NexPoint Marina DST launched
NexPoint Marina DST launched
Investment firm NexPoint has announced the launch of NexPoint Marina DST, a Delaware statutory trust ('DST') offering, backed by two established, full‑service marina properties - Eufaula Cove Marina in Eufaula, Oklahoma, and Grafton Harbor in Grafton, Illinois.
NexPoint is a multibillion-dollar investment firm based in Dallas, Texas, with its latest offering being NexPoint Marina DST. The firm is structured around three major business areas – real estate, corporate credit and equities, and retirement solutions.
Eufaula Cove Marina, located on Lake Eufaula, the largest lake entirely within Oklahoma, features a comprehensive dock system, 459 marina slips and eight jest ski slips, and multiple ancillary revenue sources including fuel, food and beverage, retail sales, and a Jellystone‑branded RV and cabin resort. The marina benefits from high occupancy, consistent regional tourism, and diverse income streams. The 400 wet slip options, ranging from 20’ to 100’, are designed to fit everything from weekend cruisers to larger vessels.
Grafton Harbor, situated along the Mississippi River near its confluence with the Illinois River, is a hospitality‑oriented marina with 252 Marina Slips and 25 jet ski slips, fuel services, a floating pool, and strong transient demand from river travellers navigating the iconic Great American Loop. With over 200 wet slips available, the marina accommodates a wide range of watercraft, from jet skis to yachts.
Taylor Colbert, Director of Real Estate for NexPoint, said:
“This offering reflects our focus on delivering differentiated institutional quality real estate through tax advantage structures. Marinas are supported by durable demand, high tenant retention, and meaningful barriers to new supply, making them a compelling real estate category over the long term.”
According to NexPoint’s press release, NexPoint Marina DST had a total acquisition cost of approximately $38.7 million and a total capitalisation of $42.7 million, and represents an attractive long‑term investment opportunity supported by durable boating demand, limited new marina supply, and the strong operating performance of two premier waterfront destinations.
The U.S. marina industry benefits from sustained recreational boating participation, structural supply constraints, and high tenant retention. Waterfront development barriers, environmental permitting complexity, and scarcity of suitable land continue to limit new marina construction, supporting occupancy and pricing strength for existing assets.
Marinas also offer diversified income beyond slip rentals, including fuel, retail, dining, lodging, maintenance, and recreation, which can enhance NOI and create multiple levers for operational growth.
NexPoint’s businesses span asset classes, industries, and strategies, providing the flexibility to invest across capital structures and market environments.
Serving a diverse client base, NexPoint’s investment strategies are offered in a range of vehicles and fund structures, including mutual funds, public and private REITs, tax-advantaged vehicles, private funds, and separate accounts
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