NexPoint Lodging II DST

Top1031 lists NexPoint Lodging II DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

There is no corporate tenant paying fixed rent. Both assets are operating hotels, so income depends on occupancy, room rates, and operating costs. Baker 1031 reports that each hotel is leased to an affiliated master tenant under an eight-year master lease, and NexPoint states that Dreamscape Hospitality manages both hotels. No executed lease and no legal master-tenant name were located in the public record as of August 24, 2026, so the rent mechanics and the master tenant's funding obligations have to be read in the private placement memorandum.

The public record does not settle it. NexPoint's own Lodging II DST offering page presents the capitalization without mortgage leverage; the Trust is nonetheless classified as leveraged elsewhere in this record. Neither the May 26, 2026 Form D nor the July 17, 2026 amendment names a lender or states a loan amount or maturity. Treat the debt position as unresolved until the private placement memorandum and any loan documents are reviewed.

NexPoint's Lodging II DST offering page states that the Courtyard property is subject to a ground lease with the City of Bradenton, meaning that hotel sits on leased land rather than owned fee land. The lease term, remaining years, rent and escalation terms, renewal options, and what happens at expiration were not found in any public source reviewed as of August 24, 2026. Those terms are in the private placement memorandum and the ground lease itself, and they bear on both financing and eventual resale.

Only partly documented in public sources. The Tampa Bay Business Journal reported that the Courtyard by Marriott Bradenton Sarasota/Riverfront sold for $27.7 million on March 16, 2026 to NexPoint Advisors, in a sale arranged by Franklin Street's Hodges Ward Elliott; that report does not name this Trust as the buyer. As of August 24, 2026 no primary record was located establishing the title-holding entity for either hotel, or the price and closing date for the Glastonbury property. The ownership chain and each closing belong in the PPM.

The initial May 26, 2026 notice reported a smaller equity offering than the July 17, 2026 amendment, which raised both the stated offering size and the estimated sales commissions while keeping the same $100,000 minimum investment. Both were filed under Rule 506(c), which permits general advertising but limits purchases to verified accredited investors. A Form D is a notice filing rather than a running sales report, so subscription progress should be confirmed against the latest amendment on file and with the sponsor.

A net-lease DST typically holds one building leased to a single corporate tenant paying contractual rent over a long term. This Trust holds two branded, operating hotels whose income moves with occupancy, room rates, and operating expenses, and whose franchise brand standards can require periodic renovation spending. An affiliated master tenant and an operator, Dreamscape Hospitality, sit between the hotels and the Trust, adding parties whose agreements the PPM should describe. Occupancy figures circulating on third-party marketplace pages are either undated displays or sponsor underwriting projections, not verified operating results. Nothing in the filings indicates a 721/UPREIT exit — the route by which some DSTs contribute property to a REIT's operating partnership in exchange for units.