Investment firm NexPoint has entered the marine industry with the launch of NexPoint Marina DST, a Delaware statutory trust, and the acquisition of two marinas.
The marinas Eufaula Cove Marina in Eufaula, Oklahoma, and Grafton Harbor in Grafton, Illinois were acquired for approximately $38.7 million with a total capitalisation of $42.7 million.
In a statement, the firm says NexPoint Marina DST represents an attractive long‑term investment opportunity supported by durable boating demand, limited new marina supply, and the strong operating performance of two premier waterfront destinations.
Eufaula Cove Marina, located on Lake Eufaula — the largest lake in Oklahoma — features a comprehensive dock system, 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.
Marinas are supported by durable demand, high tenant retention, and meaningful barriers to new supply.
Taylor Colbert
Grafton Harbor, situated along the Mississippi River near its confluence with the Illinois River, is a hospitality‑oriented marina with 252 marina slips and 25 jet ski slips, fuel services, a floating pool.
“This offering reflects our focus on delivering differentiated institutional quality real estate through tax advantage structures,” explained Taylor Colbert, director of real estate for NexPoint.
“Marinas are supported by durable demand, high tenant retention, and meaningful barriers to new supply, making them a compelling real estate category over the long term.”
Sustained recreational boating participation
NexPoint points out that the US marina industry benefits from sustained recreational boating participation, structural supply constraints and high tenant retention.
In addition, waterfront development barriers, environmental permitting complexity and scarcity of suitable land continue to limit new marina construction, supporting occupancy and pricing strength for existing assets.
NexPoint is a multibillion-dollar investment firm based in Dallas, Texas.
The firm is structured around real estate, corporate credit and equities, and retirement solutions with investment strategies offered in a range of vehicles and fund structures.
A Delaware Statutory Trust allows passive, fractional ownership in real estate.
