345 Flats
Form D 10 Dec 2018. Offering $19,395,880.
- Asset
- 345 South Depeyster Street, Kent, OH 44240. 147 units / 288 beds, Kent State (PPM excerpt).
- Purchase (PPM)
- Closed 29 Nov 2018 · $27,500,000 from Kent Summit, LLC. Loan $12,750,000 (UBS).
- Offering
- Form D 2 Jan 2019 · first sale 10 Dec 2018 · $19,395,880 · CIK 0001762969. PPM excerpt Maximum Offering Amount $19,395,880 · min $50,000.
- Related persons
- Brian Nelson, Blake Wettengel, Tanya Muro.
- Selling group
- 1 commissioned seller across 1 broker-dealer. Pending disputes are allegations.
- Live legal posture
- Plaintiff in OC 30-2026-01543537 (filed 29 Jan 2026). Allegations.
- 12206 conservative line
- 10 Dec 2024, if the actual close is near the Form D first sale. Actual subscription dates, not Form D dates, are the ones that matter.
Waterfall nine. Form D first sale 10 Dec 2018. Related persons: Brian, Blake, Tanya. One commissioned seller (Emerson).
Forum: distributions stopped June 2024 and have not resumed (8 Sep 2026 post).
A PPM excerpt in the 10 Jul 2026 OC opposition names NB Private Capital as sponsor, close 29 Nov 2018 at $27.5 million, 147 units / 288 beds at 345 South Depeyster, and a $12.75 million UBS loan. Property manager on that offering: Redstone Residential Management Group, Inc. Named plaintiff in OC 30-2026-01543537. Allegations in that suit.