Tranche Update on NexPoint Residential Trust, Inc.'s Equity Buyback Plan announced on June 15, 2016.
October 27, 2020 at 11:38 am EDT
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From July 1, 2020 to September 30, 2020, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,382,155 shares, representing 10.05% for $61.17 million under the buyback announced on June 15, 2016.
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT). The Company is primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-add potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. The Companyâs investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P.
NEXPOINT RESIDENTIAL TRUST, INC. 
