Tailor Lofts
Chicago, IL. Form D 21 Feb 2019. Offering $32,014,541.
- Asset
- 315 South Peoria Street, Chicago, IL 60607. High-rise student housing, UIC.
- Offering
- Form D 6 Mar 2019 · first sale 21 Feb 2019 · $32,014,541 · CIK 0001769459
- Related persons
- Brian Nelson, Blake Wettengel, Tanya Muro.
- Selling group
- 1 commissioned seller across 1 broker-dealer. Pending disputes are allegations.
- COVID supplement
- Second supplement 23 Dec 2021 (ROA 47 Exhibit C). UIC closed campus Mar 2020; distributions paused May 2020; offering paused with ~$1.7 million unsold. Original PPM 22 Feb 2019; first supplement 8 Apr 2020.
- Live legal posture
- Plaintiff in OC 30-2026-01543537 (filed 29 Jan 2026). Allegations.
- 12206 conservative line
- 21 Feb 2025, if the actual close is near the Form D first sale. Pull the subscription date.
Waterfall nine. The Real Deal (18 Aug 2025): delinquent with Buckingham. Nelson blamed the fight with Wettengel/Muro. Edward Fernandez pending disputes name this DST.
Related persons: Brian, Blake, Tanya. The commissioned seller is Emerson as a firm (no individual CRD on that line).
A 23 Dec 2021 second PPM supplement in the 10 Jul 2026 OC opposition: UIC closed campus in March 2020; the property was 92% occupied for Spring 2020 and about 50% pre-leased for Fall 2020; 5.50% cash-on-cash distributions paused in May 2020; the offering paused with about $1.7 million of interests unsold. Named plaintiff in OC 30-2026-01543537. Allegations in that suit.