Nightingale Associates(@FCNightingale):The FBI has opened a probe into Texas-based multifamily syndicator Lurin Capital following a series of lawsuits alleging fraud. Launched in 2016, Lurin had amassed a portfolio of 10,000 Class-C apartments across five Sun Belt states. The company planned to upgrade the properties, raise rents and flip them for a profit. In 2025, ACORE Capital Mortgage moved to foreclose on 12 Florida Panhandle properties owned by Lurin that backed a nearly $400M loan. More than 2,000 units hit the auction block, TRD reported. ACORE also won a summary judgment against Venetos after he personally guaranteed almost $20M in mezzanine loans, TRD reported this month. #CommercialRealEstate

2026.09.20 19:18

The FBI has opened a probe into Texas-based multifamily syndicator Lurin Capital following a series of lawsuits alleging fraud. Launched in 2016, Lurin had amassed a portfolio of 10,000 Class-C apartments across five Sun Belt states. The company planned to upgrade the properties, raise rents and flip them for a profit. In 2025, ACORE Capital Mortgage moved to foreclose on 12 Florida Panhandle properties owned by Lurin that backed a nearly $400M loan. More than 2,000 units hit the auction block, TRD reported. ACORE also won a summary judgment against Venetos after he personally guaranteed almost $20M in mezzanine loans, TRD reported this month. #CommercialRealEstate#

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