Distressed multifamily investor Lurin Capital and its founder Jon Venetos are facing a new lawsuit from their Uptown Dallas landlord, Rosewood Property Company. The complaint alleges that Venetos personally owes $5.3 million for an office lease at Rosewood Court, located at 2101 Cedar Springs Road.
According to the lawsuit, Lurin Capital signed a 10-year lease in 2018 for office space at the property. The company expanded its leased area several times, eventually moving into a larger 6,425-square-foot office by May 2024. Lease modifications extended the agreement until 2035 and set out a payment schedule beginning at $46 per square foot, increasing to $60 per square foot by the end of the term.
Rosewood claims that Venetos began making irregular rent payments starting in July 2024 and stopped paying altogether by June 2025. The landlord terminated the lease in October, with Lurin Capital vacating in November. Despite being located in one of Dallas’ most desirable office districts, Rosewood says it has not been able to find a new tenant for the space.
The $5.3 million sought by Rosewood covers overdue rent and fees, future rent obligations under the lease terms, and attorney costs. The lawsuit is based on Venetos’ personal guarantee of the lease.
This case adds to several lawsuits currently pending against Jon Venetos and Lurin Capital from lenders, vendors, cities, and other landlords over unpaid debts. Earlier this year Acore Capital Mortgage filed suit after alleging that Venetos defaulted on nearly $400 million across a dozen properties in Florida. Since then Fannie Mae has sued over a $77 million default while Vista Bank and Keybank have also initiated legal action regarding alleged defaults. In October Acore filed additional suits claiming Venetos still owes $81 million personally guaranteed debt.
Lurin Capital was also recently subject to a temporary restraining order requiring residents to vacate one of its Plano properties due to unsafe living conditions related to lack of water, sewer or gas access.
