Form D · Other Real Estate

NexPoint Small Bay III DST

Dallas, TX · CIK 0002094145

Offering snapshot reported Oct 6, 2026 · SEC filing

Reported sold
$33.2M
Offering amount: $50.4M
Investors reported
101
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Oct 28, 2025
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$16.6M$33.2MFeb 3, 2026: $15,316,030.00Feb 3, 2026Feb 18, 2026: $16,748,796.00Mar 4, 2026: $17,344,828.00Apr 28, 2026: $19,984,608.00May 12, 2026: $20,882,923.00May 19, 2026: $21,716,927.00Jun 10, 2026: $22,414,235.00Aug 25, 2026: $25,712,141.00Sep 9, 2026: $26,934,778.00Oct 6, 2026: $33,225,473.00Oct 6, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$26,934,778 → $33,225,473
  • Reported investors93 → 101

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 6, 2026Amendment$33,225,473$6,290,695vs Sep 9, 2026101SEC filing
Sep 9, 2026Amendment$26,934,778$1,222,637vs Aug 25, 202693SEC filing
Aug 25, 2026Amendment$25,712,141$3,297,906vs Jun 10, 202691SEC filing
Jun 10, 2026Amendment$22,414,235$697,308vs May 19, 202676SEC filing
May 19, 2026Amendment$21,716,927$834,004vs May 12, 202671SEC filing
May 12, 2026Amendment$20,882,923$898,315vs Apr 28, 202667SEC filing
Apr 28, 2026Amendment$19,984,608$2,639,780vs Mar 4, 202663SEC filing
Mar 4, 2026Amendment$17,344,828$596,032vs Feb 18, 202650SEC filing
Feb 18, 2026Amendment$16,748,796$1,432,766vs Feb 3, 202646SEC filing
Feb 3, 2026Amendment$15,316,030No comparison39SEC filing
Jan 27, 2026Amendment$13,099,688No comparison35SEC filing
Jan 13, 2026Amendment$11,152,102$3,535,827vs Jan 6, 202629SEC filing
Jan 6, 2026Amendment$7,616,275$600,000vs Dec 23, 202522SEC filing
Dec 23, 2025Amendment$7,016,275$1,444,172vs Dec 22, 202521SEC filing
Dec 22, 2025Amendment$5,572,103$683,457vs Dec 16, 202516SEC filing
Dec 16, 2025Amendment$4,888,646$495,238vs Dec 2, 202513SEC filing
Dec 2, 2025Amendment$4,393,408$2,511,731vs Nov 20, 20259SEC filing
Nov 20, 2025Amendment$1,881,677$733,271vs Nov 7, 20256SEC filing
Nov 7, 2025Initial$1,148,406No comparison3SEC filing

Offering details

Securities
Equity
Exemptions
06c, 3C, 3C.5
Duration over one year
No
Business combination
No
Sales commissions
$4.41M (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-563482
Regarding Item 11, the Issuer may accept smaller investments in the Sponsor's sole discretion.
Sales Commissions include estimates of the maximum amount of Selling Commissions and Dealer Fees that may be paid.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Aurora Securities46147
Great Point Capital LLC114203
Arkadios Capital282710
Metric Financial, LLC33324
Emerson Equity LLC130032
FNEX Capital, LLC166316
1031 Securities, Inc326590
DFPG Investments, LLC155576
McDermott Investment Services, LLC154926
Wealthforge Securities, LLC152550
Realta Equities, Inc.23769
WestPark Capital, Inc.39914
Calton & Associates, Inc.70036
Realized Financial, Inc.22333
Capulent LLC155155
Quincy Wells Capital, LLC334163

Source: Form D, filed Oct 6, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Matt Mc Graner Executive
N/A Nex Point Real Estate Advisors Iv, L.P. Executive
N/A Nrea Sb Iii Investment Co, Llc Executive
N/A Nrea Small Bay Iii, Llc Executive
Paul Richards Executive

Issuer details

Industry: Other Real Estate (See others in industry)

Address:
300 Crescent Court Suite 700
Dallas, TX, 75201