NexPoint Small Bay III DST
NexPoint Small Bay III DST is a real estate fund based in Dallas, Texas. According to its most recent Form D, filed Oct 6, 2026, it has sold $33,225,473 of interests to 101 investors since its first sale in Oct 2025. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include NexPoint Real Estate Advisors IV, L.P; Paul Richards; Matt McGraner.
- Total raised
- $33,225,473Cumulative sales reported on Form D
- Investors
- 101
- First sale
- Oct 28, 2025
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- NexPoint Real Estate Advisors IV, L.P; Paul Richards; Matt McGraner
- Latest Form D
- Oct 6, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Oct 6, 2026 | Form D/A (amendment) | $33,225,473 | 101 | SEC.gov ↗ |
| Sep 9, 2026 | Form D/A (amendment) | $26,934,778 | 93 | SEC.gov ↗ |
| Aug 25, 2026 | Form D/A (amendment) | $25,712,141 | 91 | SEC.gov ↗ |
| Jun 10, 2026 | Form D/A (amendment) | $22,414,235 | 76 | SEC.gov ↗ |
| May 19, 2026 | Form D/A (amendment) | $21,716,927 | 71 | SEC.gov ↗ |
| May 12, 2026 | Form D/A (amendment) | $20,882,923 | 67 | SEC.gov ↗ |
| Apr 28, 2026 | Form D/A (amendment) | $19,984,608 | 63 | SEC.gov ↗ |
| Mar 4, 2026 | Form D/A (amendment) | $17,344,828 | 50 | SEC.gov ↗ |
| Feb 18, 2026 | Form D/A (amendment) | $16,748,796 | 46 | SEC.gov ↗ |
| Feb 3, 2026 | Form D/A (amendment) | $15,316,030 | 39 | SEC.gov ↗ |
| Jan 27, 2026 | Form D/A (amendment) | $13,099,688 | 35 | SEC.gov ↗ |
| Jan 13, 2026 | Form D/A (amendment) | $11,152,102 | 29 | SEC.gov ↗ |
19 Form D filings in the SEC's electronic records (2008 onward), the earliest on Nov 7, 2025. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Showing the latest 12 of 19 filings; the rest are on SEC.gov. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about NexPoint Small Bay III DST
What is the minimum investment for NexPoint Small Bay III DST?
According to its latest Form D, filed Oct 6, 2026, the minimum investment NexPoint Small Bay III DST accepts from an outside investor is $100,000.
Who can invest in NexPoint Small Bay III DST?
NexPoint Small Bay III DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has NexPoint Small Bay III DST raised?
NexPoint Small Bay III DST reports $33,225,473 sold from 101 investors on its Form D filed Oct 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is NexPoint Small Bay III DST based?
NexPoint Small Bay III DST is based in Dallas, Texas.
When did NexPoint Small Bay III DST launch?
NexPoint Small Bay III DST reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 95% of the 1,420 real estate funds based in Texas, and more than 91% of all 7,351 that report sales.