Lakefront Property and Belle Property – Orlando, FL
Industrial property · sponsored by NexPoint
Lakefront Property and Belle Property – Orlando, FL was a DST sponsored by NexPoint that owned an industrial property. Its last Form D, filed Feb 26, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Feb 26, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $38,775,526Equity offered, per the Form D
- Sold
- 100%Form D, Feb 26, 2025; the % is our arithmetic
- Investors reported
- Form D, Feb 26, 2025122
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,392,859 · 8.7% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Lakefront Property and Belle Property – Orlando, FL. Top1031 is not a broker-dealer.Lakefront Property and Belle Property – Orlando, FL · Photo: nexpoint.com
What did the Trust own?
Basis Industrial acquired Lakefront I and II, on Chancellor Drive in Orlando, for $25 million on June 25, 2024, weeks before the Trust's offering launched. 4 NexPoint describes Lakefront as four flex and multi-tenant industrial buildings. 1 The companion asset, marketed as BaySpace Belle at 1200–1270 Belle Avenue in Winter Springs, comprises 13 recently renovated small-bay industrial buildings. 2
- Property size
- Lakefront: 192,767 sf; Belle: 186,162 sf; Total: ~378,929 sf
How was it financed, and what did it cost to sell?
Neither the Form D record nor NexPoint's releases state the Trust's debt. A third-party 1031 marketplace listing described the portfolio as carrying fixed-rate, interest-only financing — scheduled payments covering interest, with principal due at maturity — and no lender is named in any public source located. 5
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,392,859 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,135,653 · 2.9% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition/facilitation fees that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 13 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- American Trust Investment Services, Inc. · CRD 3001
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- IBN Financial Services, Inc. · CRD 42360
- Lightpath Capital, Inc. · CRD 34617
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Realized Financial, Inc. · CRD 22333
- Vanderbilt Securities, LLC · CRD 5953
- Wealthforge Securities, LLC · CRD 152550
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 18, 2024
- Minimum investment
- $100,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind the Trust?
NexPoint sponsors 1031 exchange programs grouped by asset theme, and this was its second small-bay industrial DST, assembled with the owner-operator Basis Industrial, whose BaySpace arm handles property management. 1 AltsWire reported that NexPoint's Storage V DST was fully subscribed in December 2024 after raising $46 million, two months before this offering closed. 6
- Sponsor
- Offerings on record
What does the SEC record show?
The record opens with a Form D — the short notice a private offering files with the SEC — then runs through amendments restating amounts sold and investor counts as the raise progressed. The first sale is reported as July 18, 2024. 7 The offering could be advertised publicly, which requires verifying each buyer's accredited status.
- Legal Trust name
- NexPoint Small Bay II DST
- SEC CIK
- 2031522
- First Form D
- Jul 24, 2024
- Latest Form D
- Feb 26, 2025
- Filings on record
- 12
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $38,775,526 | $38,775,526+$331,841 | 122+3 | EDGAR | |
| Form D/A | $38,775,526 | $38,443,685+$1,778,531 | 119+6 | EDGAR | |
| Form D/A | $38,775,526 | $36,665,154+$1,117,870 | 113+5 | EDGAR | |
| Form D/A | $38,775,526 | $35,547,284+$2,229,232 | 108+7 | EDGAR | |
| Form D/A | $38,775,526 | $33,318,052+$3,822,667 | 101+19 | EDGAR | |
| Form D/A | $38,775,526 | $29,495,385+$4,187,563 | 82+13 | EDGAR | |
| Form D/A | $38,775,526 | $25,307,822+$5,839,298 | 69+15 | EDGAR | |
| Form D/A | $38,775,526 | $19,468,524+$1,779,007 | 54+9 | EDGAR | |
| Form D/A | $38,775,526 | $17,689,517+$2,561,078 | 45+12 | EDGAR | |
| Form D/A | $38,775,526 | $15,128,439+$5,899,180 | 33+18 | EDGAR | |
| Form D/A | $38,775,526 | $9,229,259+$3,292,355 | 15+11 | EDGAR | |
| Form D | $38,775,526 | $5,936,904 | 4 | EDGAR |
Show all 12 SEC Form D filings
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Lakefront Property and Belle Property – Orlando, FL?
- Lakefront Property and Belle Property – Orlando, FL is a Historical offering. The last Form D, filed Feb 26, 2025, reports the offering fully sold.
- What does "small bay industrial" actually mean?
- Small bay — also called flex — industrial parks divide a building into many modest suites, each with its own loading door, leased to contractors, distributors, service businesses and light manufacturers. Instead of one tenant on one long lease, the owner manages dozens of shorter local leases, which spreads tenant risk but requires active leasing and management.
- Who are the tenants?
- No tenant roster for the Lakefront or Belle properties appears in the SEC filings or in NexPoint's public releases. A third-party 1031 marketplace listing reported the portfolio at 85.6% average occupancy with roughly 2.68 years of average remaining lease term. A full rent roll and lease schedule would appear only in the offering documents.
- Where exactly are the two properties?
- NexPoint identified them as Lakefront Business Park on Chancellor Drive in Orlando, Florida — reported as 6101, 6149, 6203 and 6251 Chancellor Drive at acquisition — and BaySpace Belle at 1200–1270 Belle Avenue in Winter Springs, a suburb northeast of Orlando.
- Does this Trust have a 721/UPREIT exit?
- The record shows no REIT conversion feature. A 721/UPREIT exit is when a DST's property is contributed to a real estate investment trust in exchange for operating-partnership units rather than sold for cash; nothing in the filings or sponsor materials located describes that path here, and no exit event has been reported.
- Has anything happened to the properties since the raise closed?
- No verified sale, refinancing, foreclosure or other material property event has been located through September 8, 2026. For a closed DST, sponsor investor reporting is generally the only ongoing disclosure — Form D filings stop once the raise ends, so the SEC record goes quiet after February 26, 2025.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.