NexPoint Marina II DST

Overview

NexPoint Marina II DST is a Parent Trust owning 100% of the Class 2 Beneficial Interests in two Operating Trusts, each holding one marina. All-cash, no financing. 1,007 slips across approximately 80.1 acres of upland and submerged land, with roughly 12,637 net rentable square feet of related amenities.

Kuttawa Harbor Marina. 1709 Lake Barkley Drive, Kuttawa, Kentucky, on the Cumberland River - approximately 25.14 acres, 409 slips, ~5,281 NRSF, developed 1973 and 2011. Occupancy 100% at 30 June 2026. Operated under a lease from the U.S. Army Corps of Engineers expiring 6 August 2050.

Stardust Marina. 149 Stardust Lane, Andersonville, Tennessee, on the Clinch River near the entrance to Norris Lake - approximately 54.96 acres, 598 slips, campground sites, ~7,356 NRSF, developed 1962, 1982, 2000 and 2004. Occupancy 85% at 30 June 2026 “due to the continued lease-up of new slips; prior to the addition of such slips, occupancy was approximately 95%.” Operated under a Tennessee Valley Authority license that is terminable by either party on not less than 30 days’ notice, with scheduled license payments contemplated through 2043. The Master Tenant is pursuing a 30-year TVA easement that would replace it.

Both properties are managed by New Haven Property Management, LLC and master-leased to sponsor-affiliated Master Tenants. On-site operations include fuel, dining, retail and boat rental.

Key highlights

• Two marina facilities totaling 1,007 slips plus a campground, at Kuttawa, Kentucky and Andersonville, Tennessee.
• $48,968,013 equity offering, debt-free, $100,000 minimum purchase.
• Each Operating Trust owns the IMPROVEMENTS ONLY, not the underlying land or waters; the rights to occupy that land are held by the Master Tenant, a Sponsor affiliate, under a federal lease expiring in 2050 at one marina and a license terminable on 30 days' notice at the other.
• Projected distributions of 6.70% in year one and 7.21% average across the ten-year forecast; these are the Sponsor's projections and are not guaranteed.
• Ten-year projected hold, with an optional Section 721 exchange exercisable on either marina separately and cash available by election.

Financials

Projected distributions

Year 1

6.70%

Year 2

6.74%

Year 3

6.79%

Year 4

7.04%

Year 5

7.11%

Year 6

7.21%

Year 7

7.33%

Year 8

7.45%

Year 9

7.70%

Year 10

8.00%

Projections from the sponsor’s offering documents. Distributions are not guaranteed and may be lower than shown or suspended. See the PPM for assumptions.

Property addresses 2

• 1709 Lake Barkley Drive, Kuttawa, KY 42055 (Kuttawa Harbor Marina - 409 slips, ~25.14 acres, ~5,281 NRSF, USACE lease to 8/6/2050 held by the MASTER TENANT)
• 149 Stardust Lane, Andersonville, TN 37705 (Stardust Marina - 598 slips plus campground, ~54.96 acres, ~7,356 NRSF, TVA license terminable on 30 days' notice, held by the MASTER TENANT)

Documents

• NexPoint Marina II Brochure
• NexPoint Marina II Fact Sheet
• NexPoint Marina II PPM