Troubled student-housing complex ordered into receivership

GREELEY — University Flats, a 262-bed student-housing complex at 1758 Sixth Ave., has been ordered by a Weld County District Court judge into receivership after lawsuits against the property owner that alleged loan defaults and mechanics liens. 

In an order dated Oct. 24, Judge Shannon Lyons ordered that Nelson Partners LLC, the owners of the property through the affiliate Greeley Land LLC, turn the complex over to a receiver “to protect the value of the Real Property and to market and sell the Real Property to satisfy the claims of creditors with respect to the Real Property.”

San Clemente, Calif.-based Nelson is…