Advanced 1031 Exchange Strategies

The Property is a multifamily residential community for seniors, commonly known as "Chestnut Oaks" that was built in 2007. The Property is located on approximately 11.027 acres comprising one four-story building with a basement (69.5 feet in height) with 150 residential rental units. There is a total of 165 parking spaces, including 18 ADA spaces. Previous ownership reportedly invested approximately $1.51 million in capital improvements to the Property. Property amenities include a leasing office, a clubhouse with kitchen, lounge, community room, fitness center, game room, theater room, hair salon, library and BBQ area. The Sponsor, Livingston Street Capital, is a boutique commercial real estate private equity firm headquartered in Radnor, Pennsylvania. The Sponsor is active in the residential sector, including in active adult communities, which are multifamily residential properties that are restricted in age to tenants usually 55 or older, and independent living properties. The Sponsor has acquired a total of 25 properties in DST programs, 19 of which are multifamily, active adult, or independent living and total over 3,000 units spanning 12 states. The Sponsor's senior leadership team has collectively more than 75 years of experience in multiple aspects of real estate and capital markets.

NexPoint Lodging II DST presents an attractive long-term investment opportunity anchored by two complementary, nationally branded assets in two distinct, high-barrier coastal markets. The portfolio consists of a Courtyard by Marriott in Bradenton, Florida and a Homewood Suites by Hilton in Glastonbury, Connecticut (together, "the Properties"). This diversification across the Gulf Coast of Florida and the Hartford, CT metropolitan statistical area ("MSA") reduces single-market concentration risk while pairing two strong brands with premier infill locations.

Constructed in 2023, the Holiday Inn Express Cape Canaveral is a 150-key select-service, institutional-quality property that sits directly across from Port Canaveral. Its rare geographic position places it at the intersection of cruise, beach, aerospace, and government travel, supporting durable year-round demand. These multiple long-term demand channels coupled with its strategic location make it a compelling opportunity for attractive cash flow and potential future value appreciation.

The Trust will acquire and own the Shaw’s Supermarket located in the north central region of Vermont at 160 Paine Turnpike North, Berlin, Vermont 05602. The Property consists of an approximately 35.75-acre parcel of land, upon which is situated a single building comprised of two (2) retail units with a total of approximately 89,702 square feet of net rentable retail space. The Property was built for Shaw’s Supermarkets in 1996 and has been continuously occupied by Shaw’s Supermarkets since its opening in March of 1997 (29 years). The Shaw’s Supermarkets Lease has a current lease term expiration of December 31, 2039, and six (6) successive options to extend the term of the lease for five (5) year periods. The Shaw’s Supermarkets Lease is an absolute net lease structure that relieves the Trust and Master Tenant of all operating obligations and capital expenditures including capital repairs, environmental and fire/casualty insurance. The Property includes approximately 406 surface parking spaces, including 11 ADA-designated accessible spaces. The Trust completed its purchase of the Property on March 18, 2026. The net-lease grocery sector continues to distinguish itself as one of the most defensive retail subsectors entering 2026, supported by non-discretionary consumer demand, measurable foot traffic growth, and historically constrained new supply. National grocery visitation is currently increasing approximately 4.9% year-over-year, with Vermont reporting approximately 4.1% growth, reinforcing sustained consumer engagement at both macro and local levels. At the property level, grocery-anchored retail continues to outperform broader retail in occupancy, operating in the 96–97% leased range versus roughly 95% for overall U.S. retail—an observable differential that reflects structurally stronger tenant retention and lower leasing volatility. Within this context, the Shaw’s Supermarkets Property represents a compelling expression of the defensive grocery thesis. The asset benefits from long-duration contractual income secured through December 31, 2039, mitigating near-term rollover exposure. Constructed in 1996 and operating for nearly three decades at its current location, the store reflects established trade-area integration and sustained operating viability. At approximately 65,223 square feet – larger than the national average supermarket – the Property supports full-basket shopping missions and broad merchandising depth consistent with primary trade-area anchoring. Collectively, the alignment of sector stability, tight occupancy, long-term lease control, physical scale, and supportive demographics positions the Property as a high-quality, income-oriented investment within the net lease grocery universe. Entering 2026, the Property reflects the defining attributes of defensive retail real estate: predictable traffic, contractual durability, and structurally supported occupancy within a supply-constrained environment.