New updates have been reported about NexPoint.
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NexPoint has introduced NexPoint Marina DST, a Delaware statutory trust structured around two full‑service marina assets, signaling a targeted expansion of its tax‑advantaged real estate platform. The vehicle, backed by Eufaula Cove Marina in Oklahoma and Grafton Harbor in Illinois, carries an acquisition cost of about $38.7 million and total capitalization of $42.7 million, positioning marinas as a strategic niche within NexPoint’s alternative investment lineup.
Management is framing the DST as a long‑duration, income‑oriented play supported by resilient U.S. boating demand, constrained waterfront supply, and demonstrated operating strength at the underlying properties. Eufaula Cove Marina, on Lake Eufaula, offers 459 slips, jet ski berths, fuel, F&B, retail, and a Jellystone‑branded RV and cabin resort, providing diversified revenue streams and high occupancy driven by regional tourism.
Grafton Harbor, located near the confluence of the Mississippi and Illinois rivers and 38 miles from St. Louis, contributes 252 slips, 25 jet ski slips, fuel services, and a hospitality‑heavy offering, capturing transient traffic from Great American Loop travelers. NexPoint views marinas as benefiting from high tenant retention, meaningful barriers to new development, and pricing power created by environmental permitting complexity and scarcity of suitable shoreline.
According to Taylor Colbert, Director of Real Estate, the launch underscores NexPoint’s focus on delivering institutional‑grade real estate exposure through tax‑efficient vehicles targeting accredited investors. The move broadens NexPoint’s real estate footprint within its multi‑billion‑dollar platform, which also spans corporate credit, equities, and retirement solutions, and could support future marina or specialty‑asset offerings that leverage similar DST structures.
For NexPoint, the initiative strengthens its competitive positioning in alternative real assets, aligns with investor demand for tax‑advantaged income strategies, and creates additional levers for NOI growth through ancillary marina revenues such as lodging, retail, and recreation. While not a public securities offering, the transaction illustrates how NexPoint is using private and tax‑advantaged structures to deploy capital in supply‑constrained, experience‑driven segments of the U.S. real estate market.