson Brothers had both left the company

    0Reply
  • Leonid Kershteyn
    Member since 2025 · 8 posts · 0 votes
    1y

    I have invested thru 1031 exchange almost 1.5 M in to 3 Crew (Versity) DSTs about 3 years ago: Inspire on 22nd, Astoria and Shadowglen. My broker (Cornerstone RE Investment Services) was giving me some updates until about 6 month ago and suddenly stopped responding to calls/emails. Crew stopped distribution on these 3 DSTs last May. Promised to renew 1st Qtr 2025. Nothing happened yet, I suspect a big fraud there. Does anybody know if any actions investors can take before its too late. Will appreciate any help.

    0Reply
    • Steve Schaeffer
      Member since 2025 · 25 posts · 17 votes
      1y
      Quote from @Leonid Kershteyn:

      I have invested thru 1031 exchange almost 1.5 M in to 3 Crew (Versity) DSTs about 3 years ago: Inspire on 22nd, Astoria and Shadowglen. My broker (Cornerstone RE Investment Services) was giving me some updates until about 6 month ago and suddenly stopped responding to calls/emails. Crew stopped distribution on these 3 DSTs last May. Promised to renew 1st Qtr 2025. Nothing happened yet, I suspect a big fraud there. Does anybody know if any actions investors can take before its too late. Will appreciate any help.


       Hello, Leonid

      1. If you were too, look at the Reddit message board regarding crew, you would see that there appears to be something really fishy going on with cornerstone.

      2. Could you please PM me

      0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Leonid, thanks for your post. I was aware of the Inspire on 22nd and the Astoria properties but had not yet heard about the Shadowglen property. Where is it? Is it multifamily? Student housing? I own an interest in Inspire on 22nd as well as another Versity/Crew property (Wolf Run) and have had the same experience as you.Your Shadowglen property now makes the 10th Versity/Crew property in some kind of similar distress. When did you purchase these properties?

    0Reply
  • Leonid Kershteyn
    Member since 2025 · 8 posts · 0 votes
    1y

    https://www.flatsatshadowglen.com/  Shadowglen

    Purchased in August 2021. All DST at the same time thru 1031 exchange.

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Thank you Leonid, so Shadowglen is in Manor, Texas and is a multifamily property. That make 5 student housing and 5 multifamily properties that have similar distress like suspended distributions and a severe lack of communication from the Sponsor. All ten are spread out geographically, we have Florida, Texas, Nevada, Arizona, California, Louisiana, Alabama. Doesn't seem like a unique/specific market problem. Let's see how many more we can find. Versity/Crew investors please contact me I'm interested in your story,

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Versity/Crew investors, at this point I am aware of 13 properties in the Versity/Crew portfolio that have some kind of distress going. Typically the excuses that are given are the same, 1) Property Tax Increases 2) Insurance Premium Increases 3) Adverse local market conditions. Many investors have had distributions suspended with promises to have them restarted that never seem to happen when they say they will. Other investors have had distributions restarted but at a significantly reduced rate. One of my properties (Wolf Run) was supposed to be at a 6.02% rate. I have not had any distributions since March 2024. Last week I finally got a distribution at 1.73%. Kind of sad. My other property there is no communication about. No 4th qtr report, nothing (Inspire on 22nd). Here are the 13 properties. If your an Investor in one of them please reach out, I'd like to hear your story.

    Astoria- Celebration FL   Apex- Orlando FL   Hayworth Tanglewood- Houston TX

    Inspire on 22nd- Austin TX   CP Cincy- Cinn. OH   Oakbrook- Baton Rouge, LA

    Shadow Glen- Manor TX   The Element- Sacramento CA   The Walk- Tuscaloosa AL

    Wolf Run- Reno NV   Vintage Horizon West- Winter Garden FL   AW Newport- Tempe AZ

    4 & J- San Diego CA

    3Reply
    • Steve Cameron
      Member since 2025 · 117 posts · 101 votes
      1y
      Quote from @Brett Henricks:

      Versity/Crew investors, at this point I am aware of 13 properties in the Versity/Crew portfolio that have some kind of distress going. Typically the excuses that are given are the same, 1) Property Tax Increases 2) Insurance Premium Increases 3) Adverse local market conditions. Many investors have had distributions suspended with promises to have them restarted that never seem to happen when they say they will. Other investors have had distributions restarted but at a significantly reduced rate. One of my properties (Wolf Run) was supposed to be at a 6.02% rate. I have not had any distributions since March 2024. Last week I finally got a distribution at 1.73%. Kind of sad. My other property there is no communication about. No 4th qtr report, nothing (Inspire on 22nd). Here are the 13 properties. If your an Investor in one of them please reach out, I'd like to hear your story.

