Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* DONDERO JAMES D	2. Issuer Name and Ticker or Trading Symbol NexPoint Residential Trust, Inc. [ NXRT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President
(Last) (First) (Middle) 300 CRESCENT COURT, SUITE 700	3. Date of Earliest Transaction (MM/DD/YYYY) 3/13/2020
(Street) DALLAS, TX 75201 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	3/13/2020		S⁽¹⁾		53500	D	$36.96	2240990.46 ⁽²⁾⁽³⁾	I	By Highland Capital Management, L.P.
Common Stock	3/16/2020		S⁽¹⁾		145000	D	$33.13	2095990.46 ⁽²⁾	I	By Highland Capital Management, L.P
Common Stock	3/16/2020		S⁽¹⁾		10500	D	$33.85	2085490.46 ⁽²⁾	I	By Highland Capital Management, L.P
Common Stock	3/16/2020		M		17821	A	⁽⁴⁾	149452.98	D
Common Stock	3/16/2020		P⁽⁵⁾		73100	A	$34.67	194671 ⁽⁶⁾	I	By Highland Capital Management Fund Advisors, L.P.
Common Stock								143957 ⁽⁷⁾	I	By NexPoint Advisors, L.P.
Common Stock								26479.63 ⁽²⁾	I	By employee benefit plan
Common Stock								16986 ⁽⁸⁾	I	By limited liability company
Common Stock								2181425 ⁽²⁾⁽⁹⁾	I	By trust

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	3/16/2020		M			17821	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	17821	$0.00	0	D

Explanation of Responses:
(1)	The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.
(2)	These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(3)	Includes shares acquired under the issuer's dividend reinvestment plan.
(4)	Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
(5)	The Reporting Person's purchase of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Exchange Act. The Reporting Person has disgorged $270.06 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction, less transaction costs.
(6)	These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(7)	These shares are held by NexPoint Advisors, L.P. ("NP") indirectly through advised accounts. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(8)	These shares are held by a limited liability company in which the trust referenced in footnote 9 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.
(9)	These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
(10)	On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201	X	X	President