Cases & Deals

NexPoint makes $125 million Preferred Equity Commitment

Clients NexPoint Residential Trust, Inc.

Jones Day represented NexPoint Advisors, L.P. ("NexPoint"), an affiliate of Highland Capital Management, L.P., in connection with an investment by funds affiliated with NexPoint in a $125 million Preferred Stock Equity Commitment with Jernigan Capital, Inc. ("JCAP"), a NYSE-listed real estate investment trust that invests in and provides loans to developers and operators of self-storage facilities. The commitment by NexPoint provides for the purchase and sale over a two-year period of up to $125 million of newly designated Series A Preferred Stock of JCAP.