NexPoint Residential Trust, headquartered in Dallas, Texas, focuses on acquiring and managing middle-income multifamily properties in large cities, aiming for cash flow growth and long-term capital appreciation. Established in 2015, it employs three people and may invest up to 30% of its portfolio in real estate-related debt.
Paul Richards bought 5,000 shares of NXRT on 25 June at $32.92 per share, worth a total of $165K. They now own 24,689 NXRT shares, or a 25% holding increase.
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