Vinebrook Homes Trust Inc., a private real estate investment trust focused on single-family rental properties that is managed by an affiliate of NexPoint Real Estate Advisors, reported to the Securities and Exchange Commission that James Dondero resigned from his positions as chief executive officer and president and as a director of the company and its subsidiaries.
According to the SEC filing, “Dondero’s resignation was not a result of any disagreement with the company on any matter relating to its operations, policies or practices.”
In connection with his resignation, the board designated Brian Mitts as the principal executive officer, in addition to his roles as chief financial officer, treasurer and assistant secretary.
At this time, the positions of CEO and president will remain vacant.
In other Vinebrook news, the company recently reported a net asset value per share of $43.76.
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 will file quarterly and annual financial reports with the SEC, along with other reports as required by federal securities laws.