#self-storage #United States #Dallas #Delaware Statutory Trust #NexPoint

NexPoint's Major Expansion in Self-Storage

In a strategic move to amplify its footprint in the self-storage market, NexPoint, a prominent alternative investment firm, officially launched its sixth self-storage Delaware Statutory Trust (DST) known as NexPoint Storage VI DST. This launch takes place on January 6, 2025, and features two state-of-the-art storage facilities situated in Nashville, Tennessee, and Temple Hills, Maryland, strategically located in major metropolitan statistical areas.

The facilities, recognized as Generation-V (GenV) Class-A storage units, are managed by Extra Space Storage, a well-respected name in the self-storage sector. Each facility is designed to meet the needs of the modern consumer, promising enhanced features such as advanced security systems and fully climate-controlled units.

Investment Highlights

With a funding target of $45 million, this latest offering is a prime example of NexPoint's ongoing commitment to creating valuable investment opportunities. Renowned for facilitating 1031 exchanges, which allows investors to defer capital gains taxes by reinvesting in real estate, this venture is open exclusively to accredited investors, each needing a minimum investment of $100,000.

Temple Hills Facility

The Temple Hills location is ideally positioned approximately 10 miles southeast of Washington, D.C., in Prince George's County. Given its proximity to vital highways and thriving commercial areas, this facility is expected to attract a substantial customer base. The Washington Metropolitan Statistical Area boasts a steadily growing population, fueled by job opportunities from influential sectors such as government, healthcare, and education, which fortifies its investment viability.

Nashville Facility

On the other hand, the Nashville facility caters to a region that has emerged as a significant hub for business and tourism. Nashville's robust infrastructure, including major highways and airport access, positions it as a favorable environment for growth. The global popularity of Nashville further boosts the demand for self-storage solutions, making this property a noteworthy asset.

Commitment to Quality

John Good, the CEO of NexPoint Storage, emphasized the distinguishing qualities of the GenV storage facilities, stating, “Self-storage has remained the fastest-growing sector in the commercial real estate industry throughout the last 40 years. The launch of NexPoint Storage VI DST solidifies our growing presence in the market.” This declaration underscores NexPoint’s strategy to maintain high occupancy rates and robust rental performance in these flourishing regions.

NexPoint's Growth Journey

Since its inception in 2015, NexPoint has constantly adapted its self-storage platform to integrate diverse investment opportunities effectively. Their portfolio not only includes wholly-owned and managed vehicles but also different types of DSTs that collectively exceed a valuation of $1.9 billion. The company's approach has always involved collaborating with seasoned developers proficient in site selection and property acquisition, ensuring a fruitful trajectory in the self-storage marketplace.

About NexPoint

NexPoint operates from Dallas, Texas, and is recognized as a multibillion-dollar alternative investment firm. Its expansive operations encompass several investment strategies across real estate, corporate credit, and insurance solutions. NexPoint's structure is designed to offer clients a wide range of investment vehicles, including public and private REITs, tax-advantaged entities, and private funds, ensuring flexibility across various market conditions. For further details regarding NexPoint's offerings, interested parties may visit nexpoint.com.

As NexPoint continues to expand its self-storage platform, it remains dedicated to meeting the evolving needs of its investors while contributing to the economic fabric of the communities it serves.

Whether you are an investor looking for stable returns or a resident seeking reliable storage options, the launch of NexPoint Storage VI DST marks an optimistic development in today’s competitive real estate landscape.