NexPoint Residential Trust, Inc. To Be Added To The MSCI US REIT Index (11/16/16)
DALLAS, Nov. 16, 2016 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) announced today that it will be added to the MSCI US REIT Index (RMZ) effective as of the close of the market on November 30, 2016. The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of Equity REIT securities.
Jim Dondero, Chairman and President of NXRT, commented, "We are very pleased to be joining the public REITS that comprise the MSCI US REIT Index. This an important milestone for our REIT and reflects what we have been able to achieve since we began trading on the NYSE. We believe our inclusion in this important REIT industry index will increase NXRT's visibility to a broader pool of potential investors."
NexPoint Residential Trust, Inc. is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P., a leading global alternative asset manager and an SEC-registered investment adviser. More information about NXRT is available at http://www.nexpointliving.com