NexPoint Launches 6th DST Offering for Self-Storage InvestorsNexPoint Launches 6th DST Offering for Self-Storage Investors

NexPoint Advisors, an alternative-investment firm operating across various real estate industries including self-storage, has launched NexPoint Storage VI DST, a Delaware Statutory Trust (DST) offering. Sized at $45 million, it’s open to accredited investors and eligible for 1031 exchanges, with a minimum investment threshold of $100,000, according to a press release.

The company’s sixth offering includes two self-storage facilities in Temple Hills, Maryland, and Nashville, Tennessee, that’ll be branded and managed by real estate investment trust Extra Space Storage Inc. NexPoint considers them Generation-V (GenV) sites, meaning they contain enhanced security and all climate-controlled units in one self-contained, multi-story building. They’re also in areas with above-average household incomes, the release stated.

“Self-storage has remained the fastest-growing sector in the commercial real estate industry throughout the last 40 years, and the launch of NexPoint Storage VI DST solidifies our growing presence in the market,” said John Good, CEO. “We believe these GenV facilities set the benchmark for high-quality self-storage in their respective submarkets, and we expect them to maintain strong occupancy and rental performance in these thriving [Metropolitan Statistical Areas].”

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The company launched NexPoint Storage V DST in June, announcing in December that the offering was fully subscribed and had reached its goal of $46 million in equity.

Launched in 2020 and based in Dallas, NexPoint originates, executes, finances and manages self-storage investments, with a focus on newly built, multi-story, climate-controlled facilities. Its investment portfolio is valued in excess of $2 billion.

Source: PRNewswire, NexPoint Launches Sixth Storage DST, Continuing Expansion of Firm's Self-Storage Platform