Investor Presentaiton
NexPoint Homes
Top 10
Exposures
1.
2.
3.
NexPoint Storage
Partners
NexPoint Homes
NexPoint Real
Estate Finance
4.
EDS Legacy
Partners
5.
IQHQ
6.
QuarterNorth
Energy
INVESTMENT BACKGROUND
NexPoint Homes Trust, Inc. ("NXHT") is a private real estate investment
trust (REIT) formed in 2022 that focuses on acquiring, building, and
operating single-family rental ("SFR") homes mostly in the Sunbelt
states. NXHT was formed in response to the growing need for expanded
access to affordable SFR properties. NXHT focuses on acquiring newer
construction homes and partnering with local builders to create "build-
for-rent" communities in secondary and tertiary markets. Using a
balanced rehabilitation model and carefully studying the Affordability
Index of the geographical area, NXHT prices its rentals more affordably,
aiming to provide more affordable housing in safe neighborhoods near
major employment centers.
INVESTMENT UPDATE
As of September 30, 2023, NXHT owned 2,569 homes, a decrease of
one home from last quarter, with an average purchase price of
$274,000 and an average age of approximately seven years. As of
September 30, 2023, the stabilized portfolio occupancy was 99.2% with
an average effective monthly rent of $1,717. The portfolio is split 60%
SFR and 40% built-for-rent with over 60% of the homes located in
Arkansas, Oklahoma, and Texas.
INVESTMENT HIGHLIGHTS
Initial Investment 2022
% of HFRO
Investment
11.77%
$123.1M
Investment Type
Debt, Private Equity
Real Estate - SFR
Industry
7.
NexPoint
Hospitality Trust
8.
CCS Medical
9.
Freddie Mac 21K-
F103
Boise
City
Des Moines
0 Indianapolis
Kansas
City
Knoxville.
Nashville
00
Greensboro
10. Easton Village
O Tulsa O NW AR
Oklahoma City
Winston-Salem
Memphis
°
Charlotte
Chattanoogal
Ventures
Dallas-Ft."
° Atlanta
Tuscaloosa O
Savannah
Current Market
Pensacola
Austin
о
Potential Expansion Market
San Antonio Houston
Birmingham
Huntsville
Jacksonville
Orlando
Tampa
Current State
Potential Expansion State
NOVEMBER 2023
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