NexPoint Flamingo DST
in Las Vegas, NV · sponsored by NexPoint
NexPoint Flamingo DST, sponsored by NexPoint, filed its first Form D with the SEC on Feb 24, 2020 for a $58.2 million offering. Its last Form D was filed Mar 19, 2021.
How it ended
Last Form D filed Mar 19, 2021.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $58,277,704Equity offered, per the Form D
- Sold
- 99.4%Form D, Mar 19, 2021; the % is our arithmetic
- Investors reported
- Form D, Mar 19, 2021172
- Selling commissions
- Form D Item 15; the % is our arithmetic$5,041,021 · 8.6% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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: NexPoint Flamingo DST. Top1031 is not a broker-dealer.What did NexPoint Flamingo DST own?
A listing published by The 1031 Alternative describes the Trust's investment property as a 360-unit Class A multifamily community in the Las Vegas area, and reports occupancy of 95.6% as of February 11, 2020. 1 The Trust itself was formed as a Delaware statutory trust, a structure that lets many 1031 exchange investors each hold a fractional interest in one property, in 2019. 2
- Reported location
- Las Vegas, NV
How was it financed, and what did it cost to sell?
The Trust is leveraged, meaning the property carries mortgage debt alongside the equity raised from investors. In a DST, that loan sits at the trust level rather than with the individual investors, who hold beneficial interests in the trust.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $5,041,021 · 8.6% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,513,459 · 2.5% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 27 named in the Form D
Show the firms
- APW Capital, Inc. · CRD 43814
- Advisory Group Equity Services Ltd. · CRD 15427
- Ameritas Investment Company, LLC · CRD 14869
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cabot Lodge Securities LLC · CRD 159712
- Capulent LLC · CRD 155155
- Client One Securities LLC · CRD 152974
- Concorde Investment Services, LLC · CRD 151604
- Crown Capital Securities, L.P. · CRD 6312
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Growth Capital Services, Inc. · CRD 124658
- Integrity Brokerage Services, Inc. · CRD 117589
- JRL Capital Corporation · CRD 10225
- Lightpath Capital, Inc. · CRD 34617
- McDermott Investment Services, LLC · CRD 154926
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Money Concepts Capital Corp · CRD 12963
- Purshe Kaplan Sterling Investments · CRD 35747
- Realized Financial, Inc. · CRD 22333
- Stax Capital · CRD 300607
- TCFG Wealth Management, LLC · CRD 164153
- Wealthforge Securities, LLC · CRD 152550
- Whitehall-Parker Securities, Inc. · CRD 10608
- Willow Cove Investment Group, Inc. · CRD 107824
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Feb 19, 2020
- 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 NexPoint Flamingo DST?
The Form D names NexPoint Real Estate Advisors IV, L.P. as the Trust's sponsor, the NexPoint entity standing behind the offering. 3 NexPoint's own DST and 1031 exchange page lists this Trust among its programs. 4
- Sponsor
- Offerings on record
What does the SEC record show?
The issuer reported February 19, 2020 as the offering's first sale date. 3 A long series of amendments followed into 2021, each refreshing the issuer's reported figures while leaving the offering amount unchanged. Interests were offered privately to accredited investors, without general advertising.
