Replies to post #39 on NexPoint Residential Trust Inc. (NXRT)

[Enterprising Investor]

NXRT plans to increase investment in the Phoenix market.

In addition, management believes the time is right to enter Houston. One of the opportunities mentioned were 1990's era properties available at 6.5% cap rates. The trust mentioned that it may swap DFW properties valued at 5.25% cap rates and move into Houston at 6% plus.