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NexPoint DST Offering Adds Two Kissimmee Industrial Properties
NexPoint launched the NexPoint Small Bay II DST, a Delaware statutory trust (“DST”) offering comprised of two Small Bay industrial properties in the Orlando-Kissimmee-Sanford metropolitan statistical area (“MSA”).
The offering, sized at just under $39 million, adds 378,929 square feet of multi-tenant warehousing and industrial space to NexPoint’s portfolio.
The two properties in the DST offering include:
- The Lakefront Property which starts at 6101 Chancellor Drive in Orlando, and
- BaySpace Belle is located at 1200-1270 Belle Avenue, Winter Springs, and offers 192,767 square feet of flex and multi-tenant industrial space.
With this offering, NexPoint expands its footprint in Central Florida and the light industrial sector, often referred to as “Small Bay.” The launch follows NexPoint Small Bay I DST, a now-closed offering that raised $59.5 million.
- ◦Sale/Acquisition
