NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes
NXRTNexPoint Residential Trust(NXRT) Prnewswire·2024-05-02 20:30

DALLAS, May 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, NC, a 225-unit property built in 1991. The property was acquired for $24.3 million on September 30, 2014, and has provided consistent operational and cash flow performance for the portfolio for the last 9+ years. As of April 30, 2024, the property was 92.4% leased with a weighted average effective monthly rent of a ...