NexPoint launches self-storage Delaware Statutory Trust 
Fundraising - APRIL 20, 2023

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NexPoint launches self-storage Delaware Statutory Trust 

by Kali Persall

NexPoint, a multi-billion-dollar alternative investment firm, has launched a Delaware Statutory Trust (DST) offering, NexPoint Storage IV DST, with a fundraising target of $70.3 million.

NexPoint Storage Partners, Inc. acquired three class A assets in submarkets with high-growth levels for NexPoint Storage IV DST. Two of the assets are located in the Phoenix metropolitan statistical area (MSA), a region high-tech companies such as Intel Corp., General Dynamics and Honeywell have targeted. The third asset is located in the St. Petersburg, Fla., area, which is the third-largest MSA in the southeastern United States.

The assets are managed by Extra Space Storage, the largest third-party self-storage manager in the United States.

“We are very excited to launch NexPoint Storage DST IV with ownership in three premium assets in two MSAs that are among the top 10 fastest growing in the U.S. and in one of the fastest-growing sectors in the commercial real estate space,

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