Home Alts News NexPoint Launches New Single-Family Rental REIT

NexPoint Launches New Single-Family Rental REIT

NexPoint Advisors L.P., a multibillion-dollar alternative investment platform, has formed a new real estate investment trust focused on single-family rental homes.

NexPoint Advisors L.P., a multibillion-dollar alternative investment platform, has formed a new real estate investment trust focused on single-family rental homes.

NexPoint, which is partnering with HomeSource Operations LLC, will invest in existing homes built no earlier than 2000, as well as newly constructed build-to-rent homes, located in “high-growth” secondary and tertiary markets throughout the Sunbelt and southeastern United States.

Currently, the new REIT has an existing portfolio of more than 1,000 homes, which NexPoint expects to grow to several thousand homes by year end.

NexPoint expanded into the single-family rental market in 2018 and is the adviser of Vinebrook Homes, which owns a portfolio of more than 22,000 homes and raised roughly $1 billion since inception.

“NexPoint views the [single-family rental] sector as a core part of our platform and we are pleased to announce a partnership with a quality operator like HomeSource that will allow us to broaden our exposure to this critical sector and expand our [single-family rental] platform into new segments,” said Matthew McGraner, chief investment officer for NexPoint.

NexPoint is an alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and related investment vehicles.  The firm provides access to real estate and other alternatives through public and private REITs, 1031 exchanges and other tax-advantaged real estate vehicles, closed-end funds, interval funds, and a business development company.

Within real estate, NexPoint has experience across multiple property types, including multifamily, single-family rental, self-storage, hospitality, industrial, office/retail, timber, and life sciences.

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