NexPoint Launches $49 Million Marina DST, Its Second This Year
NexPoint has launched NexPoint Marina II DST, a $48.97 million Delaware statutory trust offering backed by two marina properties on Norris Lake in Tennessee and Lake Barkley in Kentucky. The minimum investment from accredited investors is $100,000.
The company acquired the properties for approximately $44 million. The offering is the sponsor’s second marina-focused DST this year, following NexPoint Marina DST, a $42.7 million offering backed by Eufaula Cove Marina in Oklahoma and Grafton Harbor in Illinois that launched in March and fully subscribed in July, according to prior AltsWire reporting.
The new offering is backed by Stardust Marina on Norris Lake in Andersonville, Tenn., and Kuttawa Harbor Marina on Lake Barkley in Kuttawa, Ky. Stardust Marina spans roughly 55 acres with 598 slips across five floating dock structures and has historically operated at or near full occupancy, according to NexPoint. The property added approximately 62 wet slips in a June 2026 expansion. Kuttawa Harbor Marina covers approximately 25 acres with 409 slips and an active waitlist, and NexPoint said recent dock expansions there are expected to add capacity.
Both properties will be managed by New Haven Property Management, which NexPoint described as an experienced marina operator handling waterfront asset management, guest services, fuel operations, dock services, and ancillary revenue.
“NexPoint Marina II DST reflects our strategy of acquiring high-quality real estate assets in sectors supported by favorable supply and demand dynamics,” Taylor Colbert, managing director for NexPoint, said in a statement. “Both properties exhibit strong operating performance, diversified revenue streams, and embedded expansion opportunities that we believe can support long-term value creation for investors.”
The launch continues a busy year for NexPoint’s DST platform. The sponsor fully subscribed its first marina DST in July and launched NexPoint Lodging II DST, an $81.6 million offering backed by two hotel properties, in mid-July – NexPoint’s 34th DST offering, according to the company, bringing its cumulative DST acquisitions to more than $3.2 billion since the platform’s launch nearly a decade ago.
NexPoint said marina real estate benefits from a large, sticky boater base, limited waterfront development sites, and high barriers to entry tied to environmental permitting.
NexPoint is a multibillion-dollar alternative investment firm based in Dallas with businesses spanning real estate, corporate credit and equities, and retirement solutions.
For more NexPoint news, visit its directory page.
