NexPoint Secures $45 Million for Self-Storage with Full Subscription of DST Offering

NexPoint Reaches Milestone with $45 Million Self-Storage DST Subscription

In a significant move for the self-storage investment sector, NexPoint, a leading alternative investment firm, has successfully fully subscribed its NexPoint Storage VI Delaware Statutory Trust (DST), achieving a remarkable $45 million in equity funding since the offering's launch in January. This milestone showcases the company's robust growth and increasing confidence within the alternative investment market.

NexPoint Storage VI includes two state-of-the-art GenerationV (GenV) Class-A storage facilities strategically located in Temple Hills, Maryland, and Nashville, Tennessee. These properties are meticulously managed by Extra Space Storage, one of the most recognized names in self-storage management across the United States, ensuring that they meet the highest standards of service and security.

The storage facilities not only boast critical accessibility to stable and growing metropolitan areas but also feature premium amenities that define GenV storage solutions. This includes advanced security measures, fully climate-controlled units, and multi-story building designs, all situated in neighborhoods with above-average household income, which maximizes the potential for stable returns.

“We are grateful to our partners who helped fully subscribe our sixth self-storage offering,” stated Matt McGraner, Chief Investment Officer and Executive Vice President of NexPoint. He expressed excitement about continuing to provide investors access to this thriving sector of the self-storage market.

NexPoint’s self-storage platform, which spans various locations and property types, was built in collaboration with innovative developers who carry extensive experience in selecting, acquiring, and entitled self-storage sites. The current platform represents an impressive investment portfolio, which includes wholly-owned and managed entities along with various DSTs valued well over $2 billion.

Being established in Dallas, Texas, NexPoint operates within three primary areas: real estate, corporate credit, and insurance solutions. These segments enable the firm to offer flexibility for investments across multiple asset classes and strategies, appealing to a wide and diverse client base. NexPoint delivers investment opportunities through various structures, such as mutual funds, public and private REITs, and tax-advantaged vehicles, tailored to fit various investor needs.

As the self-storage sector continues to expand and evolve, NexPoint remains at the forefront, ready to adapt and innovate as market conditions change. The success of this $45 million offering not only underscores the firm’s capabilities but also illustrates a growing investor appetite for alternative assets in a diverse economic landscape.

Conclusion

The full subscription of NexPoint's Storage VI DST is a notable achievement that sets the stage for future growth and opportunity within the self-storage investment arena. As NexPoint continues to leverage its experience and partnerships, investors can look forward to engaging in promising ventures that this dynamic asset sector has to offer. For further details on NexPoint and its various investment strategies, visit nexpoint.com.