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.
Still operating, no exit yet
No full cycle, sale, 721 UPREIT, or foreclosure announcement has been issued; NexPoint's DSTs page lists Small Bay I as Active with a 4.32% annual cash flow and NexPoint has since launched two successor offerings (Small Bay II in Jul 2024 and Small Bay III in Oct 2025) referencing the still-active prior trust.

Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
In the news
Frequently asked questions
Is NexPoint Small Bay I DST currently active?
NexPoint Small Bay I DST is part of the researched historical archive. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for NexPoint Small Bay I DST?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.
