Mr. Nelson serves as a consultant to the Sponsor. Mr. Nelson has extensive TIC and DST and real estate experience, with both student housing and multi-family projects. Mr. Nelson has been directly involved in acquiring real estate projects valued at over $1 billion. Additionally, he has a track record of identifying and syndicating properties that historically have proved a distinct competitive advantage of maintaining value from business and macro-economic cycles. Mr. Nelson has a B.A. from the University of Utah, an MBA from BYU and holds a Series 7 and 63 registrations.

 

In 2007, Mr. Nelson co-founded Nelson Brothers Professional Real Estate (NBPRE). In 2011, Mr. Nelson formulated a proprietary acquisition model for student housing, based on data driven analytics of the categories performance during the Great Recession. Mr. Nelson believed student housing was becoming increasingly popular among institutional investors. Mr. Nelson’s approach sought out student housing in markets not yet permeated by institutional groups, with the anticipation of selling to them as the institutional adoption curve matured.

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Following this model, led by Mr. Nelson, NBPRE grew to more than $1 billion in assets under management by 2017. In 2017, NBPRE was named by Inc. 5000 as the 4th fastest growing real estate firm in the US. The NBPRE model has gone full cycle on 15 properties. In 2018, concerned about rampant growth, the departure from the original model and the result on property performance and investor relations, Mr. Nelson split up the firm from his brother and founded NB Private Capital (NBPC) while retaining ownership in NBPRE.

 

In 2021, NBPC was re-branded to Versity Investments and split focus on student housing properties and multi-family apartments. Mr. Nelson led the entrance into the multi-family DST space with an emphasis on leveraging low interest rates and properties that would benefit from potential rental rate increases and cost-of construction barriers to entry that would likely result from looming record inflation. In particular, Mr. Nelson emphasized Class A assets in millennial-friendly markets like Austin, Orlando and San Diego, believed to be benefactors of the post-COVID, higher tax Biden economy.