NexPoint
Sponsor Overview
NexPoint is a Dallas-based alternative investment manager affiliated with Highland Capital Management and James Dondero. The firm sponsors the NexPoint Real Estate Advisors platform which includes NREA DST offerings targeting multifamily. 3 full-cycle DST exits: NREA Adair DST (2017-2022), NREA Estates DST (2018-2022), and NREA Meritage DST (2018-2023) — delivering avg 16.8% AAR, 1.65x EM over 4.6 years with 100% success. Two of the three exits were sold to NXRT (NexPoint Real Estate Trust), a related-party REIT — raising RELATED-PARTY EXIT concerns for DST/TIC comparisons since these are not arms-length third-party sales.
Sponsor Notes
- Sun Belt multifamily with value-add repositioning
- Captive REIT (NXRT) provides exit liquidity
- Related-party buyers on 2 of 3 full-cycle exits
- Affiliated with Highland Capital / James Dondero platform
Sponsor Overview
Firm Name
NexPoint
Headquarters
Dallas, TX
Year Founded
2012
Assets Under Management (AUM)
$19B+
Preferred Sponsor
Yes
Performance
Full-Cycle DSTs
3
Average Annual Return
16.83%
Average Equity Multiple
1.65x
Average Hold Period
4.64 Years
Success Rate
100.00%
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