NexPoint Residential Trust, Inc. Announces Appointment of Catherine Wood as Independent Director
July 28, 2020 at 05:11 pm EDT
Share
NexPoint Residential Trust, Inc. announced the appointment of Catherine Wood as an independent director to the Company's board of directors effective July 27, 2020. Ms. Wood is Chief Executive Officer and Chief Investment Officer of ARK Investment Management LLC, which she founded in January 2014.
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT). The Company is 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. The Companyâs investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P.
NEXPOINT RESIDENTIAL TRUST, INC. 
