NexPoint Waterford DST

101 Shore Lake Drive

Greensboro, NC

27455

Asset Class

Multifamily

Offering Price

$61,060,817

Year Built

1996

LTV

48.64%

Estimated Hold Period

7 – 10 yrs

Projected Year 1 Cash Flow

4.51%

Exchange-X, along with managing partner NexPoint, is pleased to announce the offering of NexPoint Waterford DST.  NexPoint Waterford DST is an institutional-grade, low-density, class-A multifamily real estate asset.  Built in 1997, the property consists of a 240-unit, garden-style apartment community situated along the scenic shores of Lake Jeanette. The asset features differentiated, modern living spaces characterized by large floor plans with sunrooms that average 1,155 square feet. Community amenities include a resort-inspired swimming pool with a sun shelf, a 24-hour fitness center, a beautiful clubhouse, lighted sports courts, nature trails, a private waterfront gazebo, and an off-leash bark park.

The property occupies a strong competitive position in the North Greensboro submarket, insulated by high barriers to entry and an affluent local demographic boasting average household incomes up to $130,000 within a one-mile radius. The broader Greensboro MSA has grown 28% since 2000 to nearly 795,000 residents, supported by a diversified employment base across advanced manufacturing, aviation, healthcare, and logistics. Exceptionally strong regional economic tailwinds—anchored by JetZero’s 14,500-job aerospace expansion and Toyota’s upcoming $10 billion battery manufacturing facility—drive steady inbound migration and durable rental demand to support long-term asset value.

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