The multibillion-dollar alternative investment platform NexPoint is increasing its exposure in the single-family rental market through a newly formed real estate investment trust (REIT) in partnership with HomeSource Operations.
In a statement Thursday, NexPoint said the new REIT has an existing portfolio of more than 1,000 homes, which it expects to grow to several thousand homes by the end of the year. Bloomberg reported that NexPoint is seeding the REIT with $250 million in equity and debt, according to people familiar with the matter.
