Nelson Brothers
11 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 the record shows
Nelson Brothers is the sponsor name behind eleven NB-named real estate programs whose issuers first filed between 2014 and 2017, from NB Darby Row and NB Auraria through NB Loft Vue. Nelson Brothers Professional Real Estate was founded in 2007; after a 2018 restructuring, Brian Nelson started NB Private Capital, which was later renamed Versity Investments, LLC and then Crew. A 2023 filing by that successor platform describes core, stabilized student housing serving large colleges within walking distance of campus, plus selected core and core-plus multifamily. Sponsor track-record material reports the sale of Sawmill in May 2022 and Plaza on Broadway in April 2023.
Sponsor-stated figures are as reported by the sponsor.Evidence 123456
Public filings track 11 Programs over 12 yrs, all 11 lifecycle-eligible, with 2 documented distress events: NB Taylor Bend, DST's apartment property sold through foreclosure in September 2021 after the bankruptcy court lifted the automatic stay, and NB Loft Vue, DST's Chapter 11 filing on July 6, 2021. In the outcome ledger, 3 Programs published a figure, 3 acknowledged an outcome without one, and 3 stayed silent, while 6 sold with the result unknown. The record rests on 24 citations.
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
How this Grade was computed
The four channels describe the documented public record. The published letter also applies evidence gates, ceilings, and adverse floors.
- Ceilings
- The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
- Evidence gates
- A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
- Adverse floors
- An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
- C2026-Q3 · Moved from C. Binding constraints: H below 85; L below 55; T below 60.
- D2026-Q3 · Moved from C. Binding constraints: H below 85; L below 55; T below 60.
- F2026-Q3 · Moved from D on an adverse floor. Binding constraints: H below 85; L below 55; published outcome coverage below two-thirds and no reconciled aggregate.
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
Read the sponsor-stated result
Listed as a completed/full-cycle program on Nelson Brothers's published track record.
Show all 11 Programs
Read the sponsor-stated result
Nelson Partners sold the Auraria Student Lofts (438-bed, 125-unit, downtown Denver) in late 2019, generating 'an excess of 102 percent return for investors achieved in a five-year hold period' per Multi-Housing News (Dec 24, 2019) [1][2].
Who they are
Platform and lineage
Eleven NB-named programs are tracked under the Nelson Brothers sponsor name, with issuer filings first appearing 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) 1.
A 2023 offering statement filed by the successor platform states that Nelson Brothers Professional Real Estate was founded in 2007, that a 2018 restructuring led Brian Nelson to start NB Private Capital, and that NB Private Capital was later renamed Versity Investments, LLC and then Crew. The same filing, dated September 22, 2023, describes a strategy centered on core, stabilized student housing serving large colleges within walking distance of campus, with selective development or value-add student housing and selected core and core-plus multifamily assets in growth markets 2. Crew Enterprises, LLC announced the rebrand on May 6, 2024, describing Crew as formerly Versity Invest and as an acquirer and operator of student and multifamily housing properties 3.
Program outcomes
Versity's full-cycle track record reports that Sawmill was acquired in August 2016 for $37,080,000 and disposed of in May 2022 for $61,250,000, and that Plaza on Broadway was acquired in May 2015 for $24,771,500 and disposed of in April 2023 for $37,500,000 4.
A published Fifth Circuit opinion records that NB Taylor Bend, DST borrowed $13 million; after default and the borrower's bankruptcy, Taylor Bend Apartments in Lafayette County, Mississippi were foreclosed in September 2021 and acquired for $8 million, and the district court awarded North American Savings Bank nearly $6 million plus post-judgment interest, which the appellate court affirmed in its June 4, 2024 opinion 5. A separate federal foreclosure action in the District of Montana, filed November 20, 2025, names NB Stadium View, DST, Brian Nelson, Patrick Nelson and Nelson Brothers Professional Real Estate; the docket shows a receiver and 2026 activity, including an August 25, 2026 order granting a motion concerning property repairs and funding 6.
Show sources (6)Hide sources (6)
- Top1031 sponsor record ↗Top1031-derived
- sec.gov ↗Public record
- prnewswire.com ↗Sponsor disclosure
- altswire.com ↗Sponsor disclosure
- ca5.uscourts.gov ↗Public record
- govinfo.gov ↗Public record