NexPoint-advised real estate vehicle acquires portfolio of 951 single-family rental homes
NexPoint, a multibillion-dollar alternative investment platform, has acquired a single-family rental home portfolio by a NexPoint-advised private placement REIT. The trust is managed by VineBrook Homes a real estate company that specializes in acquiring, renovating, and leasing single-family homes.
The acquisition, which included 951 homes across nine states, expands VineBrook’s geographical footprint, marking its entry into a number of new markets, while further establishing its presence in key existing markets. With the acquisition, VineBrook’s portfolio now totals approximately 6,500 single-family rental homes.
Initially focused on multifamily assets, NexPoint has expanded its real estate capabilities in recent years, moving into the single-family rental market through its partnership with VineBrook, which began in 2018. Single-family rental assets across the NexPoint platform now total $1.7 billion.
In addition to single-family rentals, NexPoint’s real