✓Preferred: underwriting indicates this investment is likely going to cover its expenses and return positive returns.

Current Offerings / NexPoint Lodging II DST

Available506(c)721 Exchange: Optional

NexPoint Lodging II DST

SponsorNexPoint

LocationFlorida, Connecticut

Property TypeHospitality

$81,573,000

Total Investment

LTV

7.15%

Income Average

8 years

Estimated Hold Period

Investment Description

The parent DST owns interests in two all-cash hotel subtrusts: the 153-room Courtyard by Marriott Bradenton Sarasota Riverfront in Bradenton, FL, and the 136-room Homewood Suites Hartford South-Glastonbury in Glastonbury, CT. The assets were acquired with property-specific operating, PIP and capital reserves. The Master Tenants are owned by OSL Holdco, an Ohio State Life affiliate, and operate under Marriott and Hilton franchise arrangements. The parent manager may exercise a 721 exchange right; holders may elect cash instead of units.

Investment Sponsor

NexPoint

Availability Status

Available

Registration

506(c)

721 Exchange

Optional

Property Type

Hospitality

Equity

$81,573,000

Debt

Total Investment

$81,573,000

LTV

Initial Reserves

$8,932,000

Lender

None

Amortization

N/A

Estimated Hold Period

8 years

Projected Cash Flow

Cash Flow Basis: Projected Investor Distribution · Forecast Through: Year 8 · Post-Forecast Treatment: Projected Sale / Exit

Financial projections provide investor cash flow through Year 8: 6.30%, 6.50%, 6.93%, 7.25%, 7.39%, 7.54%, 7.58%, 7.69%. Years 9-10 are not presented as 0%.

Highlights

Two branded, extended-stay hotels totaling 289 rooms across Bradenton, FL and Glastonbury, CT.

All-cash structure eliminates property-level refinance and interest-rate exposure.

PPM financial projections show investor distributions of 6.30%, 6.50%, 6.93%, 7.25%, 7.39%, 7.54%, 7.58% and 7.69% in years 1-8.

Reserves include $6.062 million PIP, $552,000 ADA, $422,000 immediate-repair and other property-specific reserves.

721 exchange right is sponsor-controlled, but each holder can elect cash rather than exchange-entity units.

Jerry Baker's Notes

Before you read these notes

Jerry Baker's Notes are his opinion, shared to help frame a conversation. They are not investment advice, a recommendation, or an offer, and they are not a substitute for the offering documents. Review the Private Placement Memorandum for complete information, including risk factors, before making any decision.

I understand · Show the notes

The all-cash capitalization removes the principal financing risk but leaves a pure hotel-operating case: occupancy, ADR, RevPAR, franchise compliance and PIP execution drive the result. The 6.30%-to-7.69% projected distributions rely on occupancy rising to roughly 79%, ADR increases and retention of only a narrow Master Tenant EBITDA margin, across an eight-year projected hold. Master Tenants and their parent are affiliated with Ohio State Life; this is not equivalent to a public REIT payment guarantee.

Property Addresses

1100 Riverfront Boulevard, Bradenton, FL 34205

265 Glastonbury Boulevard, Glastonbury, CT 06033

Offering Documents

Download all documents (.zip)

NexPoint Lodging II DST - PPM.pdfDownload NexPoint Lodging II DST - Brochure.pdfDownload NexPoint Lodging II DST - Fact Sheet.pdfDownload NexPoint Lodging II DST - Financial Projections.pdfDownload NexPoint Lodging II DST - Property Improvement Plan.zipDownload

Documents are provided by the sponsor for registered investors. Review the Private Placement Memorandum in full, including risk factors, before making any decision.

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