- Legal Trust name
- NexPoint Flamingo DST
- SEC CIK
- 1804003
- First Form D
- Feb 24, 2020
- Latest Form D
- Mar 19, 2021
- Filings on record
- 27
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $58,277,704 | $57,954,558+$29,350 | 172+1 | EDGAR | |
| Form D/A | $58,277,704 | $57,925,208+$2,029,711 | 171+2 | EDGAR | |
| Form D/A | $58,277,704 | $55,895,497+$4,138,723 | 169+9 | EDGAR | |
| Form D/A | $58,277,704 | $51,756,774+$1,617,684 | 160+7 | EDGAR | |
| Form D/A | $58,277,704 | $50,139,090+$2,711,683 | 153+7 | EDGAR | |
| Form D/A | $58,277,704 | $47,427,407+$2,839,993 | 146+10 | EDGAR | |
| Form D/A | $58,277,704 | $44,587,414+$1,990,451 | 136+9 | EDGAR | |
| Form D/A | $58,277,704 | $42,596,963+$3,003,539 | 127+13 | EDGAR | |
| Form D/A | $58,277,704 | $39,593,424+$3,056,755 | 114+10 | EDGAR | |
| Form D/A | $58,277,704 | $36,536,669+$2,102,986 | 104+8 | EDGAR | |
| Form D/A | $58,277,704 | $34,433,683+$3,738,848 | 96+6 | EDGAR | |
| Form D/A | $58,277,704 | $30,694,835+$1,866,560 | 90+11 | EDGAR | |
| Form D/A | $58,277,704 | $28,828,275+$7,075,824 | 79+11 | EDGAR | |
| Form D/A | $58,277,704 | $21,752,451+$3,381,331 | 68+7 | EDGAR | |
| Form D/A | $58,277,704 | $18,371,120+$3,991,769 | 61+6 | EDGAR | |
| Form D/A | $58,277,704 | $14,379,351+$1,146,573 | 55+5 | EDGAR | |
| Form D/A | $58,277,704 | $13,232,778+$1,919,378 | 50+6 | EDGAR | |
| Form D/A | $58,277,704 | $11,313,400+$211,024 | 44+1 | EDGAR | |
| Form D/A | $58,277,704 | $11,102,376+$275,000 | 43+1 | EDGAR | |
| Form D/A | $58,277,704 | $10,827,376+$597,000 | 42+2 | EDGAR | |
| Form D/A | $58,277,704 | $10,230,376+$700,001 | 40+2 | EDGAR | |
| Form D/A | $58,277,704 | $9,530,375 | 38 | EDGAR | |
| Form D/A | $58,277,704 | $9,530,375+$695,068 | 38+3 | EDGAR | |
| Form D/A | $58,277,704 | $8,835,307+$1,353,807 | 35+7 | EDGAR | |
| Form D/A | $58,277,704 | $7,481,500+$3,959,469 | 28+15 | EDGAR | |
| Form D/A | $58,277,704 | $3,522,031+$2,177,359 | 13+9 | EDGAR | |
| Form D | $58,277,704 | $1,344,672 | 4 | EDGAR |
Show all 27 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 NexPoint Flamingo DST?
- NexPoint Flamingo DST is a Historical offering. Last Form D filed Mar 19, 2021.
- What property does NexPoint Flamingo DST hold?
- A listing published by The 1031 Alternative describes the Trust's investment property as a 360-unit Class A multifamily community in the Las Vegas area. That same listing reports occupancy of 95.6% as of February 11, 2020. The Trust's Form D filings do not carry a property name or street address.
- Who is the sponsor?
- NexPoint is the sponsor, and the Form D filed February 24, 2020 names NexPoint Real Estate Advisors IV, L.P. as the sponsor entity. NexPoint's DST and 1031 exchange page lists this Trust among its programs. NexPoint has 18 DST offerings on record, 5 of them active.
- Is the Trust financed with debt?
- Yes. The Trust is leveraged, so the property carries mortgage debt in addition to the equity raised from investors. In a Delaware statutory trust the loan is held at the trust level, not by the individual beneficial owners.
- How large was the offering and what was the minimum?
- The issuer reported a total offering amount of $58,277,704 and a minimum investment of $100,000 per investor. Those figures stayed the same across every Form D amendment from February 2020 through March 19, 2021.
- When did the offering begin?
- The issuer reported February 19, 2020 as the first sale date, and filed its first Form D five days later, on February 24, 2020. Twenty-seven filings sit on the record, the last of them dated March 19, 2021.
- What does it mean that this is a Delaware statutory trust organized in 2019?
- A Delaware statutory trust, or DST, is a legal entity that owns real estate and divides it into beneficial interests that 1031 exchange investors can buy. The issuer identified itself as a Delaware statutory trust organized in 2019 in its Form D filings.
Sources
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These links support the record as a whole; individual details may come from different sources.
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.