A student-housing operator that tenants and investors say has badly mismanaged high-end properties across the country has added a Wall Street colossus to the list of legal opponents. Benjamin Rasmussen, The New York TimesProspective renters are given a tour of the Auraria Student Lofts in Denver on Sept. 23, 2021. Fortress Investment Group, an investment firm managing money for institutional and private clients, has mounted an attempt to seize control of a high-rise student apartment building in Denver from Patrick Nelson and his company, Nelson Partners Student Housing. Nelson Partners, which operates housing complexes in eight states, has been sued by investors who say that Nelson owes them tens of millions of dollars.
Housing Operator Fights Students, Investors And Now A Wall Street Colossus
The New York Times News Service Syndicate, Denver Post: Business
Tue, 02/22/2022 - 6:00am
Topics: benjamin rasmussen sept fortress investment group patrick partners student housing nelson partners austin axonic capital earlier michael staheli cordes nelson s san clemente california fannie mae mississippi texas christian university houston cantor fitzgerald related articles illegal pete s wheat ridge west colfax explainer tiny colorado grand junction december tempe arizona utah wall street the new york times auraria lofts nelson texas axonic fortress november co the university texas skyloft students investors firm property building loan properties million denver dollars sold millions claim fund purchase work manager control purchased hedge receiver money called complexes generates affiliate tenants company removed elevators pay owes tens high-rise finance court private weeks pandemic process lenders year foreclose statement controlled bankruptcy bought alarms billion subject foreclosure
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