Spotlight: NexPoint and Its Delaware Statutory Trust Platform
The Dallas firm’s 1031 shelf runs to marinas and semiconductor plants, and it reports $749.1 million of its own capital invested alongside clients.
August 27, 2026
NexPoint is a Dallas-based alternative investment firm, founded in 2012 and headquartered in the Crescent Court tower in Uptown Dallas, that reports approximately $16.6 billion in assets under management as of March 31, 2026 — a figure it says covers NexPoint Advisors, L.P. and its affiliates — alongside $749.1 million of its own invested capital as of the same date. The firm is organized around real estate, corporate credit and equities, and retirement solutions, and comprises investment advisers, sponsors, and an affiliated broker-dealer, NexPoint Securities.
A DST shelf built on specialty sectors
On August 27, 2026, NexPoint launched NexPoint Marina II DST, backed by Stardust Marina on Norris Lake in Andersonville, Tennessee, and Kuttawa Harbor Marina on Lake Barkley in Kuttawa, Kentucky, at a total acquisition cost of roughly $44.0 million and total capitalization of $49.0 million. Stardust covers about 55 acres with 598 slips across five floating dock structures, and an expansion completed in June 2026 added roughly 62 wet slips. Kuttawa Harbor covers about 25 acres with 409 slips. New Haven Property Management will operate both properties.
The first marina program preceded it by months. NexPoint Marina DST launched in March 2026 holding Eufaula Cove Marina in Eufaula, Oklahoma, and Grafton Harbor in Grafton, Illinois, and the firm reported it fully subscribed on July 23, 2026. Taylor Colbert, a managing director at NexPoint, has argued the sector case publicly: marina real estate is underfollowed, finite waterfront geography and permitting requirements cap new supply, and the operating complexity that deters entrants leaves room for operators willing to take it on. The revenue mix he points to extends past slip rentals into fuel, food and beverage, retail, lodging, RV spaces, and boat rentals.
NexPoint says the wider DST shelf spans multifamily, self-storage, life sciences, industrial, and hospitality, with Lodging II DST launched July 14, 2026 and a multifamily DST on a Greensboro, North Carolina property launched that March.
Listed REITs, registered funds, and a non-traded BDC
NexPoint externally manages three NYSE-listed REITs: NexPoint Residential Trust (NXRT) in multifamily, NexPoint Real Estate Finance (NREF) in commercial mortgage, and NexPoint Diversified Real Estate Trust (NXDT), with NREF and NXDT each carrying listed preferred series. The registered lineup includes NexPoint Real Estate Strategies Fund, an interval fund; open-end Merger Arbitrage, Event Driven, Climate Tech, and Credit Catalyst funds; and two closed-end funds that still carry the Highland name, Highland Global Allocation Fund (HGLB) and Highland Opportunities and Income Fund (HFRO), run through NexPoint Asset Management. NexPoint Capital is the firm’s non-traded BDC, and NexPoint has announced recurring tender offers for its common stock through 2026, most recently on August 21. Private vehicles include VineBrook Homes Trust in single-family rental and NexPoint Storage Partners.
NexEnergy
On June 18, 2026, NexPoint formed NexEnergy and hired Luke Blackwell as its president to source, evaluate, and execute oil and gas investments, with particular focus on mineral and royalty interests. The firm’s own account of the timing is that it had already been investing in the sector through its corporate balance sheet, affiliated ownership structures, and personal capital commitments from management, and that NexEnergy converts that exposure into a dedicated vertical with products distributable to advisors. Dustin Norris, president of NexPoint Securities, described the hire as moving accumulated sector experience into a formal platform. Blackwell spent more than a decade in oil and gas executive roles, including extensive work in the Permian Basin, and the firm added a geology leader to the platform on August 7, 2026.
