NexPoint Residential Trust Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
NXRT$15.79+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule III—Real Estate and Accumulated Depreciation
REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2024
| Initial Cost to Company · Costs Capitalized · Gross Amount Carried at December 31, 2024 · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Property Name | Location | Encumbrances (1) | Land | Buildings and Improvements (2) | Total | Subsequent to Acquisition | Land | Buildings and Improvements | Total | Depreciation and Amortization | Date Acquired |
| Arbors on Forest Ridge | Bedford, Texas | $17,307 | $2,330 | $10,475 | $12,805 | $4,468 | $2,330 | $14,631 | $16,961 | $(7,048) | 1/31/2014 |
| Cutter's Point | Richardson, Texas | 18,994 | 3,330 | 12,515 | 15,845 | 9,568 | 3,330 | 21,731 | 25,061 | (11,364) | 1/31/2014 |
| The Summit at Sabal Park | Tampa, Florida | 26,735 | 5,770 | 13,280 | 19,050 | 5,376 | 5,770 | 18,252 | 24,022 | (7,947) | 8/20/2014 |
| Courtney Cove | Tampa, Florida | 31,596 | 5,880 | 13,070 | 18,950 | 7,142 | 5,880 | 19,781 | 25,661 | (8,785) | 8/20/2014 |
| Sabal Palm at Lake Buena Vista | Orlando, Florida | 56,220 | 7,558 | 41,920 | 49,478 | 10,351 | 7,558 | 50,884 | 58,442 | (19,602) | 11/5/2014 |
| Cornerstone | Orlando, Florida | 45,815 | 1,500 | 30,050 | 31,550 | 7,910 | 1,500 | 37,066 | 38,566 | (15,746) | 1/15/2015 |
| The Preserve at Terrell Mill | Marietta, Georgia | 74,341 | 10,170 | 47,830 | 58,000 | 24,582 | 10,170 | 70,598 | 80,768 | (31,717) | 2/6/2015 |
| Versailles | Dallas, Texas | 26,108 | 6,720 | 19,445 | 26,165 | 10,617 | 6,720 | 29,481 | 36,201 | (12,846) | 2/26/2015 |
| Seasons 704 Apartments | West Palm Beach, Florida | 33,960 | 7,480 | 13,520 | 21,000 | 7,698 | 7,480 | 20,817 | 28,297 | (8,854) | 4/15/2015 |
| Madera Point | Mesa, Arizona | 29,676 | 4,920 | 17,605 | 22,525 | 5,445 | 4,920 | 22,421 | 27,341 | (9,470) | 8/5/2015 |
| Venue at 8651 | Fort Worth, Texas | 24,620 | 2,350 | 16,900 | 19,250 | 8,526 | 2,350 | 24,915 | 27,265 | (10,455) | 10/30/2015 |
| Parc500 | West Palm Beach, Florida | 30,012 | 3,860 | 19,424 | 23,284 | 8,892 | 3,860 | 27,825 | 31,685 | (11,609) | 7/27/2016 |
| The Venue on Camelback | Phoenix, Arizona | 36,465 | 8,340 | 36,520 | 44,860 | 9,826 | 8,340 | 45,623 | 53,963 | (16,403) | 10/11/2016 |
| Rockledge Apartments | Marietta, Georgia | 78,444 | 17,451 | 96,577 | 114,028 | 22,068 | 17,451 | 115,624 | 133,075 | (35,594) | 6/30/2017 |
| Atera Apartments | Dallas, Texas | 38,555 | 22,371 | 37,090 | 59,461 | 7,170 | 22,371 | 42,920 | 65,291 | (13,162) | 10/25/2017 |
| Versailles II | Dallas, Texas | 15,706 | 4,124 | 20,667 | 24,791 | 4,535 | 4,124 | 24,515 | 28,639 | (7,002) | 9/26/2018 |
| Brandywine I & II | Nashville, Tennessee | 59,526 | 6,237 | 73,870 | 80,107 | 13,606 | 6,237 | 85,714 | 91,951 | (24,392) | 9/26/2018 |
| Bella Vista | Phoenix, Arizona | 37,400 | 10,942 | 37,661 | 48,603 | 5,085 | 10,942 | 41,827 | 52,769 | (11,586) | 1/28/2019 |
| The Enclave | Tempe, Arizona | 33,440 | 11,046 | 30,933 | 41,979 | 4,457 | 11,046 | 34,621 | 45,667 | (9,857) | 1/28/2019 |
| The Heritage | Phoenix, Arizona | 29,810 | 6,835 | 35,244 | 42,079 | 4,740 | 6,835 | 39,234 | 46,069 | (10,732) | 1/28/2019 |
| Summers Landing | Fort Worth, Texas | 14,135 | 1,798 | 17,628 | 19,426 | 3,897 | 1,798 | 20,992 | 22,790 | (5,090) | 6/7/2019 |
