#United States #Dallas #NexPoint #Marina DST #Eufaula Cove

NexPoint Launches First Marina DST Offering

On March 4, 2026, NexPoint, a prominent multibillion-dollar alternative investment firm based in Dallas, Texas, made a significant announcement introducing the NexPoint Marina DST. This Delaware statutory trust (DST) offering is backed by two well-established full-service marina properties: Eufaula Cove Marina in Eufaula, Oklahoma, and Grafton Harbor in Grafton, Illinois.

With an acquisition cost of approximately $38.7 million and total capitalization nearing $42.7 million, the NexPoint Marina DST stands as an attractive long-term investment opportunity. Key factors contributing to this appeal include a robust demand for recreational boating, a scarcity of new marina supply, and the excellent operating performance of these two esteemed waterfront locations.

Overview of the Marinas

Eufaula Cove Marina

Situated on Lake Eufaula, the largest lake wholly contained within Oklahoma, Eufaula Cove Marina boasts a comprehensive docking system inclusive of 459 marina slips and eight jet ski slips. This vibrant marina offers diverse revenue-generating opportunities through services such as fuel sales, food and beverage offerings, retail sales, and a Jellystone-branded RV and cabin resort. The high occupancy rates and consistent regional tourism solidify its status as a leading recreational hub within the area.

Grafton Harbor

Nestled along the Mississippi River at its confluence with the Illinois River, Grafton Harbor functions as a hospitality-oriented marina. It features 252 marina slips and 25 jet ski slips, and is equipped with essential services such as fuel and a unique floating pool. Its strategic location merely 38 miles north of St. Louis positions it as a pivotal stop for river travelers on navigational routes like the Great American Loop.

Investment Insights

According to Taylor Colbert, Director of Real Estate at NexPoint, “This offering reflects our commitment to delivering differentiated institutional quality real estate through tax advantage structures.” He further elaborated on how marinas benefit from durable demand, high tenant retention, and significant barriers to new supply, thus indicating that marinas represent a compelling category for long-term real estate investment.

The U.S. marina industry is buoyed by sustained participation in recreational boating, straightforward supply constraints, and a high tenant retention rate. Challenges such as waterfront development barriers, complex environmental permitting issues, and the limited availability of suitable land significantly restrain the construction of new marinas, reinforcing the occupancy and pricing strength of existing assets.

In addition to slip rentals, marinas generate diversified income through fuel services, retail, dining, lodging, maintenance, and recreational activities. This multifaceted revenue model not only enhances Net Operating Income (NOI) but also presents various levers for operational growth.

About NexPoint

NexPoint is a multibillion-dollar investment firm that operates within three main spheres: real estate, corporate credit and equities, and retirement solutions. Its business model encompasses various asset classes, industries, and investment strategies, granting it the flexibility to engage across diverse capital structures and market environments. Catering to a broad clientele, NexPoint's strategies are rendered through a myriad of vehicles and fund structures, including but not limited to mutual funds, private and public REITs, tax-advantaged vehicles, and private funds. For more information, including critical risks and disclosures, visit nexpoint.com.

This announcement is solely for informational purposes and does not constitute an offer to buy or sell securities. Any offers will be extended solely through a private placement memorandum to accredited investors, where permitted by law.