The board of directors of VineBrook Homes Trust Inc., a private real estate investment trust managed by an affiliate of NexPoint Real Estate Advisors, announced the appointment of Brian Mitts as the company’s president.
Mitts previously served as interim president and the company says Mitts will continue to serve as the company’s chief financial officer, treasurer and assistant secretary. Currently, VineBrook says Mitts leads the financial reporting and accounting teams and is “integral” in financing and capital allocation decisions.
Mitts has served as a member of the company’s board since July 2018, and as chief financial officer, treasurer and assistant secretary since November 2018.
As The DI Wire previously reported, the board previously selected Mitts to serve as the company’s interim president until the position was filled “on an other-than-interim basis.” Mitts has served in that capacity since September 2021. Mitts was elected after co-founder James Dondero resigned from his positions as chief executive officer, president and a director of the company and its subsidiaries.
VineBrook says Mitts also served as their president and treasurer from July 2018 until October 2018. Mitts co-founded NexPoint Real Estate Advisors L.P. as well as NexPoint Residential Trust Inc., NexPoint Real Estate Finance Inc. and other real estate businesses.
Mitts was previously chief operations officer of Highland Funds Asset Manager L.P., the external advisor of open-end and closed-end funds, where he managed the operations of these funds and helped develop new products.
Mitts was also a co-founder of NexPoint, the parent of NexPoint Real Estate Advisors. He has worked for NREA or its affiliates since 2007. He earned bachelor’s and master’s degrees in accounting from the University of Texas at Austin.
Vinebrook Homes Trust is primarily focused on acquiring, renovating, leasing, and managing single-family rental homes located in large- to medium-sized cities and suburbs in the Midwest, Heartland, and Southeast.
The REIT launched its Regulation D private placement offering in November 2018 and oversees an approximately $3.5 billion portfolio of 26,697 single-family rental properties, as of Sept. 30, 2022.
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