NexPoint Residential Trust Inc

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

NXRT$15.75-3.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

As of December 31, 2023, our portfolio consisted of 38 properties representing 14,133 units in seven states. The following table provides a summary of the properties in our portfolio as of December 31, 2023:

2022-2023 Same Store Properties
			(44)					As of December 31, 2023
Properties by State	Location	Numberof Units		DateAcquired		PurchasePrice(in thousands)		Average EffectiveMonthly RentPer Unit (1)	% Occupied(2)	Number ofUnitsRehabbed (3)		RehabExpendituresper Unit (4)
Texas
Arbors on Forest Ridge	Bedford, Texas		210		1/31/2014		$12,805		$1,187		94.3%		155	$4,388
Cutter's Point	Richardson, Texas		196		1/31/2014		15,845		1,442		93.9%		269	3,059
Versailles	Dallas, Texas		388		2/26/2015		26,165		1,262		92.3%		296	6,164
Venue at 8651	Fort Worth, Texas		333		10/30/2015		19,250		1,175		91.0%		284	6,982
Atera Apartments	Dallas, Texas		380		10/25/2017		59,200		1,476		96.3%		214	3,420
Versailles II	Dallas, Texas		242		9/26/2018		24,680		1,181		90.6%		56	5,632
Summers Landing	Fort Worth, Texas		196		6/7/2019		19,396		1,223		93.4%		53	11,075
Florida
The Summit at Sabal Park	Tampa, Florida		252		8/20/2014		19,050		1,460		95.2%		207	5,854
Courtney Cove	Tampa, Florida		324		8/20/2014		18,950		1,327		95.4%		249	4,974
Sabal Palm at Lake Buena Vista	Orlando, Florida		400		11/5/2014		49,500		1,753		94.5%		69	12,984
Cornerstone	Orlando, Florida		430		1/15/2015		31,550		1,445		96.0%		448	4,905
Seasons 704 Apartments	West Palm Beach, Florida		222		4/15/2015		21,000		1,828		96.4%		188	7,836
Parc500	West Palm Beach, Florida		217		7/27/2016		22,421		1,914		93.1%		209	14,668
Avant at Pembroke Pines	Pembroke Pines, Florida		1,520		8/30/2019		322,000		2,150		95.6%		539	17,453
Residences at West Place	Orlando, Florida		342		7/17/2019		55,000		1,559		92.1%		117	11,892
Nevada
Bella Solara	Las Vegas, Nevada		320		11/22/2019		66,500		1,337		92.6%		113	11,232
Bloom	Las Vegas, Nevada		528		11/22/2019		106,500		1,298		94.9%		141	14,199
Torreyana Apartments	Las Vegas, Nevada		316		11/22/2019		68,000		1,461		95.9%		52	13,435
Georgia
The Preserve at Terrell Mill	Marietta, Georgia		752		2/6/2015		58,000		1,271		96.7%		717	11,376
Rockledge Apartments	Marietta, Georgia		708		6/30/2017		113,500		1,557		95.5%		440	11,091
Tennessee
Brandywine I & II	Nashville, Tennessee		632		9/26/2018		79,800		1,222		93.7%		515	10,755
Arbors of Brentwood	Nashville, Tennessee		346		9/10/2019		62,250		1,494		92.2%		135	10,346
Residences at Glenview Reserve	Nashville, Tennessee		360		7/17/2019		45,000		1,307		95.3%		233	13,431
Arizona
Madera Point	Mesa, Arizona		256		8/5/2015		22,525		1,312		94.9%		255	4,535
The Venue on Camelback	Phoenix, Arizona		415		10/11/2016		44,600		1,065		95.2%		264	10,269
Bella Vista	Phoenix, Arizona		248		1/28/2019		48,400		1,774		96.4%		197	10,516
The Enclave	Tempe, Arizona		204		1/28/2019		41,800		1,820		94.6%		162	10,392
The Heritage	Phoenix, Arizona		204		1/28/2019		41,900		1,698		96.6%		173	9,609
Fairways at San Marcos	Chandler, Arizona		352		11/2/2020		84,480		1,580		94.9%		135	13,665
North Carolina
The Verandas at Lake Norman	Charlotte, North Carolina		264		6/30/2021		63,500		1,354		95.8%		30	1,408
Creekside at Matthews	Charlotte, North Carolina		240		6/30/2021		58,000		1,431		95.8%		15	4,083
Six Forks Station	Raleigh, North Carolina		323		9/10/2021		74,760		1,409		92.4%		83	1,281
High House at Cary	Cary, North Carolina		302		12/7/2021		93,250		1,464		95.0%		—	—
Total 2022-2023 Same Store Properties (5)			12,422				$1,889,577		$1,509		94.7%		7,013	$46,581
Non-Same Store Properties
Texas
Old Farm	Houston, Texas		734		12/29/2016		$84,721		$1,322		93.9%		—	$—
Stone Creek at Old Farm	Houston, Texas		190		12/29/2016		23,332		1,299		94.7%		—	—
Arizona
Estates on Maryland	Phoenix, Arizona		330		4/1/2022		77,900		1,435		95.2%		—	—
North Carolina
Radbourne Lake	Charlotte, North Carolina		225		9/30/2014		24,250		1,450		95.6%		329	2,841
Georgia
The Adair	Sandy Springs, Georgia		232		4/1/2022		65,500		1,968		96.6%		—	—
Total Non-Same Store Properties			1,711				$275,703		$7,474		94.8%		329	$21,244
Total			14,133				$2,165,280		$1,502		95.3%		7,342	$45,820

(1)

Average effective monthly rent per unit is equal to the average of the contractual rent for commenced leases as of December 31, 2023 minus any tenant concessions over the term of the lease, divided by the number of units under commenced leases as of December 31, 2023.

(2)

Percent occupied is calculated as the number of units occupied as of December 31, 2023, divided by the total number of units, expressed as a percentage.

(3)

Inclusive of all full and partial interior upgrades completed.

(4)

Inclusive of all full and partial interior upgrades completed and leased as of December 31, 2023.

(5)

Includes the 45 downed units excluded from our 2022-2023 Same Store pool (see Note 4 to our consolidated financial statements).

For additional information regarding our portfolio, see Notes 3 and 4 to our consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.