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Sponsors/Nelson Brothers
NB

Nelson Brothers

DST sponsor · first SEC filing 2014

Sponsor status: Restructured in 2018: original Nelson Brothers Professional Real Estate split into NB Private Capital (Brian Nelson), later rebranded Versity Investments/Crew Enterprises, and the separate Nelson Partners (Patrick Nelson).Restructured in 2018: original Nelson Brothers Professional Real Estate split into NB Private Capital (Brian Nelson), later rebranded Versity Investments/Crew Enterprises, and the separate Nelson Partners (Patrick Nelson).Source 1 ↗Source 2 ↗Source 3 ↗
Public record notes
  • Reported not counted BUCKINGHAM, DST: exit marked distressed on news or aggregator evidence only; reported, not counted. Source ↗ Source 2 ↗ Source 3 ↗ Source 4 ↗ Source 5 ↗
Active offerings0None in current SEC filings
Programs on record29 →SEC Form D filings
First filed2014Earliest Form D on record
Property focusMultifamily 11 of 6 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 16, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
F
Grade F

5 completed sales; 9 losses or impairments; 14 counted Programs. 7 losses or impairments within three years.

Completed sales: 5
Lost or impaired 9 · Counted Programs 14
See the full cardRead the method

Nelson Brothers has sponsored 29 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2014. None of its offerings is active in SEC filings today; its most recent Form D was first filed in 2022.

1Offerings2Record Card3About4Track record 295News6Questions7Similar sponsors
OfferingsRecord CardAboutTrack record 29NewsQuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings
  2. 2Record Card
  3. 3About
  4. 4Track record 29
  5. 5News
  6. 6Questions
  7. 7Similar sponsors
  8. 8Next step

Nelson Brothers DST offerings (0 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a 1031 specialist about Nelson Brothers

No active offerings are on record for this sponsor.

Nelson Brothers Record Card

Top1031 Sponsor Record Card

Nelson Brothers

How this letter was decided
F
Grade F

5 completed sales; 9 losses or impairments; 14 counted Programs. 7 losses or impairments within three years.

Completed sales 5Losses or impairments 9Counted Programs 14

Of 29 Programs, 14 count toward the Grade: 5 completed sales and 9 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

Losses and impairments on the record
  • NB Taylor Bend, DST · Recorded default · Distress · Jun 25, 2021 · Document ↗
  • NB Loft Vue, DST · Recorded default · Distress · Jul 6, 2021 · Document ↗
  • NB Vue Mac, DST · Foreclosure · Mar 6, 2024 · Document ↗
  • NB Darby Row, DST · Distress · Jul 22, 2024 · Document ↗
  • NB FLATS DST · Foreclosure · Recorded default · Feb 19, 2025 · Document ↗
  • NB MOUNTAIN VALLEY, DST · Foreclosure · Recorded default · Aug 1, 2025 · Document ↗
  • NB STADIUM VIEW, DST · Receivership · Foreclosure · Feb 20, 2026 · Document ↗
  • TAILOR LOFTS, DST · Recorded default · Mar 11, 2026 · Document ↗
  • NB ELEMENT DST · Foreclosure · Recorded default · Apr 1, 2026 · Document ↗
Programs found in SEC fundraising filings (Form D)
29
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
5
Sold according to the sponsor, not yet verified by us
2
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
9
Older than 7 years, confirmed still operating
3
Older than 7 years, no public outcome found
5
No outcome recorded · under 7 years
5
Share of programs over 3 years old whose status we confirmed
76%
Sources searched
  • SEC EDGAR Form D filings
  • Sponsor offering documents
  • Court, county and regulator records: PACER and federal court dockets, Epiq/KCC/Stretto claims-agent dockets, county recorder and sheriff-sale records, regulator filings, press wires

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About Nelson Brothers

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 · SEC filing · 2023 · nytimes.com · Web page · 2021 · Top1031 sponsor record · globenewswire.com · Press release · 2022 · sec.gov · SEC filing · 2024 · ca5.uscourts.gov · PDF document · 2024 · +1 more

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 Sawmill 4. 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 years 5.

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, Mississippi 6.

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 California 7.

Show sources (7)Hide sources (7)
  • sec.gov · SEC filing · 2023 ↗ Public recordJan 1, 2023
  • nytimes.com · Web page · 2021 ↗ Independent reportNov 3, 2021
  • Top1031 sponsor record ↗
  • globenewswire.com · Press release · 2022 ↗Jun 1, 2022
  • sec.gov · SEC filing · 2024 ↗Dec 1, 2024
  • ca5.uscourts.gov · PDF document · 2024 ↗ Public recordJun 4, 2024
  • deb.uscourts.gov · PDF document · 2026 ↗ Public recordMay 13, 2026
Written from SEC filings and cited sources · Updated Sep 2, 2026

