NexPoint, a multibillion-dollar alternative investment firm, has announced the launch of NexPoint Marina II DST, a Delaware statutory trust (DST) offering. The offering is backed by two established, full-service marina properties: Stardust Marina on Norris Lake, in Andersonville, Tenn., and Kuttawa Harbor Marina on Lake Barkley, in Kuttawa, Ky.
With a total acquisition cost of approximately $44 million and a total capitalization of $49 million, NexPoint Marina II DST provides investors access to two established marina assets operating in highly trafficked recreational boating markets characterized by strong demand, high occupancy and limited competitive marina supply.
Stardust Marina is a full-service marina located on Norris Lake, one of the Southeast’s premier recreational boating destinations. Stardust Marina encompasses approximately 55 acres and features 598 slips across five floating dock structures. Located within convenient driving distance of Knoxville, Tenn
