NexPoint Residential (NYSE:NXRT)
Historical Stock Chart
1 Month : From Oct 2019 to Nov 2019
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.
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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.
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SOURCE NexPoint Real Estate Advisors, L.P.