Interval Funds

Overview

NexPoint manages a real estate focused interval fund, the NexPoint Real Estate Strategies Fund, which seeks long-term total return with an emphasis on current income. The fund pursues opportunities across real estate asset classes that are best suited for the interval fund structure.

NexPoint Real Estate Strategies Fund

The NexPoint Real Estate Strategies Fund is a continuously offered, non-diversified, closed-end investment company that operates as an interval fund.

An interval fund is a type of closed-end fund; however, unlike traditional closed-end funds, shares of an interval fund do not typically trade on the secondary market. Interval funds can also continuously offer shares at a price based on the fund’s net asset value.

The fund is managed by NexPoint Advisors, L.P., a registered investment adviser on the NexPoint platform.

The fund seeks long-term total return with an emphasis on income. It primarily invests in a broad range of real estate-related debt, equity, and preferred equity investments across multiple real estate sectors.

Investments include:

• commercial mortgage backed securities (CMBS) and residential mortgage backed securities (RMBS);
• direct preferred equity and mezzanine investments in real properties;
• equity securities of public REITs (both traded and non-traded);
• debt and equity of private REITs and real estate operating companies (REOCs); and
• opportunistic and value added direct real estate strategies (through a wholly-owned REIT).