NexPoint Residential Trust, Inc. (NXRT) is a publicly traded Real Estate Investment Trust (REIT) that focuses on the acquisition, asset management, and disposition of multifamily assets, primarily in the South Eastern and Southwestern United States. Specially, NXRT targets investments in class B multifamily properties that cater to middle-income consumers.
Launched in 2015 and based in Dallas, Texas, NXRT is managed by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P, and has a strategic relationship with the firm. Highland Capital is a multibillion-dollar global alternative asset manager that plays a role in providing the strategic guidance for NXRT.
NXRT aims to maximize the value of investments for its shareholders through a combination of dividends and capital appreciation. Its strategy is to invest in middle-income apartments that can be upgraded, also known as value-added properties, to eventually improve and increase the cash flow and value of these assets. The renovation generally includes interior and exterior enhancements such as kitchen remodels, hardwood flooring, resort-style swimming, and outdoor living spaces.
The company typically focuses its investment in growth markets with a healthy employment rate, favorable demographic trends, and robust economic conditions that are conducive to raising rental rates. Some of the properties that NXRT currently owns and operates can be found in thriving cities in states such as Florida, Georgia, North Carolina, Texas, and more.
NXRT is well-recognized in the real estate industry for its proven track record and proactive management approach. It diligently underwrites each transaction, manages each asset post-acquisition, and maintains extensive relationships with brokers, lenders, and property managers. Furthermore, the company is known to leverage Highland Capital’s extensive industry network and resources to source attractive investment opportunities.
Overall, NexPoint Residential Trust, Inc. (NXRT) adopts a strategic and methodical approach towards acquisition, development, and enhancement of multifamily properties, intending to deliver high-yield returns for their investors. This model has driven strong performance in creating value and delivering competitive returns in the dynamic real estate market. The company is committed to acting in the best interest of its shareholders and transforming the properties into flourishing communities where residents would be proud to live.