NexPoint Fully Subscribes $42M Life Science DST, Sixth Offering to Close in 12 Months

Alternative investment firm NexPoint has fully subscribed its NexPoint Life Science II DST, a Delaware statutory trust offering that raised nearly $42 million in equity raised since its spring 2023 launch.

This is the sixth DST that NexPoint fully subscribed in the last 12 months. Since December of last year, NexPoint announced the closing of two self-storage DST offerings, along with small-bay industrial, semiconductor manufacturing, and lodging DST offerings, totaling approximately $337 million in equity raised across the six offerings.

NexPoint Life Sciences II featured two life sciences assets located in Philadelphia, an emerging hub for innovation in the sector. The properties are leased to drug developer and manufacturer Adare Pharma Solutions. NexPoint said Adare’s expansion into Philadelphia leverages the city’s robust academic and research institutions, dynamic healthcare ecosystem, and supportive business environment.

“This closing underscores the strength of the life sciences manufacturing sector, which has translated into compelling real estate opportunities,” said Matt McGraner, NexPoint Real Estate Advisors’ chief investment officer. “We continue to see long-term value in this area of the life science real estate space and are excited to bring unique opportunities like these to investors through our investment offerings.”

Earlier this month and previously reported by AltsWire, the company launched NexPoint Outlook DST, an approximate $32.9 million DST offering of a multifamily property in Birmingham, Ala. Outlook at Greystone is a 300-unit, Class-A apartment community strategically located in Southeast Birmingham, offering a range of studio to three-bedroom floorplans that average 905 square feet with in-place rents of $1,367 per month. The property benefits from proximity to major healthcare and employment centers and the high-growth Highway 280 Corridor.

Also this month, NexPoint Real Estate Finance Inc. (NYSE: NREF) – a publicly traded real estate investment trust sponsored by NexPoint – announced the closing of its 9% Series B cumulative redeemable preferred stock offering, with approximately $404.5 million raised to date. This fully subscribed its initial $400 million offering amount.

NexPoint is a Dallas-based 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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