NexPoint Marina DST offers 1031 exchange and cash investors fractional beneficial ownership of two unlevered marinas: Eufaula Cove Marina on Lake Eufaula, Oklahoma, and Grafton Harbor on the Mississippi River in Grafton, Illinois, acquired by Sponsor affiliates for $36.0 million. Each Operating Trust master leases its property for 10 years to a Sponsor-affiliated Master Tenant, which operates slips, fuel, food and beverage, rentals and a Jellystone Park franchise through an unaffiliated property manager. The Sponsor targets NOI growth through slip rate increases, ancillary revenue and minor capital improvements, with a sale or Exchange Right exit in about five to 10 years.