WHAT A YEAR
AUM in Publicly Traded REITs
Residential Rental Units Owned
Storage Units Owned Through NexPoint Storage
NexPoint Real Estate Finance Announces Pricing of Initial Public Offering
NexPoint Real Estate Finance, Inc. (“NREF”) announced today the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $19.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 750,000 shares of NREF’s common stock at the initial public offering price, less underwriting discounts and commissions.
NexPoint Makes Three New Sales and Marketing Appointments to Support Investment Platform Growth
Distribution Team Adds 17 New Hires in Past Year
DALLAS, May 7, 2020 — NexPoint, a multibillion-dollar alternative investment platform, today announced the addition of three new sales and marketing professionals. The new hires are part of an ongoing expansion of the firm’s distribution capabilities designed to support real estate investment offerings and reflect growth across the platform. Including the latest appointments, NexPoint added 17 members to its distribution team in the last year across a range of roles.
NexPoint Residential Trust, Inc. Collects 95% of May Rents as of May 16; Over 97% of April Rent Collected
NexPoint Residential Trust, Inc. (“NXRT” or the “Company”) (NYSE: NXRT) provided an update today on its response to the novel coronavirus (COVID-19) crisis and provided the results of May rent collections through May 16, 2020.
On May 14, 2020, the National Multifamily Housing Council (“NMHC”) released collection data for 11.5 million units across the country. According to NMHC, 87.7% of tenants paid May 2020 rent by the 13th, compared to 85.0% of the collections through the same date in April 2020.
NexPoint Strategic Opportunities Fund Announces Proposal to Convert Fund to Diversified REIT
Business Change Intended to Increase Shareholder Value, Address Trading Discount, Offer Greater Liquidity and Income Potential
Fund’s Board and Independent Trustees Unanimously Approve Proposal, Recommend Shareholders Vote “FOR” Business Change
NexPoint Strategic Opportunities Fund Shareholders Approve REIT Conversion Proposal
With Approval of Proposal, Fund to Begin Transition to Diversified REIT
DALLAS, Aug. 28, 2020 — NexPoint Strategic Opportunities Fund (NYSE:NHF) (“NHF” or the “Fund”), a closed-end fund managed by NexPoint Advisors, L.P. (the “Adviser” and together with its affiliates “NexPoint”), announced the results of the special meeting of shareholders (the “Special Meeting”), which took place earlier today.
NexPoint Completes Acquisition of Jernigan Capital, Outlines Growth Plan for NexPoint Storage Platform
DALLAS, Nov. 10, 2020 — NexPoint Advisors, L.P. (together with its affiliates “NexPoint”) announced today the completion of NexPoint’s previously announced acquisition of Jernigan Capital, Inc. (“JCAP”) in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced. JCAP will change its corporate name to NexPoint Storage Partners and will do business under that corporate name going forward.
NexPoint Merger Arbitrage Fund Named Top Merger Arbitrage Fund at HFM U.S. Performance Awards
DALLAS, Nov. 11, 2020 — The NexPoint Merger Arbitrage Fund (the “Fund”) was recognized as the top fund in the Merger Arbitrage category at the HFM U.S. Performance Awards. Winners were announced on November 5, 2020, at a virtual awards program.
NexPoint Launches NexPoint Storage Partners as a Dedicated Platform for the Self-Storage Sector
DALLAS – December 8, 2020 – NexPoint, a multibillion-dollar alternative investment firm, announced today the launch of NexPoint Storage Partners (“NexPoint Storage”), a real estate investment platform dedicated to originating, executing, financing, and managing investments in the self-storage sector. Across NexPoint, self-storage investments total approximately $1.1 billion. NexPoint Storage is the product of NexPoint’s November take-private acquisition of Jernigan Capital (“JCAP”), a NYSE-listed self-storage REIT.