NexPoint Fully Subscribes Second Small Bay Industrial DST
DALLAS, Feb. 11, 2025 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment firm, today announced that it has fully subscribed Small Bay II DST, a Delaware statutory trust ('DST') offering comprised of two small bay industrial properties in Orlando, Florida. The offering has reached its total goal of $38.8 million in equity raised since its launch in July 2024.
The two properties included in the fully subscribed DST offering are The Lakefront Property, which offers 192,767 square feet of flex and multi-tenant industrial space across four buildings, and The Belle Property, a 186,162 square-foot property comprised of 13 recently renovated small bay industrial buildings.
The properties benefit from accessibility to a high-growth metropolitan statistical area with higher income, education, and employment levels. The properties owned by the DST will help meet the increasing demand for flexible industrial, office, and warehouse space in the growing region.
'We believe the flexibility of use and favorable supply/demand dynamics make the small bay sector well positioned for growth in 2025,' said Matt McGraner, NexPoint Chief Investment Officer and Executive Vice President of the DST Sponsor. 'We are pleased to see strong subscription activity in our second small bay offering that supports our outlook for the sector.'
NexPoint launched its first small bay industrial DST, Small Bay I, in 2023 as a $59.5 million offering. For both of its small bay DST offerings, NexPoint partnered with Basis Industrial, a privately held and vertically integrated real estate owner and operator, to streamline continued growth and performance of these assets.
About NexPoint
NexPoint is a multibillion-dollar investment firm based in Dallas, Texas. The firm is structured around three major business areas: real estate, corporate credit and equities, and insurance solutions. NexPoint's businesses span asset classes, industries, and strategies, providing the flexibility to invest across capital structures and market environments. Serving a diverse client base, NexPoint's investment strategies are offered in a range of vehicles and fund structures, including mutual funds, public and private REITs, tax-advantaged vehicles, private funds, and separate accounts. For more information, visit nexpoint.com.
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Basis currently owns over 2.5 million square feet of self-storage and industrial real estate and is scheduled to close on another one million square feet in 2023. Active markets for Basis include South Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles and select urban markets nationwide. BaySpace is the property management arm of Basis. For more information, visit www.basisindustrial.com or www.bayspace.com.
Important Disclosures
Only Accredited Investors who meet certain minimum requirements may invest. Investing in Delaware Statutory Trust interests involves a high degree of risk and is not suitable for all investors. An investment in an Interest is highly speculative, illiquid and involves substantial risk including the potential loss of your entire investment. Past performance does not guarantee future results. Before investing, please review the applicable offering materials, including NexPoint Small Bay II DST's Private Placement Memorandum dated June 7, 2024, as amended or supplemented from time to time, including the 'Risk Factors.'
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