DST Report

Capulent · 1031 Crowdfunding · CRD 2956661

Edward Eric Fernandez

Capulent LLC, CRD 2956661. Commissioned seller on eight DSTs from Element through Vintage. Eighteen pending Versity/Crew / Nelson customer disputes. Also owns 1031 Crowdfunding.

Nelson / Versity Crew / KHCA Broker CRD 2956661 As of 2026-08-20

Commissioned seller on Astoria, Inspire on 22nd, Element, Grant Street, The Nine, Oakbrook, Vintage, and Wolf Run. Currently registered with Capulent LLC (CRD 155155) since 5 Oct 2017 — GS principal and GS rep, Irvine. Form D associated BD was Boustead Securities, LLC (CRD 141391); overlap 2016–18.

Prior: Boustead (2 Jun 2016–23 Feb 2018); Brokerbank; Stephen A. Kohn; Pacific Cornerstone Capital; H&R Block.

Different person from Ed Fernandez CRD 6260652 (now UBS; Molly Barr Form D only). Do not merge.

U4 outside businesses: 1031 Crowdfunding, LLC, owner, same Irvine address, 1031-exchange sales since Aug 2014 (150 hrs/month). 1031 CF Properties, LLC — U4 describes it as a sponsor: property acquisition and management for DSTs that may be offered through the BD. He sold Versity/Crew/Nelson DSTs and sponsors his own.

BrokerCheck as of 20 Aug 2026: 18 pending customer disputes + 1 criminal disclosure event. The 18 are a 2025–26 wave. Named products in the BrokerCheck allegations:

  • Vintage (several claims; one at $150,000 alleged; one paired with Wolf Run at $403,591.22)
  • Hayworth Tanglewood ($175,000 alleged; also with Versity Income Property Notes)
  • One on 4th and Hayworth
  • Wolf Run DST (Apr 2021 sale; $475,000 alleged)
  • Tailor Lofts DST ($197,281)
  • Inspire on 22nd
  • Portfolios described as “Crew/Versity and Nelson Partners”

Criminal disclosure event is a 1994 Orange County municipal-court vehicle-code matter (motorcycle engine numbers, CA VC 10751(a)) — not DST-related.