NexPoint Residential Trust, Inc. Provides Update on Hurricane Laura

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.

News Market Reaction – NXRT

+0.36%

+0.36% Session move

In the trading session that priced this news, NXRT gained 0.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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.

FAQ

What did NexPoint Residential Trust announce regarding Hurricane Laura?

NexPoint Residential Trust announced that its apartment communities in Houston, TX, did not sustain any material damage from Hurricane Laura.

What is the stock symbol for NexPoint Residential Trust?

The stock symbol for NexPoint Residential Trust is NXRT.

Where is NexPoint Residential Trust primarily focused on acquiring properties?

NexPoint Residential Trust is primarily focused on acquiring properties in large cities and suburban submarkets in the Southeastern and Southwestern United States.