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Dallas-Based NexPoint Converts $944M Fund To Diversified REIT

“Dallas-based alternative investment platform NexPoint, which is heavily invested in single-family rentals, has launched its third publicly traded real estate investment trust. The Securities and Exchange Commission
(https://www.bisnow.com/tags/securities-and-exchange-commission) approved the transition of NexPoint Diversified Real Estate Trust from a closed-end fund to a diversified REIT on July 1, according to a company release. The company’s common and preferred shares will trade under the ticker symbols NXDT and NXDT-PA, respectively.
“We are grateful for shareholders’ support and recognition of the benefits of the REIT structure,” NexPoint Real Estate Advisors Chief Investment Officer Matthew McGraner said in a statement. “We are excited to finalize the transition and continue to grow NXDT alongside NexPoint’s real estate platform.”

 

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Source: BISNOW