NexPoint Fully Subscribes $46.3 Million Oasis DST Offering for Kissimmee Multifamily Community

DALLAS — NexPoint, a multibillion-dollar alternative investment firm, announced Oct. 7 that it has fully subscribed its NexPoint Oasis DST, a Delaware statutory trust offering that raised approximately $46.3 million in equity through the firm's 1031 exchange platform. The offering consists of Oasis at Shingle Creek, a Class A, garden-style multifamily community in Kissimmee, Florida.

NexPoint Oasis DST Offering Details

The NexPoint Oasis DST gives accredited investors access to institutional-quality real estate through a tax-advantaged structure. The trust holds Oasis at Shingle Creek, which was developed in 2018 and features resort-style amenities, private entries, direct-access garages and modern unit interiors.

The $46.3 million equity raise equates to approximately $129,800 per unit across the property's 356 apartments. That figure reflects the equity raised only and is not the property's purchase price or total capitalization.

NexPoint's announcement states that offers are made only through a private placement memorandum to accredited investors and where permitted by law.

Matt McGraner on Investor Demand

Matt McGraner, Chief Investment Officer and Executive Vice President of NexPoint, said the full subscription reflects continued investor interest in high-quality multifamily assets in markets with strong long-term fundamentals.

"The successful full subscription of NexPoint Oasis DST reflects continued investor interest in high-quality multifamily assets located in markets with strong long-term fundamentals," McGraner said. "We believe the property's location, quality, and surrounding demographic trends resonated with investors seeking institutional real estate opportunities."

Oasis at Shingle Creek Property Profile

Oasis at Shingle Creek is located at 14350 Osceola Trail Road in Kissimmee, within the Orlando-Kissimmee-Sanford metropolitan area. The property comprises 356 units across 15 buildings, totaling 347,081 square feet on a 27.35-acre site. The average unit size is approximately 975 square feet. The community was developed by The Altman Companies and was 94.1% leased as of July 2025.

Asking rents range from about $1,456 to $3,875 per month across one- to three-bedroom floor plans of 748 to 1,477 square feet. The community is in one of the fastest-growing metropolitan areas in the United States, benefiting from strong population growth, job creation and sustained demand for quality rental housing.

Orlando Multifamily Market Context

Orlando multifamily conditions are mixed but improving. Market vacancy moved back into the high-5% range after briefly falling below 5% in the prior year, while leasing conditions began firming in early 2026 as hiring improved. Another market outlook places Orlando vacancy at approximately 8.7% in the fourth quarter, with new supply expected to taper and average asking rents projected to rise 2.1% by year-end. The differing vacancy estimates likely reflect differences in geography, methodology and the inventory measured.

Orlando multifamily cap rates have risen roughly 100 basis points since 2022 and are estimated at approximately 5.0% to 5.5%, depending on asset class and submarket. A separate 2026 outlook places stabilized Class A assets in strong Orlando submarkets at roughly 4.75% to 5.25%.

NexPoint's DST and 1031 Exchange Platform

The Oasis closing builds on the growth of NexPoint's DST and 1031 exchange platform, which spans multifamily, self-storage, life sciences, industrial, hospitality, marinas and energy assets. NexPoint is based in Dallas, Texas, and is organized around three business areas: real estate, corporate credit and equities, and retirement solutions. Its investment strategies are offered through vehicles including mutual funds, public and private REITs, tax-advantaged vehicles, private funds and separate accounts.

Sources

NexPoint press release, "NexPoint Fully Subscribes $46 Million Multifamily DST Offering," Oct. 7, 2026: https://www.nexpoint.com/nexpoint-fully-subscribes-46-million-multifamily-dst-offering/