Top1031
Waterford Place Apartment Homes
Multifamily property in Greensboro, NC · sponsored by NexPoint
Waterford Place Apartment Homes is a DST sponsored by NexPoint that owns a multifamily property in Greensboro, NC (240 units). Its latest Form D, filed Sep 17, 2026, lists a $31.3 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $31,360,817Equity offered, per the Form D
- Sold so far
- Form D, Sep 17, 2026; the % is our arithmetic34.0%
- Investors reported
- Form D, Sep 17, 202628
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,744,071 · 8.7% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
Sales so far
- Latest Form D
- Sep 17, 2026 · 8 filings
- First sale
- May 4, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $10,663,900
- Not yet sold
- $20,696,917
- Investors
- 28
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
34.0% of $31,360,817 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $2.3 million a month
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Ask a 1031 specialist about this recordFree. About: Waterford Place Apartment Homes. Top1031 is not a broker-dealer.Waterford Place Apartment Homes · Greensboro, NC · Photo: nexpoint.com
What does the Trust own?
NexPoint acquired Waterford Place on January 16, 2026 for $49.5 million, according to an offering summary, which also reported the community 90.0% leased as of March 9, 2026. 1 The site sits in the Greensboro and High Point metro area, near Piedmont Triad International Airport and several large regional employers.
- 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
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
Leveraged means the Trust holds the property subject to mortgage debt, which is repaid ahead of investors. Multi-Housing News reported that Walker & Dunlop arranged a $29.7 million Freddie Mac loan for the purchase. 3 Reserves are cash set aside for the property rather than paid out.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Interest rate
- 4.86% fixed
- Loan term
- 120 months, interest-only for full term
- Reserves held by the lender
- $797,576
- Reserves the trust controls
- $4,552,427
Costs and terms from the Form D
- Selling commissions
- $2,744,071 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,096,452 · 6.6% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition/facilitation fees that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 7 named in the Form D
Show the firms
- Aurora Securities · CRD 46147
- Capulent LLC · CRD 155155
- Courtlandt Securities Corporation · CRD 137356
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- McDermott Investment Services, LLC · CRD 154926
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 4, 2026
- 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.
Who's behind the Trust?
NexPoint is a real estate and alternative investment manager whose 1031 platform packages apartment communities into Delaware statutory trusts. Its Form D names NexPoint Real Estate Advisors IV, L.P. as this Trust's sponsor. 2 Affiliates recur through the structure, since the master tenant that holds the property's lease is itself a NexPoint entity. 1 Trade coverage on March 30, 2026 framed the Trust within NexPoint's Southeast multifamily growth strategy.
- Sponsor
- Sponsor entity in the Form D
- NexPoint Real Estate Advisors IV, L.P.
- Manager and signatory trustee
- NexPoint Waterford Parent Manager, LLC
- Property manager
- BH Management (MINT leasing platform)
- Offering launched
- Mar 24, 2026
- Offerings on record
What does the SEC record show?
The issuer reported May 4, 2026 as the date of first sale, before the first Form D reached the SEC. 2 A Form D is a short notice of an exempt offering; each later amendment updated the issuer's reported figures.
- Legal Trust name
- NexPoint Waterford DST
- SEC CIK
- 2134000
- First Form D
- May 7, 2026
- Latest Form D
- Sep 17, 2026
- Filings on record
- 8
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $31,360,817 | $10,663,900+$5,301,801 | 28+11 | EDGAR | |
| Form D/A | $31,360,817 | $5,362,099+$784,483 | 17+4 | EDGAR | |
| Form D/A | $31,360,817 | $4,577,616+$1,205,000 | 13+3 | EDGAR | |
| Form D/A | $31,360,817 | $3,372,616+$1,161,725 | 10+2 | EDGAR | |
| Form D/A | $31,360,817 | $2,210,891+$975,186 | 8+3 | EDGAR | |
| Form D/A | $31,360,817 | $1,235,705+$602,408 | 5+2 | EDGAR | |
| Form D/A | $31,360,817 | $633,297+$150,000 | 3+1 | EDGAR | |
| Form D | $31,360,817 | $483,297 | 2 | EDGAR |
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
- Is Waterford Place Apartment Homes an active offering?
- Waterford Place Apartment Homes is an Active offering: its latest Form D was filed Sep 17, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What exactly would an investor 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, and investors are passive: they cannot direct leasing, property or financing decisions. The filings report a $100,000 minimum, payable with 1031 exchange proceeds or cash.
- Who is the tenant?
- There is no single corporate tenant. Income comes from individual apartment residents. A Baker 1031 offering summary describes the property as master-leased, effective January 16, 2026, to NexPoint Waterford Leaseco, LLC, a sponsor affiliate, with BH Management handling day-to-day operations through its MINT leasing platform. The master lease sets what the master tenant owes the trust, and the offering documents spell out those terms.
- How is the property financed?
- With mortgage debt on top of investor equity. Multi-Housing News reported on January 29, 2026 that Walker & Dunlop arranged a $29.7 million Freddie Mac loan for the acquisition. A Baker 1031 offering summary describes that loan as fixed rate with interest-only payments for its full ten-year term, so the principal balance does not amortize during the hold.
- Has the renovation work been done?
- No. NexPoint describes a value-add plan of 33 full apartment upgrades and 122 partial upgrades, and its materials present the work as planned rather than completed. The budget, the timing and who decides whether the work proceeds are set out in the offering documents.
- Can the interests be rolled into a REIT later?
- A 721 exchange, or UPREIT, exit is not part of this Trust's structure. That exit lets a DST investor contribute an interest into a REIT's operating partnership in exchange for OP units; it is not a feature here. Any exit terms that do apply are described in the offering documents.
- How full was the community?
- A Baker 1031 offering summary reported Waterford Place 90.0% leased as of March 9, 2026. That is a dated snapshot rather than a continuing measurement, and apartment occupancy moves with resident turnover month to month. The property was built in 1997 and averages 1,155 square feet per floor plan.
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.