NEXPOINT RESIDENTIAL TRUST, INC. (NYSE:NXRT) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On March 13, 2017, the board of directors, including all of the
disinterested directors, of NexPoint Residential Trust, Inc. (the
Company) unanimously approved an extension of the Companys
Advisory Agreement (the Advisory Agreement) dated March 16, 2015,
by and among the Company, NexPoint Residential Trust Operating
Partnership, L.P. and NexPoint Real Estate Advisors, L.P., as
amended on June 15, 2016, for an additional one-year term to the
terms of the Advisory Agreement. NexPoint Real Estate Advisors,
L.P., our advisor, is an affiliate of Highland Capital
Management, L.P. (Highland). As of March 13, 2017, Highland and
its affiliates owned approximately 19% of our common stock.
Item2.02. Results of Operations and Financial
Condition.
The following information is intended to be furnished under Item
2.02 of Form 8-K, Results of Operations and Financial Condition.
This information shall not be deemed filed for purposes of
Section18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act,
whether made before or after the date of this report, regardless
of any general incorporation language in the filing. In a press
release dated March14, 2017, the Company announced financial
results for the Companys fourth quarter ended December31, 2016.
The full text of the press release is furnished herewith as
Exhibit 99.1 to this report.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
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ExhibitNumber |
Exhibit Description |
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| 99.1 | Press release dated March14, 2017 |
About NEXPOINT RESIDENTIAL TRUST, INC. (NYSE:NXRT)
NexPoint Residential Trust, Inc. is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a capex value-add program. It focuses on multifamily investments primarily located in the Southeastern and Southwestern United States. All of its business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P. Its properties include The Miramar Apartments, Arbors on Forest Ridge, Cutter’s Point, Eagle Crest, Meridian, Toscana, The Grove at Alban, McMillan Place Old Farm Apartment Homes, Stone Creek at Old Farm Apartments and Dana Point. It owns approximately 40 properties consisting of over 12,960 units in approximately 10 markets. Its advisor is NexPoint Real Estate Advisors, L.P. NEXPOINT RESIDENTIAL TRUST, INC. (NYSE:NXRT) Recent Trading Information
NEXPOINT RESIDENTIAL TRUST, INC. (NYSE:NXRT) closed its last trading session down -0.05 at 23.18 with 56,335 shares trading hands.