NexPoint Launches Marina II DST Offering Backed by Two Full-Service Marina Properties

NexPoint Launches Marina II DST Offering Backed by Two Full-Service Marina Properties

PR Newswire

DALLAS, Aug. 27, 2026

Two destination marinas offering diversified revenue streams and growth potential

DALLAS, Aug. 27, 2026 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Marina II DST (the "Offering"), a Delaware statutory trust ("DST") offering. The offering is backed by two established, full‑service marina properties: Stardust Marina on Norris Lake, in Andersonville, TN and Kuttawa Harbor Marina on Lake Barkley, in Kuttawa, KY.

With a total acquisition cost of approximately $44.0 million and a total capitalization of $49.0 million, NexPoint Marina II DST provides investors access to two established marina assets operating in highly trafficked recreational boating markets characterized by strong demand, high occupancy, and limited competitive marina supply.

Stardust Marina is a full-service marina located on Norris Lake, one of the Southeast's premier recreational boating destinations. Stardust Marina  encompasses approximately 55 acres and features 598 slips across five floating dock structures. Located within convenient driving distance of Knoxville and Nashville, Stardust Marina has historically operated at or near full occupancy, reflecting strong regional boating demand. Stardust Marina also benefits from a diverse revenue profile that includes fuel sales, food and beverage operations, retail offerings, lodging accommodations, RV spaces, and boat rentals. Recent expansions completed in June of 2026 added approximately 62 wet slips, creating an opportunity to capture unmet demand and drive future growth.

Kuttawa Harbor Marina is situated on Lake Barkley, part of one of the largest interconnected recreational boating systems in the central United States. The approximately 25-acre property features 409 slips and serves as a destination marina for both regional and visiting boaters. Kuttawa Harbor Marina benefits from strong occupancy, active waitlists, and a long operating history within the Lake Barkley boating corridor. In addition to slip rentals, the Kuttawa Harbor Marina generates revenue through fuel services, food and beverage operations, retail offerings, and boat and lodging rentals. Recent dock expansions are expected to increase capacity and further support long-term revenue growth.

Marina real estate continues to benefit from favorable industry fundamentals, including a large and established recreational boating base, high customer retention, limited waterfront development opportunities, and significant barriers to entry associated with environmental regulations and permitting requirements. These factors have helped support strong occupancy levels and durable cash flow across well-located marina assets.

"NexPoint Marina II DST reflects our strategy of acquiring high-quality real estate assets in sectors supported by favorable supply and demand dynamics," said Taylor Colbert, Managing Director for NexPoint. "Both properties exhibit strong operating performance, diversified revenue streams, and embedded expansion opportunities that we believe can support long-term value creation for investors."

The properties will be managed by New Haven Property Management, an experienced marina operator specializing in waterfront asset management, guest services, fuel operations, dock services, and ancillary revenue optimization. NexPoint believes New Haven Property Management's operational expertise and comprehensive management platform will help support occupancy, revenue growth, and long-term asset performance.

About NexPoint

NexPoint is a multibillion-dollar investment firm based in Dallas, Texas. The firm is structured around three major business areas: real estate, corporate credit and equities, and retirement solutions. NexPoint's businesses span asset classes, industries, and strategies, providing the flexibility to invest across capital structures and market environments. Serving a diverse client base, NexPoint's investment strategies are offered in a range of vehicles and fund structures, including mutual funds, public and private REITs, tax-advantaged vehicles, private funds, and separate accounts. For more information, including important risks and disclosures, visit nexpoint.com.

This announcement is intended only for informational purposes and does not constitute an offer to buy or sell securities. Offers will only be made through a private placement memorandum to accredited investors and where permitted by law. 

CONTACTS

Investor Relations
Kristen Griffith
IR@nexpoint.com 

Media Relations
Comms@nexpoint.com

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SOURCE NexPoint