      Astoria- Celebration FL   Apex- Orlando FL   Hayworth Tanglewood- Houston TX

      Inspire on 22nd- Austin TX   CP Cincy- Cinn. OH   Oakbrook- Baton Rouge, LA

      Shadow Glen- Manor TX   The Element- Sacramento CA   The Walk- Tuscaloosa AL

      Wolf Run- Reno NV   Vintage Horizon West- Winter Garden FL   AW Newport- Tempe AZ

      4 & J- San Diego CA

      Hi Brett - I believe you wanted us to PM you, I see one person asking how to do this, but no one answered. I am not familiar with bigger pockets interface and I also am not finding the PM button, please let us know.

      Regarding this overall topic, would you or anyone on this thread know what the check/balance is for DST and the management companies? Are there independent auditors that perform regular reviews or is there potential SEC oversight and do they go after wrongdoing? If not, how would these types of investments even exist? I understand that they are treated as securities, which may help us all, but where do investors turn when they suspect foul play? I do not see this being discussed much here or in related threads so I am wondering if you have learned some of this in your potential PM's.

      It seems we are struggling collectively with what to do next and if the above are not knowingly an option, would not a lawyer be able to help and if they feel there is a case, could we proceed as a group via group tort (to save costs/hire high end experienced lawyer), even if the group is small of 3-4?

      Brett I assume you and others are finding it odd that we were all sold a particular property with particular selling points. Some properties were marketed with higher returns and possibly higher risk. Others were the opposite but now I assume you are finding that they all are being treated similarly if not identically where they most if not all stopped making payments at the same time and when payments are restarted they are at the same time and at the exact same lower amount. This does not seem like each property is an investment unto itself.  If Crew is mixing the money between the properties, do you know if the DST contract has language protecting the investor so the managing company cannot do this?  I am guessing that would be one area an SEC investigator would review?

      Lastly, in my situation, my sponsor is employed by the same securities company as brian nelson. One lawyer has told me this is clearly against fiduciary responsibility but I am not sure who to take this to next, would the SEC have hard rules against this?

      1Reply
  • Leonid Kershteyn
    Member since 2025 · 8 posts · 0 votes
    1y

    Inspire on 22nd and Shadowglen sent 4th Qtr today.

    0Reply
  • Brett Henricks
    OP
    Member since 2024 · 99 posts · 175 votes
    1y

    Thank you to all the Crew/Versity Investors who have gotten in touch with me. I did want to point out that there is another forum on Reddit that has comments just like I have been hearing from you on Bigger Pockets. Here is the link.

    https://www.reddit.com/r/realestateinvesting/comments/1ff1ew6/any_feed_back_on_a_dst_sponsor_called_crew/

    Encouraging all Crew/Versity investors to reach out to me, I am interested in your experiences with Crew/Versity DST's. I am learning a lot and I appreciate it. The more I can learn about the 13 Crew properties with suspended distributions or other distress the better.

    0Reply
    • Steve Schaeffer
      Member since 2025 · 25 posts · 17 votes
      1y
      Quote from @Brett Henricks:

      Thank you to all the Crew/Versity Investors who have gotten in touch with me. I did want to point out that there is another forum on Reddit that has comments just like I have been hearing from you on Bigger Pockets. Here is the link.

      https://www.reddit.com/r/realestateinvesting/comments/1ff1ew6/any_feed_back_on_a_dst_sponsor_called_crew/

      Encouraging all Crew/Versity investors to reach out to me, I am interested in your experiences with Crew/Versity DST's. I am learning a lot and I appreciate it. The more I can learn about the 13 Crew properties with suspended distributions or other distress the better.


       I agree everyone who is on this blog should cross reference the Reddit Vl

      BLOG there are a lot comments and crew investors
      be careful what you divulge because I noticed that crew is monitoring that blog

      2Reply
    • Paul Kampa
      Member since 2025 · 14 posts · 6 votes
      1y
      Quote from @Steve Schaeffer:
      Quote from @Brett Henricks:

      Thank you to all the Crew/Versity Investors who have gotten in touch with me. I did want to point out that there is another forum on Reddit that has comments just like I have been hearing from you on Bigger Pockets. Here is the link.

      https://www.reddit.com/r/realestateinvesting/comments/1ff1ew6/any_feed_back_on_a_dst_sponsor_called_crew/

      Encouraging all Crew/Versity investors to reach out to me, I am interested in your experiences with Crew/Versity DST's. I am learning a lot and I appreciate it. The more I can learn about the 13 Crew properties with suspended distributions or other distress the better.


       I agree everyone who is on this blog should cross reference the Reddit Vl

      BLOG there are a lot comments and crew investors
      be careful what you divulge because I noticed that crew is monitoring that blog

      Are DST investors prohibited from providing factual information about a property or portfolio that they own? I don't remember a confidentiality clause.

      I invested in the Versity/Crew DST in San Diego aka 4th & J.

