Earlier in his career, media reports called the now 33-year-old real estate investor a “wunderkind,” a “rising star” and a “prodigy.” Now he’s fighting more than a dozen bankruptcies and has been linked to criminal allegations against an embattled Texas politician.
Walk through downtown Austin or its rapidly developing nearby neighborhoods and it’s impossible to miss the massive black banners draped over office buildings, warehouses and bars. “Another World Class Project,” reads one posted to the metal siding of a squat industrial building downtown. Other banners riff on their own ubiquity with a pithy line popularized by DJ Khaled: “Another One.” The promotional campaign belongs to an Austin-based real estate investment firm owned by Nate Paul. World Class Capital Group has acquired an enviable portfolio of some of Austin’s choicest parcels with ambitious plans to lease or develop them. Paul has described himself in media reports as wanting to become “the youngest self-made real estate billionaire.” Click to read more at www.texastribune.org.