NexPoint Fully Subscribes $39 Million Industrial Small Bay II DST
Alternative investments firm NexPoint has fully subscribed Small Bay II DST, a Delaware statutory trust offering comprised of two small bay industrial properties in Orlando, Fla. The offering has reached its total goal of $38.8 million in equity raised since its July 2024 launch.
The two properties included in the DST 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, according to NexPoint, are intended to 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.
Earlier this year, the company launched NexPoint Storage VI DST, a $45 million DST comprised of a pair of storage facilities managed by Extra Space Storage. In December 2024, it fully subscribed its NexPoint Storage V DST after raising $46 million in equity since launch. That latter offering included two Class A storage facilities located in Cape Coral, Fla., and Dundalk, Md.
NexPoint is a multibillion-dollar alternative investment firm comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles.
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