NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Lodging I DST, a Delaware Statutory Trust (“DST”) offering for the Residence Inn Salt Lake City – West Jordan (“Residence Inn” or “the Property”) located in the West Jordan area of Salt Lake City.
NexPoint partnered with PEG Companies’ in-house hospitality management group, PEG Hospitality Group (“PEG”), which will operate and manage the hotel on the Property. PEG, which was founded in 2003, has significant experience in the Salt Lake City metro area, having managed a more than 3,000 key portfolio in the region, representing some of the most recognized hotel brands.
The new offering, which represents NexPoint’s first dedicated hospitality DST vehicle, allows investors are to access the hospitality sub-sector in a way that offers potential tax advantages.
The offering, sized at $27,934,800, requires a minimum investment of $100,000. The use of the DST structure provides the potential to involve investors looking to complete 1031 exchanges.
NexPoint has significant experience in the DST space, launching and fully subscribing offerings in the niche sub-sectors of self-storage, small bay (light industrial), life sciences, multifamily, and now, hospitality. By offering access to these sub-sectors of commercial real estate, NexPoint grants its investors the ability to capitalize on meaningful growth and demand for specialized commercial real estate.
The Property is located in West Jordan, Utah, a suburb within the fast-growing Salt Lake City MSA that benefits from a diverse economy supported by retail, manufacturing, healthcare, and education. Its strategic location near major transportation routes and proximity to Salt Lake City enhances its appeal to technology firms and industrial operators alike. These factors, combined with access to outdoor recreation and a robust infrastructure network, contribute to a favorable outlook for the Property.
“We view this as a strategic step in broadening our alternative investment platform within the lodging space,” said Matthew McGraner, CIO at NexPoint. “Our partnership with PEG reflects our focus on aligning with experienced teams that bring operational strength.”
About NexPoint
NexPoint is a multibillion-dollar alternative investment firm based in Dallas, Texas. The firm is structured around three major business areas: real estate, corporate credit and equities, and insurance 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, visit nexpoint.com.
About PEG Hospitality Group
Founded in 2003, PEG is a leading vertically integrated owner, developer, and operator of residential and hospitality assets in the U.S. and Canada with a focus on the Rocky Mountain region. Initially best known for its creative and well-executed real estate developments, PEG’s unwavering discipline has propelled the firm to approximately $2 billion in AUM and 12.3 million square feet developed (as of September 30, 2024). PEG’s vertically integrated team of 1,100-plus professionals across North America helps to inform strategic investment decisions with real-time data, operate with maximum efficiency, and drive superior returns for PEG’s investors. For more information, visit www.pegcompanies.com.
CONTACTS
Investor Relations
Kristen (Thomas) Griffith
ir@nexpoint.com
