All Forum Posts by: Steve Schaeffer
Steve Schaeffer has started 2 posts and replied 25 times.
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
@Deborah Flint https://nypost.com/2025/09/23/business/madoff-trustee-tells-nyc-power-couple-to-divvy-up-swanky-manhattan-condo-to-compensate-fraudsters-victims/
American Greed doesn't generally air, the shows until after legal proceedings are done at least in progress something that I saw as recurring repeatedly in the episodes and situations such as this as a trustee/receiver is appointed, I think we really need to push hard to put it in receivership so that control of the books and finances is restored in some cases with the interest rates dropping. Maybe some of the loans can be refinanced. Many of these properties are pretty viable an example is the Orlando property
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
I just went on Reddit I find that this message board has pretty much gone dark. Last post appears to be a month ago. I found this Post from Prince Jorby 2 months ago very interesting:
Hi, I’m actually a current tenant at a Crew/Book & Ladder property (Campus Walk Chico) and recently discovered they forged my lease:
- The lease in my portal originally showed a Fresno IP address I’ve never used, with no signatures.
- After I questioned it, they deleted that page and uploaded a new version with a backdated owner signature, still with no tenant signature.
- They’ve been charging me utilities and add-on fees I never agreed to, based on this forged lease.
I have screenshots, Blue Moon’s confirmation the lease wasn’t properly executed, and a SHA-256 hash + video comparison showing the forgery steps.
Since I saw you’re discussing Crew’s investor issues, I thought you might want to know this fraud extends to tenants as well, not just investors. If it helps your case or if you’re gathering stories, happy to share the evidence or sign a statement.
Let me know if you’d like to see the files.
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
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.
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?"
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
I am finalizing my initial filing for SEC complaint. There is so much information coming forward, I feel it would be impossible for me to summarize all the information that is available on the message boards and emails I’ve received.
I thought the easiest route would be to provide a summary and then develop attachments that would have quotes from various individuals on the message boards and emails.
I thought I would put in the summary that I am providing allegations from other investors.
Please let me know if you don’t want your name included I’m not planning on divulging phone numbers or email addresses
I plan on notifying SEC that I will be providing supplemental information as it becomes available
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
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.
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?"
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
Hello Brett working on a SEC complaint I compiled a list
with the locations you listed for Crew and Versity. There may be other management companies other than Book and Ladder but on their website here are locations with cities.
these three were not on Book and Ladder:
Tuscany Place
The Plaza
Darvy Row
Full name and City for properties listed on Book and Ladder website:
4th & J- San Diego CA
Oakbrook- Baton Rouge, LA
Shadow glen- Manor TX
Inspire on 22nd- Austin TX
Astoria- Celebration FL
Wolf Run- East- Reno NV
Wolf Run Vintage Reno NV
Campus Walk- Chico, California
Rockland- Lawrence, Kansas
Nine@Memphis- Memphis,Tn
Taylor Lofts- Chicago Illinois
345 Flats- Kent, Oh
Buckingham- Chicago IL
CP Cincy- Cincinnati. OH
The Element- Sacramento CA
Tuscany Place
The Plaza
Darvy Row
The Geen at Waco- Waco Texas
The Ridge- Morgantown West Virginia
University Park- Berkeley California
The Avalon and Sawmill properties have been sold.
Crew Enterprises controlled by Wettengel and Muro now control 5 Properties:
The Walk- Tuscaloosa AL
One on 4th- Stillwater Ok
Hayworth Tanglewood-Houston TX
Vintage Horizon West- Winter Garden FL
Apex South Creek- Orlando FL
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
Quote from @Deborah Flint:
Quote from @Deborah Flint:
Quote from @Steve Schaeffer:
@Brett Henricks i'm hoping one of these days the FBI will have a key
Hello Deborah,
The way too private message thx to Brett Hendricks- you can connect as follows: , click on each other and the others profile will come up. In the right hand corner you will see a a box that says "connect". Click on it and you can each exchange information and accept each others connection. Then, when you are on your account. You will see a little bell in the upper right hand corner telling you have messages to read.
Post: Crew Enterprises DST Investors with suspended distributions please PM me
- Posts 25
- Votes 17
@Brett Henricks i'm hoping one of these days the FBI will have a key
Hello Brett,
Can you provide more specifics as to where you found this at?
Post: Ask me (a CPA) anything about taxes relating to real estate
- Posts 25
- Votes 17
Hello Nicholas I I'm going to Drop my taxes off to my CPA tomorrow. But I always like to give him as much information as available and do a dry run with TurboTax. I own a rental Home that the tenant purchased an upgraded laundry set washer and dryer brand new in January 2024 and is now leaving the property behind no strings attached. Since this is now my property can I claim it as section 1245 property since it adds value to the Home which I am listing for sale.