Nelson Brothers
20 Programs on record · filing history back to 2014 · 0 classified as raising now
Website not on recordSponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s Record Card?
Nelson Brothers
7 of 7 resolved programs lost or impaired investor capital. 1 further event reported without a primary record, not counted. Sponsor status: renamed.
Lost or impaired investor capital 7Counted outcomes 7
- Programs found in SEC fundraising filings (Form D)
- 20
- Share of programs over 3 years old whose status we confirmed
- 75%
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
Show all 20 Programs
What is raising now?
Classified active by Top1031 from SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
Who is behind this record?
Nelson Brothers is the sponsor name attached to eleven NB-named programs whose issuers first filed between 2014 and 2017. A 2023 filing records Nelson Brothers Professional Real Estate as founded in 2007 and states that a 2018 restructuring led Brian Nelson to start NB Private Capital, renamed Versity Investments, LLC and then Crew; that platform sponsors and services Delaware statutory trusts built for 1031 exchanges, emphasizing student housing and market-rate multifamily property. Validated outcome records show property sales for NB Sawmill TIC 2 in June 2022 and NB Duck Abbey in December 2024, while court records document bankruptcy and lender enforcement at NB Taylor Bend and NB Element.
Sponsor-stated figures are as reported by the sponsor.Sources: sec.gov · The New York Times · Top1031 sponsor record · Top1031 validated outcome · ca5.uscourts.gov · deb.uscourts.gov
Platform and lineage
A 2023 offering statement filed by the successor platform states that Nelson Brothers Professional Real Estate was founded in 2007 and that a 2018 restructuring led Brian Nelson to start NB Private Capital, which was later renamed Versity Investments, LLC and then Crew; the same filing describes that platform as sponsoring and providing services to Delaware statutory trusts designed primarily for 1031 exchange transactions, with an emphasis on student housing and market-rate multifamily properties1. The New York Times reported in November 2021 that Patrick Nelson founded Nelson Partners after the Nelson Brothers split, making Nelson Partners a separate post-split business from the Nelson Brothers sponsor line2.
Eleven NB-named programs are tracked under the Nelson Brothers sponsor name, first appearing in issuer filings between 2014 and 2017: NB Darby Row, NB Auraria and NB Duck Abbey (2014); NB Taylor Bend, NB The Plaza, NB Chateau Sera, NB Tuscany Place and NB Avalon (2015); NB Sawmill TIC 2, LLC and NB Stadium View (2016); and NB Loft Vue (2017)3.
Program record
Top1031's validated outcome record for NB Sawmill TIC 2, LLC reports an exit by property sale dated June 1, 2022, citing a same-day announcement that Coastal Ridge Real Estate and Goldman Sachs Asset Management acquired The Commons at Sawmill4. A second validated outcome record reports NB Duck Abbey, DST as exited by property sale in December 2024, after a hold of about 10.4 years5.
A published Fifth Circuit opinion dated June 4, 2024 records that NB Taylor Bend, DST defaulted and filed Chapter 11 after its debt was accelerated, that the bankruptcy court lifted the stay in September 2021 so the pledged apartments could be foreclosed, and that an affiliate of North American Savings Bank acquired them for $8 million; the sponsor-reported track record identifies the collateral as Taylor Bend Apartments in Lafayette County, Mississippi6.
A May 13, 2026 memorandum opinion of the U.S. Bankruptcy Court for the District of Delaware describes NB Element, DST as a single-asset Delaware statutory trust whose sole asset is a Sacramento student-housing project. At Fannie Mae's request the trust entered receivership in September 2025 and filed Chapter 11 in April 2026, having borrowed more than $53 million secured by the property; venue was transferred to the Eastern District of California7.
Show sources (7)Hide sources (7)
- sec.gov ↗Public record
- The New York Times ↗Independent report
- Top1031 sponsor record ↗Top1031-derived
- Top1031 validated outcome ↗Top1031-reviewed source
- Top1031 validated outcome ↗Top1031-reviewed source
- ca5.uscourts.gov ↗Public record
- deb.uscourts.gov ↗Public record
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