Nelson Brothers track record (29 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
NB SAWMILL TIC 2, LLCFirst filed 2016Completed sale Source ↗
Sold, no result reported
SEC filings ↗
NB Chateau Sera, DSTFirst filed 2015Completed sale Source ↗
Sold, result reported by others, not by the sponsor
SEC filings ↗
NB The Plaza, DSTFirst filed 2015Completed sale Source ↗
Sold, no result reported
SEC filings ↗
NB Auraria, DSTFirst filed 2014Completed sale Source ↗
Sold, result reported by others, not by the sponsor
SEC filings ↗
NB Duck Abbey, DSTFirst filed 2014Completed sale Source ↗
Sold, no result reported
SEC filings ↗
WALK, DSTFirst filed 2022No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
ASTORIA, DSTFirst filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
OAKBROOK, DSTFirst filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
CAMPUS WALK, DSTFirst filed 2020No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
345 FLATS, DSTFirst filed 2019No sponsor-reported figure
Still operating, confirmed
SEC filings ↗
NB GATHERING, DSTFirst filed 2019No sponsor-reported figure
Sold according to the sponsor, not yet verified
SEC filings ↗
NINE, DSTFirst filed 2019No sponsor-reported figure
Still operating, confirmed
SEC filings ↗
ROCKLAND, DSTFirst filed 2019No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
TAILOR LOFTS, DSTFirst filed 2019No sponsor-reported figure
Lost or impaired investor capital · Recorded defaultDocument ↗
SEC filings ↗
BUCKINGHAM, DSTFirst filed 2018No sponsor-reported figure
No public outcome foundDocument ↗
SEC filings ↗
NB CP CINCY, DSTFirst filed 2018No sponsor-reported figure
Still operating, confirmed
SEC filings ↗
NB ELEMENT DSTFirst filed 2018No sponsor-reported figure
Lost or impaired investor capital · Foreclosure · Recorded defaultDocument ↗
SEC filings ↗
NB FLATS DSTFirst filed 2017No sponsor-reported figure
Lost or impaired investor capital · Foreclosure · Recorded defaultDocument ↗
SEC filings ↗
NB GARDENS, DSTFirst filed 2017No sponsor-reported figure
No public outcome found
SEC filings ↗
NB GRANT STREET, DSTFirst filed 2017No sponsor-reported figure
Sold according to the sponsor, not yet verified
SEC filings ↗
NB Loft Vue, DSTFirst filed 2017No sponsor-reported figure
Lost or impaired investor capital · Recorded default · DistressDocument ↗
SEC filings ↗
NB Molly Barr, DSTFirst filed 2017No sponsor-reported figure
No public outcome found
SEC filings ↗
NB MOUNTAIN VALLEY, DSTFirst filed 2017No sponsor-reported figure
Lost or impaired investor capital · Foreclosure · Recorded defaultDocument ↗
SEC filings ↗
NB STADIUM VIEW, DSTFirst filed 2016No sponsor-reported figure
Lost or impaired investor capital · Receivership · ForeclosureDocument ↗
SEC filings ↗
NB Vue Mac, DSTFirst filed 2016No sponsor-reported figure
Lost or impaired investor capital · ForeclosureDocument ↗
SEC filings ↗
NB Avalon, DSTFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
NB Taylor Bend, DSTFirst filed 2015No sponsor-reported figure
Lost or impaired investor capital · Recorded default · DistressDocument ↗
SEC filings ↗
NB Tuscany Place, DSTFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
NB Darby Row, DSTFirst filed 2014No sponsor-reported figure
Lost or impaired investor capital · DistressDocument ↗
SEC filings ↗
Show all 29 programsShow fewer

Other Nelson Brothers offering records

  • SHADOWGLEN, DSTHistorical
  • VINTAGE, DSTHistorical
  • WOLF RUN, a Delaware Statutory TrustHistorical

Nelson Brothers news

  1. Jul 24, 2026

    NB Duck Abbey DST sold in December 2024

    Event: Dec 2024 · Top1031

  2. Jul 28, 2026

    NB Darby Row DST distress record in July 2024

    Event: Jul 2024 · Top1031

  3. Aug 24, 2026

    NB Molly Barr DST completed a partial sale in April 2024

    Event: Apr 2024 · Top1031

More Nelson Brothers coverage (4)
  1. Jul 26, 2026

    NB Loft Vue DST distress record in March 2024

    Event: Mar 2024 · Top1031

  2. Jul 24, 2026

    NB The Plaza DST sold in April 2023

    Event: Apr 2023 · Top1031

  3. Jul 27, 2026

    NB Sawmill Tic 2, LLC sold in June 2022

    Event: Jun 2022 · Top1031

  4. Jan 27, 2020

    Nelson Partners Buys Student Housing Asset for Nearly $200 Million

    AltsWire ↗

Questions about Nelson Brothers DSTs

Does Nelson Brothers have DST offerings available now?
None of Nelson Brothers’ offerings is active in SEC filings today. Its most recent Form D was first filed in 2022.
How many DST programs has Nelson Brothers sponsored?
Top1031 found 29 Nelson Brothers programs in SEC Form D filings. The first was filed in 2014. Each is listed in the track record on this page with a link to its SEC filings.
What kind of property does Nelson Brothers put in its DSTs?
Of the six Nelson Brothers offering records on Top1031, one is multifamily.
What results has Nelson Brothers published for its DSTs?
On its Record Card, none of its 29 programs sold with a result reported by the sponsor yet. Of the rest, five sold without a result reported by the sponsor and two sold by the sponsor’s account but not yet verified. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about Nelson Brothers offerings?
Use the “Ask a 1031 specialist about Nelson Brothers” button at the top of Nelson Brothers’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other DST sponsors with active offerings

  • Cove Capital Investments logoCove Capital Investments18 active · 101 programs on record
  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • Inland Private Capital logoInland Private Capital8 active · 235 programs on record
  • Net Lease Capital Advisors logoNet Lease Capital Advisors8 active · 30 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

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Top1031 is a data and education platform, not a broker-dealer, investment adviser, tax advisor, law firm, qualified intermediary, or securities issuer.

Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

Data may be incomplete or delayed, and Top1031 does not audit sponsor-reported figures. Sponsor Grades are editorial sponsor assessments, not offering ratings or recommendations.

Review the current offering documents and consult qualified professionals. Gated offering data is intended for users who self-attest that they are accredited investors.

Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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