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NexPoint Launches $137 Million Semiconductor Manufacturing DST Offering

NexPoint Launches $137 Million Semiconductor Manufacturing DST Offering. Alternative investments, Delaware statutory trusts, DST, NexPoint, real estate investment trust, semiconductor, semiconductor manufacturing, invest
NexPoint Launches $137 Million Semiconductor Manufacturing DST Offering. Alternative investments, Delaware statutory trusts, DST, NexPoint, real estate investment trust, semiconductor, semiconductor manufacturing, invest

NexPoint, an alternative investment firm with more than $16.6 billion in assets under management, announced the launch of NexPoint Semiconductor Manufacturing DST, a Delaware statutory trust that owns a semiconductor manufacturing property in Temecula, California.

The offering seeks to raise approximately $137 million in equity from accredited investors.

NexPoint says the current tenant of the property, Skorpios Technologies Inc., is engaged in both the contract fabrication and next-generation fabrication of semiconductors. The tenant also develops proprietary technology in its own vertically integrated fabrication facility. Its lease has a 15-year initial duration, with extension options, and the property is “fundamental to the tenant’s business as it houses its manufacturing and production.”

“The Trust provides a long-term investment opportunity in an increasingly in-demand industry,” said Matt McGraner, chief investment officer at NexPoint. “With applications in emerging technologies like artificial intelligence and a strong commitment by the U.S. to grow the semiconductor industry domestically, we believe the semiconductor manufacturing sector is primed for success.”

The company says the semiconductor space is in the early stages of a new wave of growth, driven in part by the CHIPS and Science Act of 2022, which Congress passed with bipartisan support. The CHIPS and Science Act of 2022 provides incentives and investment for research to ensure the U.S. stays at the forefront of innovation.

The property is located in Temecula, California, part of the Riverside, California metropolitan statistical area.

NexPoint is a multibillion-dollar alternative investment firm comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles.

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