NexPoint, an alternative investment platform, has hired two sales and distribution executives, including Angela Barbera, managing director and head of national accounts, and Kirby Noel, managing director and national sales manager. The two positions are newly created roles at the firm.
Barbera joins NexPoint from Steadfast Capital Markets Group where she was responsible for all broker-dealer and registered investment adviser relationships. In her previous role, she established distribution strategies for Steadfast Companies, Alcentra, and Voya annuity and asset sales.
Barbera holds a Bachelor of Science degree from Cornell University and FINRA Series 6, 7, 63, and 79 licenses, as well as a California Life & Health insurance license. She serves on the advisory board at the Center for Investment and Wealth Management at the University of California, Irvine.
Noel will oversee the team of NexPoint sales directors around the country and will work closely with Barbera and the national accounts team. He has more than two decades of experience in the investment industry and has held senior sales positions at Cantor Fitzgerald, Realty Capital Securities, and AXA Distributors. Noel received a Bachelor of Arts degree from Tufts University and holds FINRA Series 7, 24, and 63 licenses.
“Angela and Kirby’s backgrounds and experience are well aligned with NexPoint’s strategic priorities,” said Dustin Norris, NexPoint’s head of distribution and chief product strategist. “Driven by strong demand for DSTs and 1031 exchanges, Regulation D offerings, and other areas of real estate and alternatives, NexPoint’s recent expansion has put us at an inflection point. With Angela and Kirby’s relevant expertise, we are in a strong position for our next phase of growth.”
NexPoint said that in the last year it has completed more than $3.7 billion in real estate transactions. The firm’s multifamily portfolio, the initial focus area within real estate, now includes approximately 28,000 units across 80 complexes. Its publicly-traded real estate investment trust, NexPoint Residential Trust, Inc. (NYSE: NXRT), holds more than $1.2 billion in real estate assets, largely in value-add multifamily properties.
NexPoint’s real estate assets also include single-family rentals, office and retail, self-storage, and hospitality. The firm added a second publicly traded REIT to its platform this year with the listing of a hospitality REIT, NexPoint Hospitality Trust (TSXV: NHT).
NexPoint’s alternative investment platform is comprised of investment advisers NexPoint Advisors L.P. and NexPoint Real Estate Advisors L.P., broker-dealer NexPoint Securities Inc., and a suite of related investment vehicles that include publicly traded REITs, real estate private placements, 1031 exchanges, closed-end funds, interval funds, and a business development company. NexPoint is based in Dallas and affiliated with Highland Capital Management, L.P., a multi-billion-dollar asset manager.