Odd thing about Social media, you can watch a divorce in real time: Stayfitbrit & S2 cap

He signed as a personal guarantor on an $85 million deal with Citi. His part is $10 million, and with interest, that is now $11.5 million, and Citi has sued him for it.

He is now trying to raise capital for another fund but the fund will basically be insolvent from day one. Many think he is doing this to restructure and get out of the personal guarantee to Citi.

FYI, his home is not worth $45 million and he owes $14.4 million on it

Dude is toast. He made a lot of money for people when money was cheap but so did a lot of RE bros. It's easy when money is cheap, but he had no experience outside of the cheap money era and essentially gambled and lost with other people's money.

If this newest fund goes belly up too, dude should probably go to prison for it

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Capital One just sued Scott Everett. His $400 million multifamily fund returned $0 to investors. And now he's raising a $115 million continuation vehicle to buy back the same 9,718 apartments at 95% leverage.

This story keeps getting wilder. He had an incredible track record before this. I think every real estate investor needs to understand what happened here because dozens of syndicators ran this exact playbook between 2020 and 2022.

The playbook was simple: buy apartments with floating rate debt, layer on a rate cap, assume rents would grow 5%-10% per year forever, and raise capital from passive investors on Instagram and TikTok with projected 20%+ IRRs. Then rates moved, rent growth stalled, the debt repriced at 2x the original rate, and the equity got wiped out almost overnight.

What makes the continuation vehicle so wild is the structure. $1.2 billion of senior debt against a $1.26 purchase price. That's 95% leverage on day one. Trailing NOI barely covered interest at 1.08x. And $96 million of the *equity* is paper from the two failed vehicles being converted at face value. No third party on earth would pay face value for that paper.

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Where is the divorce?

I don't know what any of this means

I guess this is why I don't have a plastic wife and impending prison time

He should run for Congress. It's okay to steal.

Those people couldn't be more Dallas if they tried.

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Dude is toast. He made a lot of money for people when money was cheap but so did a lot of RE bros. It's easy when money is cheap, but he had no experience outside of the cheap money era and essentially gambled and lost with other people's money.

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very similar to the Brandon Turner story on that shitty aparment complex he bought in Houston that went belly up earlier this year.

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Suddenly I dont feel so bad about my credit score.

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Plenty of these syndicates are in trouble.

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Yep. It's a ticking time bomb

I can't wait for that mini storage dude, Nick Huber, to STFU

Someone posted just how bad his fund is

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Over the past seven years the S&P 500 had an annualized return of 17.2% and the Nasdaq had one of 22.6%. Self storage REITs had an annualized return of 8.7%. Most of the return came from the 2021 period too of ultra low interest rates. These storage REITs are the top tier storage units.

Stuff that Nick Huber owns probably did much worse as his portfolio is located in the arse crack of America. In addition, his LPs get stuck with his massive GP fees and stuck in an illiquid vehicle you can’t sell. I’m also not sure when he started but anyone who got into his LP dumpster fire in the 2021 era is probably massively underwater.

Lesson here. Just buy stocks as they have liquidity. Don’t mess around with these GP gangsters. They look out for themselves and no one else. You will not get good returns as a CRE LP. Prove me wrong.

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100% she is divorcing him soon if she hasn’t filed already. Women in 2026 don’t stick around for the hard times.

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Her Instagram is mind-numbingly superficial and performative. Like way more than usual. She is a narcissistic and shallow person

LINK

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Yep. It's a ticking time bomb I can't wait for that mini storage dude, Nick Huber, to STFU

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I feel bad for the normal people that put their money into this, but most of these social media guys who spew complete arrogant bullshite completely deserve this.