By Erick Pirayesh
Feb 27, 2023, 7:30 PM
Real Deal Austin 2023
World Class Holdings CEO Nate Paul’s investment empire continues to be sold off in bankruptcy proceedings.
A bankruptcy court in Austin approved the sale of 13 single-story office buildings and a retail strip center in the Domain, one of Austin’s fastest-growing neighborhoods, to a mystery buyer. World Class defaulted on a series of loans and was forced to sell the properties after a lengthy court battle while looking to delay the forced sale.
Paul, a real estate investor and developer, quickly amassed a multibillion-dollar real estate empire before he turned 30. But he’s been hit with multiple foreclosures and bankruptcies, plus a raid by the FBI in 2019.