Initiative Will Focus on Acquisitions of Existing Single-Family Rental Homes and Opportunities with Build-to-Rent Communities
DALLAS, May 19, 2022 /PRNewswire/ — NexPoint Advisors, L.P. (“NexPoint”), a multibillion-dollar alternative investment platform, today announced the formation of a new NexPoint advised real estate investment trust (“REIT”). NexPoint is partnering with HomeSource Operations, LLC to acquire, build, and operate single-family rental (“SFR”) homes in the REIT. The new NexPoint advised REIT will target both existing SFR homes and new construction build-to-rent (“BTR”) homes in high-growth markets.
In acquiring existing SFR homes, the new NexPoint advised REIT will focus on homes built no earlier than 2000. Through strategic developer and builder relationships, the REIT will also target new construction BTR homes. The REIT will focus primarily on high-growth secondary and tertiary markets throughout the Sunbelt and Southeastern portions of the United States.