Talk to a 1031 specialistData updated Jun 30, 2026
Offering size$32.9M
Asset typeMultifamily
LocationBirmingham, AL
FinancingLeveraged
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJan 28, 2026
Last filedJun 30, 2026
Minimum$100k
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.
The Outlook at Greystone is a 300-unit Class-A apartment community at 7278 Cahaba Valley Road in Southeast Birmingham, Alabama, held through NexPoint Outlook DST and sponsored by Dallas-based NexPoint. Built in 2007 on 26.43 acres across 15 two-story buildings plus a clubhouse, the community—formerly Springs at Greystone—offers studio-to-three-bedroom floorplans averaging about 905 square feet, with in-place rents averaging $1,367 monthly as of December 2025. It sold that month for roughly $54 million. Total acquisition cost was reported at $61.2 million, funded with a $32.9 million equity offering and about 49.85% leverage through a fixed-rate 4.67% interest-only loan. BH Management serves as property manager.
Based on issuer-filed Form D notices through Jun 30, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount18.0%
Capital sold, per latest Form D$5,783,245
Remaining amount reported in latest Form D$27,119,761
Investor count reported in latest Form D19
Stated minimum investment$100,000
See the full reported financial recordBy creating an account you agree to the Terms of Service and acknowledge the Privacy Policy. We'll email you sign-in links and service notices about your account.
First filedJan 28, 2026
Latest filingJun 30, 2026
Filings tracked4
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering
- Offering size
- $32,903,006
- Total capitalization
- $65,603,006
- Total acquisition cost
- $58,100,999
- Min investment
- $100,000 (cash or 1031)
Financing
- Leverage to investors
- 49.9%
- Interest rate
- 4.67% fixed
- Loan term
- 120 months, interest-only for full term
- Lender reserves
- $325,576
- Controlled reserves
- $4,100,000
Management
- Property management
- BH Management
- Launched
- 2025-12-15
Sponsor-reported detailsLoan requires maintaining a minimum percentage of rent-restricted units
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
Offering profile
SEC filings + cited sources
Property and location
The Outlook at Greystone is a 300-unit Class-A apartment community at 7278 Cahaba Valley Road in Southeast Birmingham, Alabama, built in 2007 on 26.43 acres with 15 two-story buildings and a clubhouse 2. Previously named Springs at Greystone, the community sold in December 2025 for approximately $54 million 2. Floorplans range from studios to three bedrooms, averaging roughly 905 square feet, with in-place rents averaging $1,367 per month as of December 2025 1.
Sponsor and capitalization
The property is held through NexPoint Outlook DST, sponsored by NexPoint, a Dallas-based alternative-investment firm 1. Total acquisition cost was reported at $61,177,430 as of December 2025, funded with a $32,903,006 equity offering and about 49.85% leverage through a fixed-rate 4.67% interest-only loan over a 120-month term; the stated minimum investment is $100,000, and BH Management serves as property manager 1.
Sources (2)
In the news
Frequently asked questions
Is The Outlook at Greystone currently active?
The Outlook at Greystone is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for The Outlook at Greystone?
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.