Cases & Deals

NexPoint Residential Trust completes spin-off from NexPoint Credit Strategies Fund

Clients NexPoint Residential Trust, Inc.

Jones Day represented NexPoint Residential Trust, Inc., a REIT focused on multifamily properties in the Southeastern United States, in connection with its spin-off from NexPoint Credit Strategies Fund, a non-diversified, closed-end investment company. NexPoint Residential Trust is externally managed by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P.

Prior to spin-off, NexPoint Credit Strategies Fund received shareholder approval of the advisory agreement between NexPoint Residential Trust and NexPoint Real Estate Advisors. In addition, the participants in the spin-off received an exemptive order from the Securities and Exchange Commission under the Investment Company Act of 1940 permitting the spin-off and related transactions. Following the spin-off, NexPoint Residential Trust and NexPoint Credit Strategies Fund are each independent public companies listed on the New York Stock Exchange.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.