Top1031

NexPoint Hughes DST

sponsored by NexPoint

HistoricalLast Form D filed May 15, 2024 (opens in a new tab)

NexPoint Hughes DST, sponsored by NexPoint, filed its first Form D with the SEC on Apr 12, 2022 for a $115.2 million offering. Its last Form D was filed May 15, 2024.

How it ended

No outcome recorded · under 7 years

Last Form D filed May 15, 2024.

NexPoint has 5 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$115,262,632
Equity offered, per the Form D
Sold
90.5%
Form D, May 15, 2024; the % is our arithmetic
Investors reported
311
Form D, May 15, 2024
Selling commissions
$10,085,580 · 8.7% of offering
Form D Item 15; the % is our arithmetic
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: NexPoint Hughes DST. Top1031 is not a broker-dealer.

What did NexPoint Hughes DST own?

The public filings do not identify this property. Form D asks only for an industry group, and the Trust's answer is the catch-all "Other Real Estate" — no address, square footage, or asset type appears anywhere in the SEC record. 2 An April 24, 2023 amendment names NexPoint CR Vegas Investment Co, LLC as the contributor of the asset to the Trust, the closest the filings come to describing what was acquired. 4

How was it financed, and what did it cost to sell?

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$10,085,580 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,532,668 · 2.1% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition fees that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
28 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 30, 2022
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.

What does the SEC record show?

The filing history is a long chain of Form D amendments — notices of an exempt offering — that update the amount sold and investor count rather than change terms. The Trust reported its first sale on March 30, 2022. 6 Rule 506(c) permits public advertising so long as every buyer's accredited status is verified.

Legal Trust name
NexPoint Hughes DST
SEC CIK
1920957
First Form D
Apr 12, 2022
Latest Form D
May 15, 2024
Filings on record
27
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$115,262,632
$104,415,646+$230,000
311+1
EDGAR
Form D/A$115,262,632
$104,185,646+$4,233,641
310+16
EDGAR
Form D/A$115,262,632
$99,952,005+$1,774,152
294+10
EDGAR
Form D/A$115,262,632
$98,177,853+$10,478,089
284+36
EDGAR
Form D/A$115,262,632
$87,699,764+$939,407
248−8
EDGAR
Form D/A$115,262,632
$86,760,357+$6,902,424
256+37
EDGAR
Form D/A$115,262,632
$79,857,933+$133,656
219+1
EDGAR
Form D/A$115,262,632
$79,724,277+$6,101,228
218+12
EDGAR
Form D/A$115,262,632
$73,623,049
206
EDGAR
Form D (new notice)$115,262,632
$73,623,049
206
EDGAR
Form D/A$115,262,632
$67,948,655+$1,767,813
191+8
EDGAR
Form D/A$115,262,632
$66,180,842+$4,108,765
183+12
EDGAR
Form D/A$115,262,632
$62,072,077+$1,930,899
171+10
EDGAR
Form D/A$115,262,632
$60,141,178+$2,090,778
161+6
EDGAR
Form D/A$115,262,632
$58,050,400+$6,204,091
155+17
EDGAR
Form D/A$115,262,632
$51,846,309+$7,348,342
138+20
EDGAR
Form D/A$115,262,632
$44,497,967+$3,381,538
118+14
EDGAR
Form D/A$115,262,632
$41,116,429+$2,205,341
104+8
EDGAR
Form D/A$115,262,632
$38,911,088+$4,486,538
96+11
EDGAR
Form D/A$115,262,632
$34,424,550+$3,374,135
85+11
EDGAR
Form D/A$115,262,632
$31,050,415+$2,194,454
74+7
EDGAR
Form D/A$115,262,632
$28,855,961+$3,123,443
67+10
EDGAR
Form D/A$115,262,632
$25,732,518+$5,871,242
57+12
EDGAR
Form D/A$115,262,632
$19,861,276+$6,829,609
45+15
EDGAR
Form D/A$115,262,632
$13,031,667+$5,910,755
30+18
EDGAR
Form D/A$115,262,632
$7,120,912+$1,889,462
12+6
EDGAR
Form D$115,262,632
$5,231,450
6
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 Hughes DST?
NexPoint Hughes DST is a Historical offering. Last Form D filed May 15, 2024.
What property does NexPoint Hughes DST actually own?
The SEC record does not say. Form D requires only an industry group, and this Trust reports "Other Real Estate" — no address, tenant, square footage, or acquisition date appears in any of its 27 filings. Research as of August 19, 2026 found no primary public record tying a specific building to CIK 0001920957. The offering documents are the only place that information exists.
How large is the offering and what is the minimum?
The May 15, 2024 Form D/A reports a total offering amount of $115,262,632 with a $100,000 minimum investment. Those figures come from the issuer's own filing with the SEC and reflect the offering as of that date.
Is the Trust leveraged, and what are the distributions?
Neither is disclosed in the SEC record. Form D does not ask about mortgage debt, loan-to-value, lender identity, or distribution rates, and no other public filing supplies them for this Trust. Those terms live in the offering documents.
Can investors roll into a REIT at the end?
The data on record shows no 721/UPREIT exit path for this Trust — that is the structure where a DST's property is later contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into a securities interest. Absent that feature, an exit would typically be a sale of the property.

Sources

Show sources (6)Hide sources (6)

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.