Vinebrook Homes Trust Names Interim President
The board of Vinebrook Homes Trust Inc., a private real estate investment trust managed by an affiliate of NexPoint Real Estate Advisors, has appointed an interim president.
The board of Vinebrook Homes Trust Inc., a private real estate investment trust managed by an affiliate of NexPoint Real Estate Advisors, has appointed Brian Mitts as the company’s interim president until the position is filled “on an other-than-interim basis,” the company said in a filing with the Securities and Exchange Commission.
Mitts will continue to serve as chief financial officer, treasurer and assistant secretary of the company.
The DI Wire reported in late August that James Dondero resigned from his positions as chief executive officer, president and director of the company and its subsidiaries. The board designated Mitts as the principal executive officer following his resignation.
In other company news, Vinebrook recently declared its monthly net asset value per share for August 2021.
Vinebrook Homes Trust launched its Regulation D private placement offering in November 2018 and has raised more than $370 million, including proceeding from the distribution reinvestment plan. The REIT’s portfolio consists of 14,697 single-family rental properties valued at nearly $1.8 billion, as of the second quarter of 2021. Vinebrook recently became a 12(g) filer and files quarterly and annual financial reports with the SEC, along with other reports as required by federal securities laws.
