NexPoint has launched NexPoint Storage VI DST, a Delaware Statutory Trust (DST) offering, which includes two Generation V, class A storage facilities in the Nashville and Washington-Arlington-Alexandria (D.C./Va.) MSAs.
The two GenV storage facilities, located in Temple Hills, Md., and Nashville, will be managed by Extra Space Storage, an industry-leading owner and operator of self-storage properties. NexPoint believes both regions present attractive long-term investment opportunities given the favorable demographic qualities. The $45 million offering qualifies for 1031 exchanges. It is open to accredited investors and requires a minimum investment of $100,000.
The Temple Hills storage facility is located in Prince George’s County, roughly 10 miles southeast of Washington, D.C. The facility’s proximity to major highways, regional malls and shopping centers provides an attractive location for a GenV storage facility. The Washington, D.C., MSA benefits from a stable,
