What is this, in one paragraph?
NexPoint Storage IV DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — holding Class A self-storage facilities in the Phoenix metropolitan area and the St. Petersburg, Florida area.1 Extra Space Storage manages the facilities.1 The offering launched in April 2023, and NexPoint lists the Trust as closed to new investors.2
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
Who is the tenant, and what's the lease?
Self-storage has no single tenant: income comes from many individual month-to-month renters rather than one corporate lease, so there is no lease expiration date to underwrite. Extra Space Storage manages the facilities.1
How did it end?
No sale or other ending on record
No full-cycle or property-sale announcement has been found for NexPoint Storage IV DST; NexPoint's own sponsor page lists the offering as 'Closed' (raise complete) but NOT in its 'Full Cycle DSTs' set, consistent with the trust still holding the properties [1][3].
Target raise ~$70.3M. Three Class A Generation V (GenV) self-storage facilities: two in the Phoenix, AZ MSA and one in the St. Petersburg, FL MSA. Facilities managed by Extra Space Storage.
3 propertiesSupporting evidence
How is it financed, and what does it pay?
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
Who's behind it?
The Trust was organized in Delaware in 2023 with a principal address at 300 Crescent Court, Suite 700, Dallas, Texas.5 Form D/A filings name NexPoint Real Estate Advisors IV, L.P. as sponsor and NSP IV Parent Manager, LLC as manager and signatory trustee.4 NexPoint described this as its fourth self-storage DST offering when it launched on April 17, 2023, part of a 1031 program built around storage assets.1
- Sponsor
- NexPoint
- Legal Trust name
- NexPoint Storage IV DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 17 total offerings from NexPoint
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 14
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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.
Common questions
What happened to NexPoint Storage IV DST?
Top1031 lists NexPoint Storage IV DST as historical. It is no longer raising money.
Where does Top1031 get the data for NexPoint Storage IV DST?
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.
Can I still invest in NexPoint Storage IV DST?
No. NexPoint's 1031/DST page lists NexPoint Storage IV DST as Closed, and the last Form D amendment on record was filed January 11, 2024. Investors seeking a NexPoint storage DST today would be looking at a different, currently offered Trust.
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 PPM (the private placement memorandum, the offering's full legal disclosure document).
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 PPM.
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.
Chapter 9NexPoint Launches Fourth Self-Storage DST Offering with Three Premium AssetsAnnounces launch of NexPoint Storage IV DST, comprising three Class A GenV self-storage facilities in the Phoenix, AZ and St. Petersburg, FL MSAs, targeting ~$70.3M raise.