Top1031

NexPoint Storage IV DST

Self-storage property · sponsored by NexPoint

HistoricalLast Form D, filed Jan 11, 2024, reports the offering fully sold (opens in a new tab)

NexPoint Storage IV DST was a DST sponsored by NexPoint that owned 3 self-storage properties. Its last Form D, filed Jan 11, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Jan 11, 2024, reports the offering fully sold.

NexPoint has 5 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$70,344,106
Equity offered, per the Form D
Sold
99.95%
Form D, Jan 11, 2024; the % is our arithmetic
Investors reported
224
Form D, Jan 11, 2024
Selling commissions
$6,155,109 · 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.

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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: NexPoint Storage IV DST. Top1031 is not a broker-dealer.
NexPoint Storage IV DST image 1 of 2

NexPoint Storage IV DST · Photo: mma.prnewswire.com

What did NexPoint Storage IV DST own?

NexPoint announced on April 17, 2023 that affiliate NexPoint Storage Partners, Inc. had acquired the Class A "Generation V" self-storage assets assembled for this Trust — two in the Phoenix metropolitan statistical area and one in the St. Petersburg, Florida area. 1 NexPoint's own location records title them North Cave, Desert Foothills, and St. Petersburg. 3 Street addresses, year built, square footage, and occupancy are not established in the public record.

Property size
3 properties

How was it financed, and what did it cost to sell?

NexPoint's DST page lists this Trust as unleveraged — no mortgage debt against the properties, meaning no lender, no loan maturity, and no refinancing event ahead. 2

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$6,155,109 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,352,065 · 1.9% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition fees that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
30 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Apr 10, 2023
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 does the SEC record show?

The Trust was offered under Rule 506(c), the private-placement path that permits public advertising but requires every buyer to be a verified accredited investor. The initial Form D was followed by a long run of amendments that did nothing but update reported sales progress, the last on January 11, 2024. 6

Legal Trust name
NexPoint Storage IV DST
SEC CIK
1973635
First Form D
Apr 24, 2023
Latest Form D
Jan 11, 2024
Filings on record
14
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

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$70,344,106
$70,315,090+$100,000
224+1
EDGAR
Form D/A$70,344,106
$70,215,090+$2,515,688
223+7
EDGAR
Form D/A$70,344,106
$67,699,402+$1,633,697
216+6
EDGAR
Form D/A$70,344,106
$66,065,705+$21,760,733
210+52
EDGAR
Form D/A$70,344,106
$44,304,972+$2,427,244
158+14
EDGAR
Form D/A$70,344,106
$41,877,728+$6,577,994
144+22
EDGAR
Form D/A$70,344,106
$35,299,734+$3,526,602
122+15
EDGAR
Form D/A$70,344,106
$31,773,132+$9,131,103
107+29
EDGAR
Form D/A$70,344,106
$22,642,029+$2,288,350
78+12
EDGAR
Form D/A$70,344,106
$20,353,679+$5,562,260
66+25
EDGAR
Form D/A$70,344,106
$14,791,419+$4,970,117
41+13
EDGAR
Form D/A$70,344,106
$9,821,302+$5,461,375
28+14
EDGAR
Form D/A$70,344,106
$4,359,927+$2,202,789
14+8
EDGAR
Form D$70,344,106
$2,157,138
6
EDGAR
Show all 14 SEC Form D filings

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

What happened to NexPoint Storage IV DST?
NexPoint Storage IV DST is a Historical offering. The last Form D, filed Jan 11, 2024, reports the offering fully sold.
What exactly would an investor have owned here?
A beneficial interest in a Delaware statutory trust that holds Class A self-storage facilities — two in the Phoenix metropolitan area and one in the St. Petersburg, Florida area, managed by Extra Space Storage. DST interests are treated as replacement property for a 1031 exchange, but investors have no management role and no ability to direct the properties.
Is there a mortgage on the properties?
NexPoint's DST page lists this Trust as unleveraged, meaning no mortgage debt at the property level. Exchangers who need to replace debt from a relinquished property generally cannot do so with an all-cash Trust; that is a question for your own tax adviser and the offering documents.
Can this Trust roll into a REIT through a 721/UPREIT exit?
The record for this Trust shows no 721/UPREIT feature — the option some sponsors include to contribute the property to a REIT in exchange for operating-partnership units instead of selling it. Any exit mechanics would be spelled out in the offering documents.
Has the Trust sold the properties yet?
No sale or other ending is on record, and this Trust does not appear in NexPoint's set of full-cycle DSTs. Beyond January 2024, no entity-specific property events were established by public sources, so no outcome is reported yet.
Who runs the properties day to day?
Extra Space Storage manages the three facilities under NexPoint's arrangement, as stated in NexPoint's April 17, 2023 launch announcement. NexPoint Real Estate Advisors IV, L.P. is the sponsor, and NSP IV Parent Manager, LLC is named in Form D/A as manager and signatory trustee.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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.