NexPoint Launches DST Investment Offering With 3-Property Self-Storage Portfolio
April 20, 2023
NexPoint Storage Partners Inc., the affiliate self-storage platform of alternative-investment firm NexPoint Advisors, has launched a Delaware statutory trust (DST), NexPoint Storage IV DST, which intends to raise $70.3 million in investment offering. The DST includes two self-storage facilities in Phoenix and another in the St. Petersburg, Florida, Metropolitan Statistical Area (MSA), according to a press release.
“We are very excited to launch NexPoint Storage DST IV with ownership in three premium assets in two MSAs that are among the top-10 fastest growing in the U.S. and in one of the fastest-growing sectors in the commercial real estate space,” said CEO John Good. “We believe this is a terrific opportunity for accredited investors to gain exposure to the self-storage sector.”
The three acquisitions are managed by self-storage real estate investment trust (REIT) Extra Space Storage Inc.
Launched in 2020, NexPoint Storage originates, executes, finances and manages self-storage investments, with a focus on newly built, multi-story, climate-controlled facilities. It’s an affiliate platform of Dallas-based NexPoint Advisors, which is comprised of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. The firm provides differentiated access to real estate and other alternatives through public and private REITs, tax-advantaged real estate vehicles, registered funds, and other offerings. It has interests across multiple property types and is part of an integrated network of investment-management and financial-services businesses.
Source: PR Newswire, NexPoint Launches Fourth Self-Storage DST Offering with Three Premium Assets
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