NexPoint Closes $137 Million Offering Backed by Skorpios Technologies’ Semiconductor Manufacturing Facility

NexPoint, a multibillion-dollar alternative investment firm, today announced that it has fully subscribed its NexPoint Semiconductor Manufacturing DST (the "Trust"), a Delaware Statutory Trust ("DST") offering. The offering has reached its total goal of $137 million in equity raised since its launch.

The Property is located in Temecula, California, a city within the Riverside metropolitan statistical area ("MSA"). The city of Temecula is favorably situated, and it boasts a diverse and rich manufacturing ecosystem with a growing number of companies moving to the area.

The current tenant of the Property, Skorpios Technologies Inc. (the "Tenant"), is engaged in both the contract fabrication and next-generation fabrication of semiconductors. The company designs, develops, and manufactures semiconductors in support of the entire silicon manufacturing ecosystem. Skorpios' unique platform can be used to address a wide range of applications: high speed video, data and voice communications for networking, cloud computing, consumer, medical, and more.

The Tenant's 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.  NexPoint believes that these factors, along with strong industry tailwinds, high quality construction, and strategic location, make the Property an attractive long-term investment.

"We continue to see positive growth and opportunity in the industry," said Matt McGraner, NexPoint Chief Investment Officer and Executive Vice President of the DST Sponsor.