<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2FVg3b_1E1Z3RcK00" alt="https://img.particlenews.com/image.php?url=2FVg3b_1E1Z3RcK00" width="600" height="399" ><figcaption>Sheryl McLain , Edmond</figcaption></figure>Vesta Realty’s Legal Collapse Has Left Tulsa Tenants With No Idea Who to PayRent is due, and Tulsa’s Vesta Realty tenants don’t know who to send it to.Jake Ramsey reports that more than 85 tenants packed into a southeast Tulsa community center July 30 for a city council resource session meant to answer basic questions about who manages their apartments after a court order transferred management of 10 complexes from Vesta to a company called YSA Investments 1. The session provided some clarity but left most of the confusion intact.The legal situation is, by most accounts, extraordinary. Vesta CEO Marc Kulick’s companies have multiple outstanding lawsuits from unpaid contractors, a business partner suing him for personal enrichment and a bankruptcy proceeding filed in Texas. YSA, which was supposed to take over the Tulsa properties, was itself thrown into Chapter 11 bankruptcy five minutes before its principal was to testify in court — leading a judge to immediately appoint a trustee. Two bankruptcy proceedings in two different states now govern the same properties.The backstory involves Efraim Diveroli, best known as the real-life basis for the Jonah Hill character in the film “War Dogs,” who made Kulick multiple high-interest loans at a 7,000% daily compound rate — legal in Delaware, where the deal was structured. When Diveroli exercised his option to claim the properties, locks were changed and police were called at multiple locations.Tenants in the meantime are living without air conditioning, receiving conflicting instructions about who manages their building and wondering whether paying the wrong party will result in an eviction filing on their permanent record.“It’s so complicated,” one Legal Aid attorney told the city council session, “that some of the best lawyers in Tulsa don’t know who is in control of some of these properties.”More worth knowing: Data Centers Opt for Local UtilitiesOklahoma passed a law last year allowing energy-hungry facilities to build their own power. But as data center announcements sprout up across Oklahoma, most include plans to work with local utilities. [StateImpact]Second Religious Charter School Court Fight BeginsA second attempt to open the nation’s first publicly funded religious charter school landed in an Oklahoma courtroom in what could be another step toward returning the issue to the U.S. Supreme Court. At issue was whether the Oklahoma Statewide Charter School Board acted constitutionally when it twice denied Ben Gamla Jewish Charter School’s request to open and operate using taxpayer money. [Oklahoma Voice] [Tulsa World ▲] [StateImpact]Fields to Finish Secretary’s TermRather than choosing a new education secretary for the final five months of his term, Gov. Kevin Stitt tapped Oklahoma’s state superintendent to serve as his top adviser on school policy. Lindel Fields will hold both positions, Stitt said, following Education Secretary Dan Hamlin’s recent departure. Oklahoma’s next governor, who would choose his or her own Cabinet officials, will take office in January, as will the next elected state superintendent. [Oklahoma Voice]▲=Possible paywall“You see, the thing is that in Oklahoma, there was no inherited tradition of racial aristocracy. We didn’t know what we were supposed to be unable to do.”—Ralph EllisonCiao for now,Ted StreuliExecutive Director, Oklahoma Watch<figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3IgxKp_1E1Z3RcK00" alt="https://img.particlenews.com/image.php?url=3IgxKp_1E1Z3RcK00" width="800" height="1000" ></figure>Help Us Make a DifferenceOklahoma needs high-quality investigative journalism. That is our mission at Oklahoma Watch. We produce stories that hold government and public officials accountable and make transparent what some prefer to keep secret. We depend on financial support from readers like you to sustain our coverage. Will you help us make a difference?<h2>Support our publication </h2>Republish our articles for free, online or in print, under a Creative Commons license.</div></body>

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Vesta Realty’s Legal Collapse Has Left Tulsa Tenants With No Idea Who to Pay. Rent is due, and Tulsa’s Vesta Realty tenants don’t know who to send it to. Jake Ramsey reports that more than 85 tenants packed into a southeast Tulsa community center July 30 for a city council resource session meant to answer basic questions about who manages their apartments after a court order transferred management of 10 complexes from Vesta to a company called YSA Investments 1. The session provided some clarity but left most of the confusion intact.

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Vesta Realty’s Legal Collapse Has Left Tulsa Tenants With No Idea Who to Pay. Rent is due, and Tulsa’s Vesta Realty tenants don’t know who to send it to. J

First Watch: Stuff You Should Know

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