Global Infrastructure SherpaNexPoint launches first marina DST offering backed by Eufaula Cove Marina and Grafton Harbor
NexPoint, a multibillion-dollar alternative investment firm, launched NexPoint Marina DST, a Delaware statutory trust offering. The offering is backed by two full-service marina properties, Eufaula Cove Marina in Eufaula, Okla., and Grafton Harbor in Grafton, Ill., with a total acquisition cost of approximately $38.7 million. This investment represents a long-term opportunity supported by durable boating demand and limited new marina supply.
Counterparts (4)
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- NexPoint's first marina DST offering
- Backed by two full-service marinas: Eufaula Cove (OK) and Grafton Harbor (IL)
- Total acquisition cost: ~$38.7 million
- Driven by durable boating demand and limited new supply
Source Intelligence
The offering is a "Delaware statutory trust (DST) offering". The deal has a "total capitalization of $42.7 million". The properties are "two established, full‑service marina properties". Eufaula Cove Marina features "459 marina slips and eight jest ski slips and multiple ancillary revenue sources including fuel, food and beverage, retail sales and a Jellystone‑branded RV and cabin resort" and is "located on Lake Eufaula".
"NexPoint, a multibillion-dollar alternative investment firm, has announced the launch of NexPoint Marina DST"
"NexPoint, a multibillion-dollar alternative investment firm, has announced the launch of NexPoint Marina DST, a Delaware statutory trust (DST) offering."
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