NexPoint Launches Self-Storage Delaware Statutory Trust Offering With 2 Properties in Florida and Maryland

NexPoint Advisors, has launched NexPoint Storage V DST, a Delaware Statutory Trust (DST) offering. It includes two storage facilities in Cape Coral, Florida, and Dundalk, Maryland, that’ll be branded and managed by self-storage real estate investment trust Extra Space Storage Inc., according to a press release.

The offering, sized at $46 million, is open to accredited investors and eligible for 1031 exchanges, with a minimum investment threshold of $100,000. The properties are in the Baltimore-Columbia-Towson, Maryland, and Cape Coral-Fort Meyers, Florida, metropolitan statistical areas (MSAs). NexPoint considers them Generation-V (GenV) sites, meaning they contain enhanced security and all climate-controlled units in one self-contained multi-story building, and are located in areas with above-average household incomes, the release stated.

“The launch of NexPoint Storage V DST provides investors with another opportunity to invest in NexPoint's state-of-the-art self-storage portfolio,” said Matt McGraner, executive vice president of the DST sponsor. “We believe that these GenV facilities represent the top self-storage product in their respective submarkets and will continue to maintain strong occupancies and rental rates in these dynamic MSAs.”

Launched in 2020 and based in Dallas, NexPoint originates, executes, finances and manages self-storage investments, with a focus on newly built, multi-story, climate-controlled facilities. Its investment portfolio is valued in excess of $2 billion.

Source: PR Newswire, NexPoint Launches Self-Storage DST Offering with Class-A Properties in Maryland and Florida