| Residences at Glenview Reserve | Nashville, Tennessee | 33,271 | 3,367 | 41,652 | 45,019 | 8,999 | 3,367 | 49,669 | 53,036 | (12,905) | 7/17/2019 |
| Residences at West Place | Orlando, Florida | 33,817 | 3,345 | 52,657 | 56,002 | 7,251 | 3,345 | 58,730 | 62,075 | (13,589) | 7/17/2019 |
| Avant at Pembroke Pines | Pembroke Pines, Florida | 248,185 | 48,436 | 275,671 | 324,107 | 43,454 | 48,436 | 312,136 | 360,572 | (71,470) | 8/30/2019 |
| Arbors of Brentwood | Nashville, Tennessee | 39,977 | 6,346 | 56,409 | 62,755 | 5,732 | 6,346 | 60,927 | 67,273 | (13,444) | 9/10/2019 |
| Torreyana Apartments | Las Vegas, Nevada | 43,153 | 23,824 | 44,560 | 68,384 | 3,627 | 23,824 | 46,986 | 70,810 | (10,045) | 11/22/2019 |
| Bloom | Las Vegas, Nevada | 60,848 | 23,803 | 83,290 | 107,093 | 8,676 | 23,803 | 90,115 | 113,918 | (19,696) | 11/22/2019 |
| Bella Solara | Las Vegas, Nevada | 37,772 | 12,605 | 54,262 | 66,867 | 3,706 | 12,605 | 56,809 | 69,414 | (12,007) | 11/22/2019 |
| Fairways at San Marcos | Chandler, Arizona | 55,056 | 10,993 | 73,785 | 84,778 | 5,860 | 10,993 | 77,970 | 88,963 | (14,127) | 11/2/2020 |
| The Verandas at Lake Norman | Charlotte, North Carolina | 30,113 | 9,510 | 54,270 | 63,780 | 3,487 | 9,510 | 56,786 | 66,296 | (8,458) | 6/30/2021 |
| Creekside at Matthews | Charlotte, North Carolina | 28,703 | 11,515 | 46,741 | 58,256 | 3,913 | 11,515 | 49,653 | 61,168 | (8,099) | 6/30/2021 |
| Six Forks Station | Raleigh, North Carolina | 30,430 | 11,357 | 63,748 | 75,105 | 7,404 | 11,357 | 69,952 | 81,309 | (10,270) | 9/10/2021 |
| High House at Cary | Cary, North Carolina | 32,478 | 23,809 | 69,793 | 93,602 | 4,343 | 23,809 | 72,760 | 96,569 | (9,602) | 12/7/2021 |
| The Adair | Sandy Springs, Georgia | 33,229 | 8,344 | 57,156 | 65,500 | 3,544 | 8,344 | 60,700 | 69,044 | (7,312) | 4/1/2022 |
| Estates on Maryland | Phoenix, Arizona | 37,345 | 11,553 | 66,347 | 77,900 | 2,961 | 11,553 | 69,308 | 80,861 | (8,284) | 4/1/2022 |
| $1,503,242 | $359,819 | $1,682,565 | $2,042,384 | $298,916 | $359,819 | $1,941,973 | $2,301,792 | $(508,569) | |||
(1)
Encumbrances includes mortgage debt.
(2)
Includes gross intangible lease assets of approximately $42.1 million and buildings, improvements and furniture, fixtures and equipment of approximately$1.6 billion, which includes total acquisition costs of approximately $7.7 million incurred on the acquisitions and a fair market value adjustment, a premium of approximately $0.9 million, related to the assumption of debt.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2024
A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Real Estate: | |||
| Balance, beginning of year | $2,411,058 | $2,413,845 | $2,248,796 |
| Additions: | |||
| Real estate acquired | — | — | 143,400 |
| Improvements | 35,337 | 72,262 | 58,715 |
| Deductions: | |||
| Real estate sold | (143,183) | (72,958) | (28,239) |
| Write-off of fully amortized assets and other | (1,420) | (2,091) | (8,827) |
| Balance, end of year | $2,301,792 | $2,411,058 | $2,413,845 |
| Accumulated Depreciation and Amortization: | |||
| Balance, beginning of year | $442,958 | $371,293 | $287,096 |
| Depreciation expense | 97,762 | 95,186 | 93,499 |
| Amortization expense | — | — | 4,149 |
| Accumulated depreciation on sales | (31,871) | (23,327) | (6,459) |
| Write-off of fully amortized assets and other | (280) | (194) | (6,992) |
| Balance, end of year | $508,569 | $442,958 | $371,293 |
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