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Comparative Analysis

Processed

NexPoint Waterford DST

Measured against 56 extracted offerings on the identical field set, this deal sits 14 of 57 on the blended percentile score. It reads strongest on reserves and weakest on equity share of capital and loan term, which is where the diligence time belongs.

56 comparable offerings · as of August 2026

56Composite

Standing

14 of 57

Blended percentile across 14 extracted metrics.

Pricing

57th pct

Leverage

47th pct

Cost

87th pct

Ongoing

57th pct

Structure

46th pct

Percentile profile

Pricing

Acquisition cap rateMin 4.00%Med 5.50%Max 7.53%5.28%33rd
Year 1 distributionMin 0.00%Med 4.60%Max 6.75%4.51%49th
Price per unitMin $24KMed $293KMax $3290K$254K58th
Avg. distribution (term)Min 0.00%Med 5.05%Max 7.00%5.99%89th

Leverage

Loan termMin 1 yrsMed 10 yrsMax 36 yrs10 yrs29th
Offering LTVMin 0.00%Med 46.09%Max 77.78%48.60%30th
Acquisition LTVMin 0.00%Med 46.50%Max 84.00%48.60%33rd
DSCRMin 1.00xMed 1.99xMax 3.38x2.01x57th
Interest rateMin 3.91%Med 5.13%Max 9.11%4.86%84th

Cost

Total upfront loadMin 1.96%Med 7.50%Max 12.05%4.80%77th
ReservesMin 0.11%Med 5.53%Max 18.84%17.06%96th

Ongoing

Asset management feeMin 0.00%Med 0.35%Max 5.08%0.30%57th

Structure

Equity share of capitalMin 6.09%Med 100.00%Max 100.00%51.36%20th
Hold periodMin 1 yrsMed 10 yrsMax 36 yrs10 yrs71st

Bar spans the cohort minimum (Min) to maximum (Max), labelled beneath with the cohort median (Med). Shaded band is the 25th–75th percentile, the tick is the median, and the dot is this offering.

Where the headline metrics fall in the cohort

Acquisition cap rate

33rd pct

5.28%median 5.50%

Min 4.00%Med 5.50%Max 7.53%

Year 1 distribution

49th pct

4.51%median 4.60%

Min 0.00%Med 4.60%Max 6.75%

Acquisition LTV

33rd pct

48.60%median 46.50%

Min 0.00%Med 46.50%Max 84.00%

DSCR

57th pct

2.01xmedian 1.99x

Min 1.00xMed 1.99xMax 3.38x

Interest rate

84th pct

4.86%median 5.13%

Min 3.91%Med 5.13%Max 9.11%

Total upfront load

77th pct

4.80%median 7.50%

Min 1.96%Med 7.50%Max 12.05%

Metric-by-metric comparison

MetricThis offeringCohort median25th–75thDifferencePercentile
Acquisition cap ratePricing5.28%5.50%5.00%6.00%−0.22%33rd
Price per unitPricing$254K$293K$180K$434K−$39K58th
Year 1 distributionPricing4.51%4.60%4.40%5.00%−0.09%49th
Avg. distribution (term)Pricing5.99%5.05%4.75%5.31%+0.94%89th
Acquisition LTVLeverage48.60%46.50%18.89%50.20%+2.10%33rd
Offering LTVLeverage48.60%46.09%2.67%49.80%+2.51%30th
DSCRLeverage2.01x1.99x1.73x2.12x+0.02x57th
Interest rateLeverage4.86%5.13%5.01%5.48%−0.26%84th
Loan termLeverage10 yrs10 yrs8.5 yrs10.5 yrs0 yrs29th
Total upfront loadCost4.80%7.50%5.00%9.50%−2.70%77th
ReservesCost17.06%5.53%1.67%8.66%+11.53%96th
Asset management feeOngoing0.30%0.35%0.16%0.47%−0.05%57th
Equity share of capitalStructure51.36%100.00%52.93%100.00%−48.64%20th
Hold periodStructure10 yrs10 yrs8.5 yrs10.5 yrs0 yrs71st

Closest comparables

OfferingSponsorCap rateLTVDSCRLoadHoldMatch
HPI Deer Creek DSTHamilton Point Investments LLC6.00%47.50%2.02x5.14%10 yrs93%
CS1031 Colony at Centerpointe Apartments DSTCapital Square5.28%54.30%1.89x4.89%92%
NexPoint Small Bay III DSTNexPoint Real Estate Advisors IV, L.P.5.50%44.90%5.15%91%
BR Parkview Multifamily DSTBVEX5.81%49.45%1.91x4.78%10 yrs90%
MCG Gainesville FL BTR DSTMadison Capital Group1.74x10 yrs90%
Passco Preston Ridge DSTPASSCO5.00%46.93%2.06x4.06%89%
Net-Leased Portfolio 76 DSTExchangeRight Real Estate, LLC43.32%1.35x4.08%14.7 yrs87%
FREX DB SERIES I DSTFortress Real Estate Exchange LLC47.10%5.55%11 yrs86%

Match score is a normalised distance across the full extracted metric set — asset type, pricing, leverage, cost and structure all weighted equally.

Figures on this page are generated from automated extraction of offering documents and may contain errors or omissions. Verify every metric against the sponsor's offering materials before relying on it for an investment decision.