Fundraising - JULY 27, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

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

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.