Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Merger or Acquisition (August 2019)
10 slides from Nexpoint Residential Trust's merger presentation, Aug 13, 2019
Slide 1: Acquisition Announcement: Arbors of Brentwood and Pembroke Apartments
13 AUGUST 2019 NXRT ACQUISITION ANNOUNCEMENT: ARBORS OF BRENTWOOD AND PEMBROKE APARTMENTS AN AFFILIATE OF
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements. These statements reflect the current views of the Company’s management with respect to future events and financial performance. These statements include forward-looking statements within the meani
Slide 3: NXRT Portfolio and Strategy
NEXPOINT RESIDENTIAL TRUST, INC [NYSE:NXRT] NXRT PORTFOLIO AND STRATEGY NexPoint Residential Trust, Inc. (NYSE:NXRT) is under contract to purchase two 2 infill multifamily properties in Nashville, Tennessee (Arbors of Brentwood) and Pembroke Pines, Florida (Pembroke Apartments) for approximately $38
Slide 4: Opportunistic Investments: Acquire Well-Located Assets with Upside Potential
OPPORTUNISTIC INVESTMENTS ACQUIRE WELL-LOCATED ASSETS WITH UPSIDE POTENTIAL Management has identified two opportunistic acquisitions in long-term target markets. The acquisitions will increase NXRT’s number of units in the Nashville and South Florida area by ~3% to a new total of 2,312 (after the sc
Slide 5: Driving Internal Growth Through Capital Recycling
DRIVING INTERNAL GROWTH THROUGH CAPITAL RECYCLING TRANSACTION MECHANICS 2Q 2019 NXRT solicits broker opinions of value and elects to pursue potential disposition of six properties via broad marketing campaign with CBRE: • Abbington Heights, Belmont at Duck Creek, Edgewater at Sandy Springs, Heathers
Slide 6: Opportunistic Investment | Arbors of Brentwood
OPPORTUNISTIC INVESTMENT | ARBORS OF BRENTWOOD NXRT is under-contract to purchase the property for ~$62.25MM, or ~$180K/unit, and is expected to close in early September. Built in 1986, the 346-unit Arbors of Brentwood is a high quality apartment community with robust common area amenities including
Slide 7: Opportunistic Investment | Pembroke Apartments
OPPORTUNISTIC INVESTMENT | PEMBROKE APARTMENTS NXRT is under-contract to purchase the property for ~$322MM, or ~$212K/unit, and is expected to close by the end of August. Built in phases from 1986-1990, Pembroke Apartments is a 1,520 unit apartment community with substantial common area amenities CL
Slide 8: Capitalization and CFFO Impacts
CAPITALIZATION AND CFFO IMPACTS NEW ACQUISITIONS CAPITALIZATION The opportunistic investments management has recently placed under contract provide another CAPITALIZATION AT CLOSING (ARBORS OF BRENTWOOD AND PEMBROKE APARTMENTS) avenue for NAV and operational growth. As we have done in previous trans
Slide 9: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION REVISED 2019 GUIDANCE RECONCILIATION The following table reconciles our FFO, Core FFO and AFFO guidance to our net income (the most directly comparable GAAP financial measure) guidance for the year ended December 31, 2019 (in thousands, except per share data): ($ in thousands
Slide 10: Contact Info
CONTACT INFO INVESTOR RELATIONS CONTACT Jackie Graham jgraham@highlandcapital.com (972) 419-6213 300 Crescent Court, Suite 700 Dallas, TX 75201 Phone: 972-628-4100 Fax: 972-628-4147 10 AN AFFILIATE OF
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