NexPoint Announces $46M Self-Storage DST Offering

NexPoint, a Dallas-based alternative investment firm, launched NexPoint Storage V DST, a $46 million Delaware Statutory Trust offering that includes two Class-A storage facilities in Cape Coral, FL and Dundalk, MD. The facilities will be managed by Extra Space Storage.

The properties are in the metropolitan statistical areas of Baltimore-Columbia-Towson, MD, and Cape Coral-Fort Meyers, FL. Both MSAs feature fundamentals that NexPoint believes will boost demand for storage facilities while also providing value to investors.

The offering is open to accredited investors and qualifies for 1031 exchanges, with a $100,000 minimum investment, according to the firm.

Both assets include enhanced security, all climate-controlled units in one self-contained multi-story building, and location in areas with above-average household incomes.

“The launch of NexPoint Storage V DST provides investors with another opportunity to invest in NexPoint’s state-of-the-art self-storage portfolio,” Matt McGraner, EVP of the DST Sponsor, said. “We believe that these GenV facilities represent the top self-storage product in their respective submarkets and will continue to maintain strong occupancies and rental rates in these dynamic MSAs.”

The investment portfolio includes wholly owned and managed vehicles and DSTs, valued over $2 billion.