AUSTIN, Texas — GVA Real Estate Group, an Austin-based multifamily real estate investment and operating company, today pointed to a sworn deposition testimony given by plaintiff Bryan Kastleman in May 2026, in which Kastleman repeatedly conceded he could not support the allegations at the center of his litigation against GVA. The company reads this testimony as the latest evidence that Kastleman’s case rests on assumption rather than evidence.
Background
Kastleman filed lawsuits in November of 2025 after expressing dissatisfaction with returns on speculative property investments managed by GVA. Many of those properties were heavily affected by the series of federal funds rate hikes that began in 2022. GVA maintains that the allegations made by Kastleman are unsubstantiated.
Parallel claims brought by Overwatch Fund were dismissed with prejudice by the Travis County district court in January, followed by an affidavit from Overwatch’s principal confirming that a thorough investigation produced no evidence of the fraudulent transfer they had alleged.
Kastleman’s lead counsel was subsequently moved to a secondary role, and the plaintiffs voluntarily dropped their statutory fraud claim. GVA has taken these strategic shifts as indication that Kastleman’s case, like that of Overwatch Fund, lacks firm standing.
Uncertainty About Defendants
Under oath on May 26, Kastleman stated it was his opinion that GVA founder Alan Stalcup had defrauded him. Asked the same question about the several corporate defendants he had sued, he became uncertain. He testified he was “not sure” whether GVA Pro defrauded him, “not sure” about GVA Investco, and “not sure” about New Aspen Management. He attributed the uncertainty to not knowing “the role that each of those entities played in the GVA organization.”
GVA believes that Kastleman’s inability to say which entity allegedly defrauded him suggests a lack of real evidence in relation to any of the accused entities.
Allegations Built on Assumption
Throughout the deposition, Kastleman repeatedly admitted that he lacked the facts to back the most serious and provocative accusations he had made in emails to other investors.
He had written that the dispute “likely is the largest financial crime perpetrated in Austin, if not Texas.” Asked what supported that, he acknowledged he had no specific figure and had simply assumed the entire multi-billion-dollar equity GVA had raised was fraudulent: “I assume it all was.”
He had written, in regard to Stalcup’s place of residence, that Stalcup was “likely living the good life with the money he stole from us.” He then conceded he did not know how Stalcup paid for the home in question, explaining, “that’s why I said likely.”
He had written that Stalcup had “unlimited money to fight us using stolen money.” Pressed on the evidence, he admitted, “I don’t know how he was paying his lawyers,” and that the claim rested on an assumption.
Kastleman had also referenced multiple “disgruntled GVA employees” supplying him with information. Asked to identify them, he could name only one, a former employee he knew to be disgruntled and whose account he testified he never once doubted.
Uninformed On Matters of the Case
Over the course of the examination, Kastleman answered “I don’t know,” “I don’t recall,” or “I’m not sure” more than 50 times.
Kastleman, who testified that he has completed more than 50 real estate deals, also showed a surprising lack of knowledge or care about the details of his relevant business with GVA.
He alleges he was misled by capital call notices that, in his telling, concealed reimbursements to GVA. The notices themselves stated that operating shortfalls and capital expenditures had been “bridged by GVA” pending reimbursement. Asked about that language, Kastleman testified he “didn’t really pay that much attention to it at the time” and, when asked directly, said he could not say what “bridged” meant “in this context” despite his extensive experience as a real estate investor. Kastleman did recognize that “reimburse” means “to pay back.”
About GVA Property Management
GVA is a commercial real estate operator and investor specializing in multifamily apartment communities across the Southeastern United States and Texas markets. GVA was founded with a mission to make a positive impact on communities, deliver strong returns for investors, and provide exceptional career opportunities for employees.
Contact:
Michael Oberrender
512.497.0797