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Stock impact report

NexPoint Residential Trust, Inc. Provides Update on Recent Dispositions

NexPoint Residential Trust, Inc. (NXRT) 
Last nexpoint residential trust, inc. earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: nexpointliving.com
Company Research Source: PR Newswire
DALLAS, March 26, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of two properties in Nashville, TN, Willow Grove, a 244- unit property built in 1973, and Woodbridge, a 220-unit property built in 1980.  The properties are situated on approximately 18.12 and 18.601 acres of land, respectively.  As of March 25, 2020, the properties were 95.04% occupied with a weighted average effective monthly rent of approximately $1,037.  Net proceeds from the sale were approximately $33.1M, based on a blended nominal cap rate of 5.0%.  Management anticipates using the net proceeds from the sales for liquidity, general corporate purposes and share repurchases as part of NXRT's updated stock repurchase program that was announced on March 13, 2020.About NXRTNexPoint 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, Show less Read more
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