NexPoint Outlook DST offers accredited investors, primarily Section 1031 exchange buyers, fractional beneficial interests in The Outlook at Greystone, a 300-unit garden-style apartment community built in 2007 in southeast Birmingham, Alabama. The Trust acquired the property for $54.5 million on November 20, 2025 with a $32.7 million, 10-year interest-only Freddie Mac loan and master leases it to a Sponsor affiliate. The Sponsor plans to grow NOI through rent growth, expense control and upgrades funded from a $4.1 million reserve, and to sell within about 5 to 10 years.