Minimum investment
$100k
Offering size
$31.4M
How much has sold
17.0%
Asset type
Multifamily property
Location
Greensboro, NC
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
NexPoint Waterford DST is a Delaware statutory trust holding Waterford Place, an apartment community on Lake Jeanette in Greensboro, North Carolina — a DST gives investors passive fractional ownership of one property, with interests that qualify for 1031 exchange treatment.1 It is raising equity under Rule 506(c), which permits public advertising only where the sponsor verifies that each buyer is an accredited investor. No REIT conversion is contemplated.
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These links support the public record as a whole; 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 bought the community from JSB Capital Group for $49.5 million, a transaction Multi-Housing News reported on January 29, 2026.2 Offering-summary materials published by Baker 1031 describe 20 residential buildings on 20.64 acres totaling roughly 277,296 rentable square feet.3 The same summary reports the property was 90.0% leased as of March 9, 2026; no later occupancy figure appears in the public record.3
- Property address
- 101 Shore Lake Dr, Greensboro, NC
- Property size
- 240 units, garden-style, built 1997, 1,155 SF average floor plan, on Lake Jeanette
- Total funding
- $61,060,817Investor money plus any loan.
- Property acquisition cost
- $52,778,578
- Planned improvements
- 33 full unit upgrades + 122 partial upgrades planned
Who is the tenant, and what's the lease?
There is no single corporate tenant: income comes from individual apartment leases that turn over one at a time. Baker 1031 reports a master lease dated January 16, 2026 with sponsor affiliate NexPoint Waterford Leaseco, LLC as master tenant and BH Management running day-to-day operations.3 That instrument sits in the PPM, not the public record.
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.
17.0% reported sold
- Amount sold
- $5,362,099
- Still available
- $25,998,718
- Investors reported
- 17
- Total offering
- $31,360,817
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How is it financed, and what does it pay?
Leveraged means the Trust holds mortgage debt rather than owning free and clear; interest-only payments retire no principal, so the full balance falls due at maturity. Multi-Housing News reported a $29.7 million Freddie Mac first mortgage arranged by Walker & Dunlop at acquisition.2 A NexPoint affiliate separately bought the bridge loan tied to this property on June 5, 2026.4
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Interest rate
- 4.86% fixed
- Loan term
- 120 months, interest-only for full term
- Leverage to investors
- 48.6%Leverage means borrowed money. This is the sponsor’s own figure.
- Reserves held by the lender
- $797,576
- Reserves the trust controls
- $4,552,427
Who's behind it?
NexPoint is a Dallas-based alternative investment manager whose 1031 platform packages multifamily assets into Delaware statutory trusts, and it operates this Trust through affiliated entities. Listed affiliate NexPoint Residential Trust, in its August 4, 2026 second-quarter release, called the Waterford Loan the first deployment of its DST bridge-lending program, financing a stabilized property in the Greensboro–High Point market.5 Sponsor affiliates therefore sit on both sides of this transaction.
- Sponsor
- NexPoint
- Legal Trust name
- NexPoint Waterford DST
- Property manager
- BH Management (MINT leasing platform)
- Offering launched
- Mar 24, 2026
- 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 original Form D notice has been followed by a run of amendments, each restating how much of the Offering had sold and to how many investors. Rule 506(c) permits public advertising of the Offering, but the sponsor must document every buyer's accredited status — verified income or net worth above SEC thresholds, not a 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.
- Filings on record
- 7
- 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 Waterford Place Apartment Homes still raising money?
Top1031 lists Waterford Place Apartment Homes as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Waterford Place Apartment Homes?
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.
What exactly would I own?
A beneficial interest in NexPoint Waterford DST, a Delaware statutory trust that holds Waterford Place Apartment Homes, a 240-unit garden-style community at 101 Shore Lake Drive in Greensboro, North Carolina. The Trust holds title, not the investor. Investors are passive and cannot direct property, leasing or financing decisions.
Who is the tenant?
There is no single corporate tenant — this is multifamily, so income comes from individual apartment leases that turn over one at a time. Baker 1031 reports the property is master-leased, under a lease dated January 16, 2026, to NexPoint Waterford Leaseco, LLC, a sponsor affiliate, with BH Management providing day-to-day management on its MINT leasing platform. The master tenant's rent obligations and remedies are PPM (private placement memorandum) matters and were not stated in the public sources reviewed.
Who lent against this property?
Two layers appear in the public record. Multi-Housing News reported on January 29, 2026 that Walker & Dunlop arranged a $29.7 million Freddie Mac loan for the acquisition. Separately, a Form 8-K reports that on June 5, 2026 NexPoint Residential Trust's operating partnership purchased the Waterford Loan for $27.2 million, that its proceeds financed Waterford Place, and that it bears 10.00% fixed interest with stated maturity January 14, 2028, subject to a 364-day extension, with mandatory prepayment tied to DST syndication proceeds. Which debt sits on the property at your closing is a PPM question.
Is the Offering still open?
Yes. The original Form D was filed May 7, 2026 and the most recent amendment was filed August 25, 2026; that amendment still reports capital available. The gated sales module on this page shows the dollar amounts and investor count from that filing.
How much do I have to invest, and who can invest?
The filings state a $100,000 minimum, payable with 1031 exchange proceeds or cash. Because the Offering uses Rule 506(c), the sponsor may market it publicly but must verify that each purchaser is an accredited investor — documented income or net worth above SEC thresholds.
Can this be rolled into a REIT later?
No 721/UPREIT exit — contributing the property to a REIT's operating partnership in exchange for REIT units — is indicated for this Trust. The stated path is an eventual sale of the property; sale timing, hold expectations and the scope of sponsor discretion are set out in the PPM.
Chapter 9NexPoint Launches Waterford DST Targeting Southeast Multifamily GrowthConnect CRE/Connect Money trade article on NexPoint's launch of the NexPoint Waterford DST, framed within the firm's Southeast multifamily growth strategy and its proximity to Piedmont Triad International Airport and major regional employers. NexPoint Launches Multifamily DST Offering for Greensboro, North Carolina PropertyLaunch press release for NexPoint Waterford DST, a $31.4M Delaware statutory trust offering providing 1031-exchange access to the 240-unit, 1,155-sq-ft-average Waterford Place Apartment Homes in the Greensboro–High Point MSA. NexPoint of Dallas pays $50M for Waterford Place Apartment Homes in GreensboroLocal business-journal coverage of NexPoint's $49.5M acquisition of the 240-unit Waterford Place Apartment Homes community on the shores of Lake Jeanette in Greensboro, NC. Exclusive: NexPoint Pays $50M for North Carolina AssetNexPoint acquired Waterford Place, a 240-unit garden-style multifamily community in Greensboro, NC, from JSB Capital Group for $49.5 million, financed by a $29.7 million Freddie Mac loan from Walker & Dunlop.