NexPoint Marina II DST
Other property in Andersonville, TN — sponsor not disclosed
Show sources (6)Hide sources (6)
These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
NexPoint Marina II DST is an active Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — raising capital against two full-service marinas in Tennessee and Kentucky. NexPoint announced the launch on August 27, 2026.1 Sponsor materials report total acquisition cost of $44,389,504 and total capitalization of $48,968,013.2 The Trust's first Form D reached the SEC in September 2026.
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 Trust's two assets are working marinas. Stardust Marina, on Norris Lake in Andersonville, Tennessee, covers roughly 55 acres with 598 slips across five floating dock structures, and an expansion completed in June 2026 added about 62 wet slips.1 Kuttawa Harbor Marina, on Lake Barkley in Kuttawa, Kentucky, spans about 25 acres with 409 slips; New Haven Marinas acquired it in August 2025.3
- Reported location
- Andersonville, TN
Who is the tenant, and what's the lease?
No reviewed SEC filing or sponsor material names a tenant or states lease terms — marinas earn revenue from slip rentals, storage and services rather than from one lease. NexPoint reports that Stardust has historically operated at or near full occupancy and that Kuttawa Harbor has strong occupancy with active waitlists.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.
- Amount sold
- $1,489,664
- Reported unsold
- $47,478,349
- Investors reported
- 9
- Total offering
- $48,968,013
How is it financed, and what does it pay?
NexPoint's current-offerings listing shows no mortgage debt against the Trust — an all-cash structure, meaning no lender sits ahead of investors and there is no loan maturity or refinancing date to manage.4
Who's behind it?
NexPoint sponsors the Trust, and NexPoint Real Estate Advisors IV, L.P. is identified in the SEC issuer record.5 The firm announced the launch on August 27, 2026, naming New Haven Property Management as manager of the two marinas.1 It lists the Trust among its current open 1031 exchange offerings.4 AltsWire described the deal, on August 27, 2026, as NexPoint's second marina-focused DST of 2026.6
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- May convert to a REIT
- Not stated
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's SEC record begins with a Form D — the short notice an issuer files after its first sale of interests — and no amendments have followed it. The exemption claimed lets the sponsor market the offering publicly, but every purchaser must be a verified accredited investor.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- NexPoint Marina II DST
- Filings on record
- 1
- 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 NexPoint Marina II DST 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 NexPoint Marina II 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.
What does NexPoint Marina II DST actually own?
Two full-service marinas, according to NexPoint: Stardust Marina on Norris Lake in Andersonville, Tennessee (about 55 acres, 598 slips across five floating dock structures, with roughly 62 wet slips added by an expansion completed in June 2026) and Kuttawa Harbor Marina on Lake Barkley in Kuttawa, Kentucky (about 25 acres, 409 slips).
Is there a tenant or a master lease?
No reviewed SEC filing or sponsor document names a tenant or states lease terms. Marinas are operating businesses: income comes from slip rentals, storage and services rather than a single tenant's rent. Any master-lease or operating-structure mechanics would be set out in the private placement memorandum (PPM), the offering's full legal disclosure document.
Who operates the marinas day to day?
NexPoint's August 27, 2026 launch announcement states that the two properties are managed by New Haven Property Management. Separately, Marina World reported on August 12, 2025 that New Haven Marinas had acquired Kuttawa Harbor Marina and planned to add more than 60 slips and expand short-term rentals.
Does the Trust carry mortgage debt?
NexPoint's current-offerings listing shows a 0.0% loan-to-capitalization ratio for the Trust — an all-cash structure. For an exchanger that matters two ways: there is no lender-imposed maturity or refinancing event, and there is no debt at the Trust level to match if your relinquished property carried a mortgage you need to replace for 1031 purposes.
Who can invest, and what is the minimum?
The offering is limited to accredited investors, and the Form D reports a minimum outside investment of $100,000. Because the Trust is offered under Rule 506(c), the sponsor may advertise publicly but must verify each purchaser's accredited status rather than accept a self-certification.
Has NexPoint done a marina DST before?
AltsWire reported on August 27, 2026 that Marina II was NexPoint's second marina-focused DST of 2026. The reviewed materials do not describe the outcome of the earlier marina offering, so no performance history for NexPoint's marina program is established in the public record cited here.