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NexPoint Launches DST Offering for Temecula Semiconductor Plant
Dallas-based NexPoint, an alternative investment firm with $14.4 billion in assets under management, has launched NexPoint Semiconductor Manufacturing DST, a Delaware Statutory Trust that owns a semiconductor manufacturing property in Temecula. The current tenant, Skorpios Technologies Inc., is engaged in both the contract fabrication and next-generation fabrication of semiconductors.
The tenant’s lease has a 15-year initial duration, with extension options, and the property is fundamental to Skorpios’ business as it houses its manufacturing and production. NexPoint believes that these factors, along with strong industry tailwinds, high quality construction, and strategic location, make the property an attractive long-term investment.
“The Trust provides a long-term investment opportunity in an increasingly in-demand industry,” said CIO Matt McGraner at NexPoint. “With applications in emerging technologies like artificial intelligence and a strong commitment by the U.S. to grow the semiconductor industry domestically, we believe the semiconductor manufacturing sector is primed for success.”
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