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Fundraising - JULY 27, 2021

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NexPoint raises $79m for self-storage fund

by Larry Gray

NexPoint Storage Partners has raised $79 million for its inaugural fund, NexPoint Storage I DST, according to a recent Form D filing. The fund sponsor is seeking to raise a total of approximately $86 million. To date, more than 200 investors have made commitments to the fund.

In December 2020, NexPoint launched NexPoint Storage Partners to originate, execute, finance and manage investments in the self-storage sector. The new entity was created through NexPoint’s 2020 acquisition of Jernigan Capital.

NexPoint Storage invests in newly built, multi-story, climate-controlled, class A self-storage facilities — known as “Generation V” facilities — located in dense and growing markets throughout the United States. The firm provides debt and equity capital to self-storage entrepreneurs with a view toward eventual outright ownership of the facilities it finance

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