NexPoint, a multibillion-dollar alternative investment firm, has announced the launch of NexPoint Outlook DST, a Delaware statutory trust (DST) offering of a multifamily property in Birmingham, Ala.
Outlook at Greystone is a 300-unit, class A apartment community strategically located in Southeast Birmingham, offering a range of studio to three-bedroom floorplans that average 905 square feet with in-place rents of $1,367 per month. Immediate value-add opportunities, including planned renovations and washer/dryer installations, are expected to drive rent growth and attractive returns.
The total acquisition cost for the offering is $61.2 million, with an offering size of $32.9 million. Investors may participate with a minimum investment of $100,000, available through cash or a 1031 exchange. The structure provides leverage to investors at 49.9 percent, with a fixed interest rate of 4.7 percent and interest-only payments for the full 120-month term. Participation is limite
