DALLAS, Oct. 16, 2019 /PRNewswire/ -- NexPoint Real
Estate Advisors, L.P. ("NREA") released information today on the
voluntary Chapter 11 bankruptcy filing from Highland Capital
Management, L.P. ("HCMLP"), an investment adviser on the Highland
Capital Management platform affiliated with NREA through common
ownership. HCMLP is seeking voluntary Chapter 11 protection, and
filed a petition today in the United
States Bankruptcy Court for the District of Delaware. The filing stems from a pending
judgment that, if confirmed against HCMLP, could exceed HCMLP's
liquid assets.
NREA is not involved in the HCMLP Chapter 11 petition. Further,
NREA's network of affiliates, including NexPoint Advisors, L.P.
("NexPoint"), an SEC-registered investment for which NREA manages
real estate investments, and the NREA subsidiaries that manage
various real estate vehicles, are not filing any bankruptcy
petitions.
NexPoint, NREA, and its subsidiaries, which manage NexPoint
Residential Trust, Inc. (NYSE: NXRT), VineBrook Homes Trust, Inc.,
NexPoint Hospitality Trust, (TSXV: NHT), NexPoint Real Estate
Strategies Fund, and various private real estate vehicles, will all
continue to operate in the ordinary course of business.
"Today's filing does not encumber any of the NexPoint real
estate network operations," said Matt
McGraner, NREA's chief investment officer. "We continue to
focus on building value through our investment and business
activities, which are driven by the strong relationships we have
across management teams, capital markets partners, lenders, and
vendors."
About NexPoint Real Estate Advisors
NexPoint Real Estate Advisors is a multibillion-dollar real
estate investment manager that operates across the real estate
sector, with investments in multifamily, single family rental,
hospitality, storage, and office, as well as credit investments
backed by real estate.
Cautionary Statement Regarding Forward-Looking
Statements
These materials may contain forward-looking statements. All
statements contained herein that are not clearly historical in
nature or that necessarily depend on future events are
forward-looking, and the words "anticipate," "believe," "expect,"
"potential," "opportunity," "estimate," "plan" and similar
expressions are generally intended to identify forward-looking
statements. The projected results and statements contained in these
materials that are not historical facts are based on current
expectations and speak only as of the date of such materials, and
involve risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such projected results and statements.
Assumptions relating to the foregoing involve judgments with
respect to, among other things, future economic, competitive and
market conditions and future business decisions, all of which are
difficult or impossible to predict accurately and many of which are
beyond the control of NexPoint. Although NexPoint believes that the
assumptions underlying the projected results or forward-looking
statements included in these materials are reasonable as of the
date of such materials, any of the assumptions could be inaccurate
and therefore, there can be no assurance that the projected results
or forward-looking statements included herein will prove to be
accurate. In light of the significant uncertainties inherent in the
projected results and forward-looking statements included herein,
the inclusion of such information should not be regarded as a
representation as to future results or that the objectives and
strategic initiatives expressed or implied by such projected
results and forward-looking statements will be achieved. NexPoint
will not undertake and specifically declines any obligation to
disclose the results of any revisions that may be made to any
projected results or forward-looking statements herein to reflect
events or circumstances after the date of such projected results or
statements or to reflect the occurrence of anticipated or
unanticipated events.
NexPoint reserves the right to change any of its opinions
expressed herein at any time as it deems appropriate and disclaims
any obligation to notify the market or any other party of any such
changes. NexPoint disclaims any obligation to update the
information or opinions contained herein except as required by
law.
These materials are provided for information purposes only, and
are not intended to be, nor should they be construed as, an offer
to sell or the solicitation of an offer to buy any security. These
materials do not recommend the purchase or sale of any
security.
Past performance does not guarantee future results. Performance
during the time period shown is limited and may not reflect the
performance in different economic and market cycles. There can be
no assurance that similar performance will be experienced.
INVESTOR RELATIONS
Jackie Graham (972)
628-4024
jgraham@nexpointadvisors.com
MEDIA CONTACT
Lucy Bannon (972)
419-6272
lbannon@highlandcapital.com|
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SOURCE NexPoint Real Estate Advisors, L.P.