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The once high-flying student housing owner is facing daunting legal and economic troubles that could threaten the firm’s future

Chicago-based CA Ventures was on a roll during the pandemic, expanding into student housing and life sciences. But by fall 2023, after three years of rapid growth and high-profile deals, cracks began to show. Issues like unpaid rents at their headquarters, multimillion-dollar lawsuits, and accusations of misappropriated funds have raised serious questions about the company's future.

The firm’s financial struggles began in 2023, with missed payments and mounting litigation, including accusations from investors, contractors, and even local governments. Since then, CA Ventures has been battling with numerous lawsuits and has had to resort to selling off properties and reducing staff in order to turn things around. But the lawsuits seem to just keep coming. 

CEO Tom Scott has been blamed for the money issues and defaults the firm has faced. Despite the calls for his resignation, he has stood firm in denying many of the allegations in the litigation against his firm and is optimistic that the company will chart a path forward. But as the company faces a mountain of legal challenges and a long cycle of negative headlines, is optimism enough?

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