#NexPoint #DST Offering #Small Bay III

NexPoint Launches Small Bay III DST Offering

NexPoint, an alternative investment firm valued in the billions, has just announced the launch of its latest investment opportunity, the NexPoint Small Bay III DST. This Delaware statutory trust offering encompasses two strategically located small bay industrial properties, one in Deerfield Beach, Florida, and the other in Richardson, Texas.

Overview of the Offering

The total size of this offering is approximately $50,382,493, which adds about 510,000 square feet of multi-tenant warehousing and industrial space to NexPoint's expansive DST portfolio. With this addition, the company's portfolio now boasts over 1.3 million square feet across three distinct DST offerings, making it one of the largest investable portfolios in the flexible real estate sector eligible for 1031 exchanges. Investors interested in this opportunity will find a minimum investment threshold set at $100,000.

Taylor Colbert, NexPoint's Director of Real Estate, expressed enthusiasm regarding the venture, stating, “With rising demand for flexible, small-scale industrial properties, we believe this is an ideal time to grow our small bay portfolio and are excited to offer investors access to these unique assets.”

Property Listings

The NexPoint Small Bay III DST consists of two primary properties:
1. Deerfield Property, located in Deerfield Beach, Florida, featuring 102,245 rentable square feet.
2. Arapaho Property, a significant 19-building complex in Richardson, Texas, comprising 407,669 rentable square feet.

The Deerfield Property is well positioned just 15 miles from downtown Fort Lauderdale. This location is part of the growing Miami-Fort Lauderdale-West Palm Beach metropolitan area, where steady population growth and escalating income and education levels hint at an increasingly robust economy.

On the other hand, the Arapaho Property sits on over 31 acres within the Dallas-Fort Worth metropolitan area, which ranks as the fourth largest in the country. This area is notable for leading Texas in population growth, household median income, and job creation. These favorable conditions for demand in small bay industrial properties further solidify the offering's attractiveness.

NexPoint's recent foray follows a successful previous investment, the Small Bay II DST, which was fully subscribed at $39 million. To grow the DST assets effectively, NexPoint has partnered with Basis Industrial, a private real estate owner and operator skilled in the field.

Collaboration with Basis Industrial

Basis Industrial has collaborated with NexPoint in this endeavor. Dan Weinstein, CEO of Basis Industrial, expressed pride in partnering again for another significant small bay transaction. He noted,