Top1031
NexPoint Marina II DST
in Kuttawa, KY · sponsored by NexPoint
NexPoint Marina II DST, sponsored by NexPoint, filed its first Form D with the SEC on Sep 15, 2026 for a $48.9 million offering. Its latest Form D, filed Nov 10, 2026, lists a $48.9 million offering with a $100,000 minimum.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $100,000From the Form D
- Offering size
- $48,968,013Equity offered, per the Form D
- Sold so far
- RaisingForm D, Nov 10, 2026; the % is our arithmetic39.4%
- Investors reported
- Form D, Nov 10, 202676
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,284,701 · 8.7% of offering
- Financing
- All cash. This offering reports no mortgage debt.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 →
Sales so far
A free account shows how much of each active offering has sold and the Sponsor Grade letters.Raising
- Latest Form D
- Nov 10, 2026 · 6 filings
- First sale
- Aug 31, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $19,332,626
- Not yet sold
- $29,635,387
- Investors
- 76
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
39.4% of $48,968,013 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $8.2 million a month
Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.
Ask a 1031 specialist about this recordFree. About: NexPoint Marina II DST. Top1031 is not a broker-dealer.NexPoint Marina II DST · Kuttawa, KY · Photo: nexpoint.com
Kuttawa, KY · no mappable address in the filings.
What does NexPoint Marina II DST own?
Stardust Marina sits on Norris Lake in Andersonville, Tennessee: roughly 55 acres and 598 slips across five floating dock structures, with an expansion completed in June 2026 that added about 62 wet slips. 1 Kuttawa Harbor Marina, on Lake Barkley in Kuttawa, Kentucky, covers about 25 acres with 409 slips. 1
- Property address
- 1709 Lake Barkley Drive, Mile Marker 42.2, Kuttawa, KY
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
NexPoint's 1031 offerings listing shows no property-level mortgage against the Trust, an all-cash structure, meaning no lender sits ahead of investors and there is no loan maturity or refinancing date to manage during the hold. 3
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
- Target hold
- 5–10 years From NexPoint’s offering documents (Aug 2026). As reported by the sponsor.
Costs and terms from the Form D
- Selling commissions
- $4,284,701 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,783,312 · 3.6% 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
- 10 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- APW Capital, Inc. · CRD 43814
- Aurora Securities · CRD 46147
- Ausdal Financial Partners, Inc. · CRD 7995
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- McDermott Investment Services, LLC · CRD 154926
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Quincy Wells Capital, LLC · CRD 334163
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 31, 2026
- 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 are the deal terms?
From NexPoint’s offering documents (Aug 2026).
A free account shows how much of each active offering has sold and the Sponsor Grade letters.Your exit
- Can the sponsor's affiliate buy investors out?
- Yes, after 1 year
All investors must hold 1 year. No reply: cash (taxable sale)
Rent and the bills
- Who pays rent to the trust?
- A master tenant affiliated with the sponsor
- Who pays for roof and structural repairs?
- Investors, through the trust
- Who pays if taxes or insurance go up?
- Investors, through the trust
- Was the property bought from a sponsor affiliate?
- Yes
Your rights
- Can investors remove the manager?
- No
- How are disputes with the sponsor resolved?
- In court
Who's behind NexPoint Marina II DST?
The Form D names NexPoint Real Estate Advisors IV, L.P. as the sponsor of the Trust. 4 NexPoint announced the offering on August 27, 2026, describing both properties as full-service marinas and reporting strong occupancy with active waitlists at Kuttawa Harbor. 1 A similarly named offering, NexPoint Marina DST, is a separate issuer, and its results are not this Trust's.
- Sponsor
- Sponsor entity in the Form D
- NexPoint Real Estate Advisors IV, L.P.
- Manager and signatory trustee
- OSL Marina II Parent Manager, LLC
- Offerings on record
What does the SEC record show?
The Trust reported August 31, 2026 as its first sale date. 5 A Form D is the notice an issuer files after a first sale; later amendments refreshed the figures reported to the SEC. Rule 506(c) lets the sponsor market publicly, with each buyer's accredited status verified.
- Legal Trust name
- NexPoint Marina II DST
- SEC CIK
- 2154436
- First Form D
- Sep 15, 2026
- Latest Form D
- Nov 10, 2026
- Filings on record
- 6
- 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 | $48,968,013 | $19,332,626+$2,857,944 | 76+7 | EDGAR | |
| Form D/A | $48,968,013 | $16,474,682+$3,907,069 | 69+18 | EDGAR | |
| Form D/A | $48,968,013 | $12,567,613+$3,293,191 | 51+8 | EDGAR | |
| Form D/A | $48,968,013 | $9,274,422+$4,211,356 | 43+16 | EDGAR | |
| Form D/A | $48,968,013 | $5,063,066+$3,573,402 | 27+18 | EDGAR | |
| Form D | $48,968,013 | $1,489,664 | 9 | EDGAR |
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
- Is NexPoint Marina II DST an active offering?
- NexPoint Marina II DST is an Active offering: its latest Form D was filed Nov 10, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Does NexPoint Marina II DST have a 721 UPREIT exit?
- The record lists a possible 721 exit for NexPoint Marina II DST. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- What does NexPoint Marina II DST own?
- Two full-service marinas. NexPoint's August 27, 2026 announcement names Stardust Marina on Norris Lake in Andersonville, Tennessee, at roughly 55 acres with 598 slips across five floating dock structures, and Kuttawa Harbor Marina on Lake Barkley in Kuttawa, Kentucky, at about 25 acres with 409 slips. The same announcement says a Stardust expansion completed in June 2026 added about 62 wet slips.
- Who runs the marinas day to day?
- New Haven Marinas, which NexPoint's 1031 offerings listing names as property manager for this offering. A marina is an operating business, so revenue comes from slip rentals and marina services rather than a single tenant's lease payment. NexPoint's launch announcement describes strong occupancy and active waitlists at Kuttawa Harbor Marina.
- Does the Trust carry mortgage debt?
- No. NexPoint's 1031 offerings listing shows a 0.0% loan-to-capitalization ratio for this offering, an all-cash structure. For a 1031 exchanger, that means no lender-imposed maturity or refinancing event during the hold, and no Trust-level debt to match against a mortgage on a relinquished property.
- Who is the sponsor?
- NexPoint. The Form D names NexPoint Real Estate Advisors IV, L.P. as the sponsor of the Trust, and NexPoint announced the offering under its own name on August 27, 2026. NexPoint's offering page for Marina II DST lists total capitalization of $48,968,013.
- Who can invest, and what is the minimum?
- Accredited investors, meaning people who meet SEC income or net-worth tests. The Form D on file reports a $100,000 minimum investment. Because the Trust is offered under Rule 506(c), the sponsor may advertise the offering publicly but verifies each purchaser's accredited status rather than accepting a self-certification.
- Is this the same as NexPoint Marina DST?
- No. NexPoint Marina DST is a separately named issuer with its own SEC filings and its own properties. Nothing reported about that offering is an outcome or a figure of NexPoint Marina II DST, which filed its first Form D on September 15, 2026.
In the news
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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.