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Harvey Could Be A Catalyst For NexPoint

On March 31, 2015, NexPoint Credit Strategies Fund (NYSE:NHF) spun off NXRT to create a pure-play multi-family REIT. In Q3-15, NHF acquired its first apartment community (in Dallas), and NXRT has since grown to 36 multi-family properties encompassing 12,027 units of apartment space.

Summary

  • Last week, we saw devastating news in Houston as Hurricane Harvey reaped havoc on America’s fourth-largest city.
  • "The catastrophe from Harvey will produce a ripple throughout the Houston economy" - Matt Warner.
  • "I would expect occupancy to rise among self-storage, apartment, and hotel properties" - Matt Werner.
  • It’s likely that this small-cap REIT will generate favorable growth in 2018 and 2019.

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