By Matthew Goldstein | The New York Times
Between the busted elevators, the malfunctioning fire alarms and the utilities being shut off for weeks at a time, the students at a half-dozen off-campus housing complexes across the country say they’re not getting what they paid for.
The investors in some of those properties, who may be out tens of millions of dollars, say the same thing.
And they all blame Patrick Nelson, a would-be real estate mogul whose nascent student housing empire is teetering.
“Sometimes the hallways are dark,” said Ashley Kubacki, 22, a senior at Purdue University who pays $965 a month for a one-bedroom apartment in The Fairway housing complex just off campus. “It is pitch black and it can be scary. Someone could get hurt.”
