Top1031

NexPoint Marina II DST

Property in Andersonville, TN · sponsored by NexPoint

Active offeringLatest Form D filed Oct 6, 2026 · 3 filings since Sep 15, 2026 (opens in a new tab)

NexPoint Marina II DST is a DST sponsored by NexPoint that owns a property in Andersonville, TN. Its latest Form D, filed Oct 6, 2026, lists a $48.9 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$48,968,013
Equity offered, per the Form D
Sold so far
18.9%
Form D, Oct 6, 2026; the % is our arithmetic
Selling commissions
$4,284,701 · 8.7% of offering
Form D Item 15; the % is our arithmetic
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.
Sponsor buyout right
Yes, after 1 year
Offering documents, Aug 2026 · Deal terms ↓

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

Latest Form D
Oct 6, 2026 · 3 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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Oct 6, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$9,274,422
Not yet sold
$39,693,591
Investors
43

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

18.9% of $48,968,013 sold, calculated by Top1031 from the Form D

Average since first sale
about $7.8 million a month
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Ask a 1031 specialist about this recordFree. About: NexPoint Marina II DST. Top1031 is not a broker-dealer.
NexPoint Marina II DST image

NexPoint Marina II DST · Photo: nexpoint.com

Location not stated in the SEC 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

Reported location
Andersonville, TN

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%3.0%18.9%Sep 15, 2026Oct 6, 20260%50%100%3.0%18.9%Sep 15, 2026Oct 6, 2026

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)
See Deal terms ↓
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
Recipients of sales compensation
9 named in the Form D
Show the names
  • FNEX Capital LLC
  • Emerson Equity LLC
  • McDermott Investment Services, LLC
  • 1031 Securities Inc.
  • Quincy Wells Capital, LLC
  • Metropolitan Capital Investment Banc, Inc.
  • DFPG Investments, LLC
  • Ausdal Financial Partners, Inc.
  • Aurora Securities
Date of first sale
Aug 31, 2026
Minimum investment
$100,000

Form D Item 15 amounts may be the issuer’s estimates; the percentage is Top1031’s arithmetic on two Form D figures. The issuer marked these amounts as an estimate.

What are the deal terms?

From NexPoint's offering documents (Aug 2026).

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

What does the SEC record show?

The first Form D, the notice an issuer files after its first sale, reported August 31, 2026 as that first sale date.5 Two amendments followed, refreshing the figures reported to the SEC. Rule 506(c) lets the sponsor market publicly, but each buyer's accredited status must be verified.

Legal Trust name
NexPoint Marina II DST
SEC CIK
2154436
First Form D
Sep 15, 2026
Latest Form D
Oct 6, 2026
Filings on record
3
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
  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.

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 Oct 6, 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

Sources

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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 Private Placement Memorandum before investing.