DST Report

Crew CCMO · Emerson on Astoria · PREP NSM

Jason Douglas Kjellson

Crew chief capital markets officer 2017–2025. Emerson Equity recipient on the Astoria Form D. CRD 3009986. PREP Securities national sales manager since Aug 2025.

Crew / KHCA Nelson / Versity Staff Broker CRD 3009986 As of 2026-08-20

He ran capital-markets / national sales for the Nelson → Versity → Crew book for eight years, then sold the same DSTs as an Emerson Equity rep on at least Astoria.

  • Nov 2018: NB Private Capital managing director. His hire announcement put Bradley Davidson on the internal sales desk. Brian Nelson is quoted in the same release on CP Cincy and Element.
  • Jun 2022: Versity Invest executive vice president and national sales manager. Company line at the time: ~$800 million investor capital, $1.6 billion real estate owned or managed. Press contact was Tanya Muro.
  • Feb 2017–Aug 2025: LinkedIn / AltsWire title is chief capital markets officer, Crew, Aliso Viejo. He posted the Versity→Crew rebrand (May 2024) and presented student housing as an alt at Opal Group AIS (Dec 2023).

Forum docket-readers still treated him as a named voice on investor calls, not a principal. Gregory Owens described a ~2024 meeting with Kjellson, Peterson, and his broker: Kjellson said “despite what you may think, there isn’t anything nefarious going on.”

The Astoria Form D lists him as an Emerson Equity sales recipient (CRD 3009986). BrokerCheck as of 20 Aug 2026: PREP Securities LLC (CRD 188522) since 4 Aug 2025 — DPP, Park City, Utah. AltsWire (8 Aug 2025): national sales manager at PREP’s captive BD, which runs the selling group for PREP Property Group (retail-center repositioning / net lease — not this student-housing book). He arrived with Max Peterson (sales desk manager); PREP’s Kevin Hull said they “already having history together.” Series 7, 22, 63. One judgment / lien.