Multibillion-Dollar Alternative Investment Firm NexPoint Launches Self Storage DST Offering in FL & MD

NexPoint, a multibillion-dollar alternative investment firm, has announced the launch of NexPoint Storage V DST, a Delaware Statutory Trust (DST) offering. This new offering includes two Class-A Generation-V (GenV) storage facilities located in Cape Coral, Florida, and Dundalk, Maryland. Both facilities will be managed by Extra Space Storage, an industry leader in self-storage management.

Locations and Market Fundamentals

The storage properties are situated in the Baltimore-Columbia-Towson, Maryland, and Cape Coral-Fort Meyers, Florida, metropolitan statistical areas (MSAs). These MSAs exhibit positive market fundamentals that NexPoint believes will drive demand and provide value to investors. The $46 million offering is available to accredited investors and is eligible for 1031 exchanges, with a minimum investment of $100,000.

Florida Facility

The Cape Coral facility is located in an MSA that has experienced greater GDP growth per capita than the rest of Florida over the past nine years. This facility is situated in a dense residential area between Interstate 75 and the Gulf of Mexico beaches, and it is less than a mile from a Publix supermarket.

Maryland Facility

The Maryland facility benefits from its location in an MSA with a stable and growing population, higher-than-expected employment growth, and GDP per capita growth exceeding the state average. The property is in a walkable area, approximately five miles from the Baltimore Inner Harbor, two miles from Interstate 95, and near a large regional shopping mall.

Class-A GenV Storage Features

Both Class-A assets include amenities typical of GenV storage facilities, such as enhanced security features and climate-controlled units housed in multi-story buildings. These facilities are located in areas with above-average household incomes, contributing to their attractiveness and demand.

Investment Opportunity

"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. He highlighted that these GenV facilities represent the top self-storage products in their submarkets and are expected to maintain strong occupancies and rental rates in these dynamic MSAs.

NexPoint's Self-Storage Platform

NexPoint's self-storage platform was developed with entrepreneurial developers experienced in selecting, acquiring, and entitling sites for self-storage development. Today, this platform includes an investment portfolio valued at over $2 billion, comprising wholly-owned and managed vehicles and DSTs.