NexPoint Launches Marina-Focused DST Backed by Two Full-Service Properties
NexPoint has launched NexPoint Marina DST, a Delaware statutory trust backed by two established, full-service marinas: Eufaula Cove Marina in Eufaula, Oklahoma, and Grafton Harbor in Grafton, Illinois. The properties were acquired for approximately $38.7 million, with a total capitalization of about $42.7 million.
Eufaula Cove Marina sits on Lake Eufaula and features a comprehensive dock system with 459 marina slips and eight jet ski slips. The property also generates diversified ancillary revenue from fuel sales, food and beverage, retail operations, and a Jellystone-branded RV and cabin resort.
Grafton Harbor, located along the Mississippi River near its confluence with the Illinois River, is a hospitality-focused marina with 252 boat slips and 25 jet ski slips. Amenities include fuel services and a floating pool, while the location benefits from strong transient boating demand from travelers navigating the Great American Loop.
“This offering reflects our focus on delivering differentiated institutional quality real estate through tax advantage structures,” said Taylor Colbert, Director of Real Estate for NexPoint. “Marinas are supported by durable demand, high tenant retention, and meaningful barriers to new supply, making them a compelling real estate category over the long term.”