NexPoint Residential Trust, Inc. Provides Update on Hurricane Laura
NexPoint Residential Trust (NYSE:NXRT) reported that its apartment communities in Houston, TX, remain unharmed following Hurricane Laura.
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Rhea-AI Summary
NexPoint Residential Trust (NYSE:NXRT) reported that its apartment communities in Houston, TX, remain unharmed following Hurricane Laura. The company stated there is no material damage to its properties and plans to offer more updates if any significant changes occur. NXRT focuses on acquiring and managing multifamily properties with potential for value addition, particularly in large cities across the Southeastern and Southwestern regions of the United States.
Positive
- No material damage reported to properties in Houston due to Hurricane Laura.
Negative
- None.
Details
News Market Reaction – NXRT
The recorded move for NXRT in the trading session of this news was +0.36%.
Data tracked by StockTitan Argus. Session date unavailable.
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DALLAS, Aug. 27, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) announced today that the Company's apartment communities located in the Houston, TX area, did not sustain any material damage as a result of Hurricane Laura. The Company plans to provide additional updates in the event of a material change.
About NXRT
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.
Contact:
Jackie Graham
Investor Relations
972-628-4024
JGraham@nexpointadvisors.com
Media Inquiries
MediaRelations@nexpointadvisors.com
View original content:http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-provides-update-on-hurricane-laura-301120051.html
SOURCE NexPoint Residential Trust, Inc.
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