      0Reply
    • Steve Cameron
      Member since 2025 · 117 posts · 101 votes
      1y
      Quote from @Paul Kampa:
      Quote from @Steve Schaeffer:
      Quote from @Brett Henricks:

      Thank you to all the Crew/Versity Investors who have gotten in touch with me. I did want to point out that there is another forum on Reddit that has comments just like I have been hearing from you on Bigger Pockets. Here is the link.

      https://www.reddit.com/r/realestateinvesting/comments/1ff1ew6/any_feed_back_on_a_dst_sponsor_called_crew/

      Encouraging all Crew/Versity investors to reach out to me, I am interested in your experiences with Crew/Versity DST's. I am learning a lot and I appreciate it. The more I can learn about the 13 Crew properties with suspended distributions or other distress the better.


       I agree everyone who is on this blog should cross reference the Reddit Vl

      BLOG there are a lot comments and crew investors
      be careful what you divulge because I noticed that crew is monitoring that blog

      Are DST investors prohibited from providing factual information about a property or portfolio that they own? I don't remember a confidentiality clause.

      I invested in the Versity/Crew DST in San Diego aka 4th & J.

      It would be worth looking at the PPM - fyi, when I emailed Crew and asked why they stopped all 16 properties at once, when I only invested in 1 property (4th and J) why would they tie me property to any other.  They responded that this was probably due to a master agreement issue.  I then said I only invested in a single property not a master agreement.  They have not replied to this and may never.  Another investor has sent a demand letter to me where they site this (different crew property) is not part of their PPM and they demand their dividends plus other explanations.  If they allow, I will add their demand to the offline docs location so we can all send in a similar demand.  But if would be good to look at the 4th and J PPM and double check if there is any language saying our investment in 4th and J is part of some other master agreement (I doubt it does).  Also, one of the issues they raised when denying our monthly benefits was that 4th and J was hard to rend due to lots of studios.  I looked through my promo material and do not see this being mentioned, nor did my broker mention this.  And if it does not exist, then this is another broker not telling client complaint.

      Curious to know Steve, if they ever disclosed this to you (large % of studios and that this increases risk) and curious if you have looked through the PPM to see if 4th and J is tied to some master agreement?


      0Reply
    • Steve Cameron
      Member since 2025 · 117 posts · 101 votes
      1y
      Quote from @Paul Kampa:
      Quote from @Steve Schaeffer:
      Quote from @Brett Henricks:

      Thank you to all the Crew/Versity Investors who have gotten in touch with me. I did want to point out that there is another forum on Reddit that has comments just like I have been hearing from you on Bigger Pockets. Here is the link.

      https://www.reddit.com/r/realestateinvesting/comments/1ff1ew6/any_feed_back_on_a_dst_sponsor_called_crew/

      Encouraging all Crew/Versity investors to reach out to me, I am interested in your experiences with Crew/Versity DST's. I am learning a lot and I appreciate it. The more I can learn about the 13 Crew properties with suspended distributions or other distress the better.


       I agree everyone who is on this blog should cross reference the Reddit Vl

      BLOG there are a lot comments and crew investors
      be careful what you divulge because I noticed that crew is monitoring that blog

      Are DST investors prohibited from providing factual information about a property or portfolio that they own? I don't remember a confidentiality clause.

      I invested in the Versity/Crew DST in San Diego aka 4th & J.


      Steve - I posted this in the wrong quote above but it is meant for you -
      It would be worth looking at the PPM regarding posting factual info - fyi, when I emailed Crew and
      asked why they stopped all 16 properties at once, when I only invested
      in 1 property (4th and J) why would they tie me property to any other.
      They responded that this was probably due to a master agreement issue.
      I then said I only invested in a single property not a master
      agreement. They have not replied to this and may never. Another
      investor has sent a demand letter to me where they site this (different
      crew property) is not part of their PPM and they demand their dividends
      plus other explanations. If they allow, I will add their demand to the
      offline docs location so we can all send in a similar demand. But if
      would be good to look at the 4th and J PPM and double check if there is
      any language saying our investment in 4th and J is part of some other
      master agreement (I doubt it does). Also, one of the issues they raised
      when denying our monthly benefits was that 4th and J was hard to rend
      due to lots of studios. I looked through my promo material and do not
      see this being mentioned, nor did my broker mention this. And if it
      does not exist, then this is another broker not telling client
      complaint.

      Curious to know Steve, if they ever disclosed this to
      you (large % of studios and that this increases risk) and curious if you
      have looked through the PPM to see if 4th and J is tied to some master
      agreement?

      0Reply
  • Leonid Kershteyn
    Member since 2025 · 8 posts · 0 votes
    1y

    I looked at reddit a while ago. Will check again today. 

    Shadowglen just sent the payment of about 22% of what I was getting a year ago.

    0Reply
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