NexPoint announces new single-family rental initiative

NexPoint Advisors has formed a new NexPoint advised REIT.

NexPoint is partnering with HomeSource Operations 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 also will 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.

NexPoint expanded into the SFR market in 2018 and, through an affiliate, is the adviser of a REIT that now owns and operates more than 22,000 homes. This new initiative also presents NexPoint with unique opportunities to leverage its broad range of capital-markets capabilities to help b