The Oasis at Shingle Creek
Multifamily property in Kissimmee, FL — sponsored by NexPoint
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What is this, in one paragraph?
This is a Delaware statutory trust — passive fractional ownership of real estate that qualifies as 1031 replacement property — holding Oasis at Shingle Creek, a Class A garden-style apartment community in Kissimmee, Florida, inside the Orlando metro area.3 NexPoint sponsors it, and offering material reports the Trust closed its purchase on September 25, 2025.1 It is still raising from accredited investors under Rule 506(c), the exemption permitting public advertising.
Minimum investment
$100k
Offering size
$46.3M
How much has sold
86.0%
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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?
The Altman Companies developed the community in 2018.2 NexPoint Acquisitions, LLC went under contract to buy it for $87,250,000 and then assigned that contract to the Trust, which closed the purchase on September 25, 2025 from Shingle Creek Acquisition LLC, described as an unaffiliated third party.1 NexPoint markets the offering as Orlando; the address itself sits in Kissimmee, inside the Orlando–Kissimmee–Sanford metro area.1
- Property address
- 4350 Osceola Trail Rd, Kissimmee, FL
- Property size
- 356 units across 15 three-story buildings (Class A garden-style; 130 units with direct-access garages)
- Total funding
- $98,681,389Investor money plus any loan.
- Property acquisition cost
- $91,733,700
Who is the tenant, and what's the lease?
Income starts with residents on individual apartment leases, so revenue resets with the local rental market. The private placement memorandum — the governing offering document — reports the Trust leased the property to NexPoint Oasis Leaseco, LLC, a sponsor affiliate, under a Master Lease dated September 25, 2025, and that this Master Tenant subleases the units to residents.1
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
86.0% reported sold
- Amount sold
- $39,614,232
- Reported unsold
- $6,717,157
- Investors reported
- 122
- Total offering
- $46,331,389
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How is it financed, and what does it pay?
Leveraged means mortgage debt sits beneath investor equity, letting an exchanger replace both the cash and the debt from the property they sold. The private placement memorandum reports a $52,350,000 first mortgage from Berkeley Point Capital LLC, doing business as Newmark; nothing amortizes, so the principal owed at maturity equals the principal at closing.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Interest rate
- 4.85% fixed
- Loan term
- 120 months, interest-only for full term
- Leverage to investors
- 53.1%Leverage means borrowed money. This is the sponsor’s own figure.
- Reserves held by the lender
- $1,115,704
- Reserves the trust controls
- $1,500,000
Who's behind it?
NexPoint runs a continuing series of DST offerings aimed at 1031 exchangers and announced this one on October 29, 2025.2 The private placement memorandum names NexPoint Real Estate Advisors IV, L.P. as the sponsor, and a sponsor affiliate holds the Master Lease, so the platform sits on the income path as well as the sponsorship side.1 Investors hold passive beneficial interests and get no vote on day-to-day operations, which run through the property manager.
- Sponsor
- NexPoint
- Property manager
- BH Management
- May convert to a REIT
- No
- Offerings from this sponsor
- 7 active / 18 total offerings from NexPoint
Note from the sponsorNexPoint markets as Orlando, FL (Orlando MSA); property is physically in Kissimmee, FL 34746. Developed by The Altman Companies.
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust noticed its offering on Form D — the short SEC notice filed for an exempt sale — and has amended it repeatedly; the amendments restate equity sold and investor count rather than change the offering's terms. Because it is offered under the exemption permitting general solicitation, the sponsor must verify each buyer's accredited status instead of accepting self-certification.
- 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.
- Legal Trust name
- NexPoint Oasis DST
- Filings on record
- 16
- 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
Is The Oasis at Shingle Creek still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for The Oasis at Shingle Creek?
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.
Is this Trust still open to new investors?
Yes. NexPoint Oasis DST is still raising equity from accredited investors — those who meet the SEC's income or net-worth tests — and the most recent amendment to its Form D offering notice is dated September 8, 2026. The amount sold, the amount still available and the investor count as of that filing appear in the sales figures on this page.
Who is the tenant, and how does income reach investors?
There is no single corporate tenant. Income starts with residents of the apartments, each on an individual residential lease. The private placement memorandum reports that the Trust leased the whole property to NexPoint Oasis Leaseco, LLC, a sponsor affiliate, under a Master Lease dated September 25, 2025, and that this Master Tenant subleases the units to residents. The memorandum also discloses that the Master Tenant may defer a portion of the rent it owes under the Master Lease, which affects the timing of cash reaching the Trust.
How occupied is the property?
NexPoint's offering brochure reports that the community was 93.3% occupied and 94.9% leased as of March 2025. Nothing in the sources reviewed establishes an occupancy or leased figure after that date, so an investor would need a current number directly from the sponsor.
When did the Trust buy the property, and what did it pay?
The private placement memorandum reports that the Trust closed the acquisition on September 25, 2025 from Shingle Creek Acquisition LLC, an unaffiliated third party, and that NexPoint Acquisitions, LLC had been under contract at $87,250,000 before assigning the purchase contract to the Trust. Note that the property acquisition cost shown in the property rows on this page is the sponsor's defined total — it bundles loan-related costs, certain reserves and closing costs — so it is larger than that contract price.
What happens when the loan matures?
The loan pays interest only for its full term, so the entire principal balance comes due at maturity — to be repaid, refinanced, or resolved through a sale of the property. The private placement memorandum identifies the lender as Berkeley Point Capital LLC, doing business as Newmark. The rate, term, leverage and reserve figures appear in the financing rows on this page; the loan documents govern prepayment, transfer and default.
Could this convert into REIT shares through a 721/UPREIT exit?
Nothing in the record indicates one. A 721/UPREIT exit is the structure in which a DST's property is contributed to a REIT in exchange for operating partnership units, and this Trust is recorded as having no such conversion path, so the expected endgame is a sale of the property. Who holds the authority to decide that sale, and on what timing, is not established in the sources reviewed — the trust agreement and private placement memorandum govern.
Chapter 9NexPoint Launches Multifamily DST Offering for Orlando Area PropertyWire-distributed sponsor press release announcing NexPoint Oasis DST (offering size $46,331,389) for the Oasis at Shingle Creek Class A garden-style multifamily community in Kissimmee/Orlando MSA.