Nate Paul Arrested, Jailed

Nate Paul, a notorious Austin commercial real estate developer, has been arrested on a federal warrant and is being held in the Travis County Jail. Paul, and his World Class Holdings, have faced numerous lawsuits, bankruptcies and foreclosures. The Austin Business Journal reports Paul had amassed dozens of properties in Austin and was not afraid to tout them, often putting a banner up on the building announcing “Another World Class Property.”

Paul’s office was raided in 2019 by federal investigators causing a cascading effect for World Class, leading to a series of bankruptcy filings. In the summer of 2021, World Class lost a chunk of its portfolio across a series of foreclosure sales. The legal wrangling continued in 2022, a year which saw World Class forced to sell off some of its most desirable properties through the bankruptcy process.

It’s unclear why exactly Paul is being detained now.