NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes [Yahoo! Finance]
NexPoint Residential Trust, Inc. (NXRT)
Last nexpoint residential trust, inc. earnings: 2/18 07:00 am
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Source: Yahoo! Finance
of Radbourne Lake Apartment Homes in Charlotte, NC , a 225-unit property built in 1991. The property was acquired for $24.3 million on September 30, 2014 , and has provided consistent operational and cash flow performance for the portfolio for the last 9+ years. As of April 30, 2024 , the property was 92.4% leased with a weighted average effective monthly rent of approximately , which is 58.5%, or , higher than it was upon takeover. Net proceeds from the sale were approximately $18.6M , delivering a trailing nominal tax and insurance adjusted cap rate of 5.18%, a 19.24% levered internal rate of return and a 3.64x multiple on invested capital, each of which well exceeded expectations. "NXRT is pleased to announce another successful 2024 disposition, as highlighted during the first quarter 2024 earnings call. Moving forward, NXRT will continue to diligently monitor the transaction and capital markets, seeking opportunities to unlock liquidity that the Company can utilize to enhance th
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NXRT
News
- NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment HomesPR Newswire
- NexPoint Residential Trust: Attractive Valuation Despite The Risks [Seeking Alpha]Seeking Alpha
- NexPoint Residential Trust, Inc. (NYSE:NXRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2024 RESULTSPR Newswire
- NexPoint Residential Trust, Inc. Announces Quarterly DividendPR Newswire
NXRT
Earnings
- 4/30/24 - Beat
NXRT
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- NXRT's page on the SEC website