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 paying base rent plus percentage rent of 75%–80% of revenue above a baseline. NexPoint says Dreamscape Hospitality manages both hotels and provides operational oversight, revenue management and asset-level execution; Lodging Magazine reported Dreamscape assumed management of the Bradenton Courtyard on March 26, 2026 and of the Glastonbury Homewood Suites on May 22, 2026. Executed lease copies and the master tenants' legal names were not in the public record as of the September 4, 2026 research run, so read them in the private placement memorandum.

No. NexPoint's offering page states the Courtyard property is subject to a ground lease with the City of Bradenton, and Baker 1031 describes it as a 99-year ground lease expiring in April 2079, with the improvements reverting to the City at expiration. A ground lease means the Trust holds the building and a leasehold interest rather than the dirt, so the lease's rent escalations, financing consents, renovation approvals and end-of-term treatment matter to value. The detailed economics of that ground lease were not established in public sources as of September 4, 2026.

The public record does not settle it. NexPoint's Lodging II DST offering page presents the capitalization without mortgage leverage, while this record classifies the Trust differently. Neither the May 26, 2026 Form D nor the July 17, 2026 amendment names a lender or states a loan amount or maturity, and no independent loan document or definitive debt term was located as of September 4, 2026. Treat the debt position as unresolved until the private placement memorandum and any loan documents are reviewed.

Reporting establishes one purchase but not the ownership chain. The Tampa Bay Business Journal reported that NexPoint Advisors acquired the 153-key Courtyard by Marriott Bradenton Sarasota/Riverfront for $27.7 million on March 16, 2026, in a sale arranged by Franklin Street's Hodges Ward Elliott on a 6.85-acre waterfront site. That buyer was reported as NexPoint Advisors rather than this Trust, and no primary document establishing the title-holding entity or the chain into NexPoint Lodging II DST was located as of September 4, 2026. No independently reported purchase price for the Glastonbury hotel was found either.

Not in the public record. As of the September 4, 2026 research run, actual occupancy and RevPAR for either hotel were not established in SEC filings, sponsor materials or trade reporting. Occupancy and revenue figures that appear on third-party 1031 marketplace pages are generally sponsor underwriting assumptions rather than audited historical results. Ask the sponsor for each hotel's operating statements and read them against the assumptions and risk factors in the private placement memorandum.

The Trust is offered under Rule 506(c), the exemption that lets an issuer advertise a private placement publicly but requires it to verify that every buyer is an accredited investor — generally income above $200,000 (or $300,000 jointly) or net worth above $1 million excluding a primary residence. Verification usually means providing tax returns, brokerage statements, or a letter from a CPA or attorney. Both Form D notices state a $100,000 minimum investment.