NexPoint Launches Multifamily $32.9M DST Offering for Birmingham Property
Alternative investment firm NexPoint announced the launch of NexPoint Outlook DST, an approximate $32.9 million Delaware statutory trust 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, the high-growth Highway 280 Corridor, and affluent neighborhoods, contributing to strong demand in a metro known for its population growth, young professional demographic, and diversified labor market.
“We see significant opportunity in the multifamily space going into 2026, evident in our second multifamily DST launch this quarter,” said Matt McGraner, NexPoint’s chief investment officer and executive vice president.
According to NexPoint, immediate value-add opportunities include planned renovations and washer/dryer installations, which are expected to drive rent growth and attractive returns. Residents enjoy modern amenities such as quartz countertops, spa-inspired bathrooms, and private balconies, along with community features and accessibility.
The total acquisition cost for the offering is $61,177,430, with an offering size of $32,903,006. Accredited investors may participate with a minimum investment of $100,000, available through cash or a 1031 exchange. The structure provides leverage to investors at 49.85%, with a fixed interest rate of 4.67% and interest-only payments for the full 120-month term.
The property is managed by BH Management, a long-term partner of NexPoint and its affiliates, and one of the nation’s top property management firms. BH Management manages more than 100,000 units nationwide, including more than 22,695 multifamily units across the NexPoint real estate platform.
“With the robust demand for quality multifamily housing, we are pleased to bring this offering to investors seeking institutional-grade real estate exposure and the benefits of tax deferral through Section 1031 exchanges.”
NexPoint launched the NexPoint Oasis DST, an offering of an Orlando area multifamily property, at the end of October. It seeks to raise approximately $46.3 million from accredited investors with a minimum investment of $100,000.
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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