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Stock impact report

Lion Real Estate Group nabs off-market deal in Houston [Yahoo! Finance]

NexPoint Residential Trust, Inc. (NXRT) 
Last nexpoint residential trust, inc. earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: nexpointliving.com
Company Research Source: Yahoo! Finance
Property: Stone Creek at Old Farm Buyer: Lion Real Estate Group Seller: NexPoint Residential Trust Property type: Garden-style Units: Location: Houston Purchase price: Withheld The Houston apartment market has faced struggles over the past couple of years. Expenses, primarily insurance costs, have skyrocketed, and high-profile problems, specifically with the foreclosure of four Houston apartment properties totaling 3,200 units from Dallas-based Applesway Investment Group, have pushed down prices in the city. “In conjunction with the operational issues, the floating rate problem, the foreclosures and that narrative and the expense load that's ever-increasing, it was causing some people to turn away,” Ben Kriegsman, director of acquisitions for Dallas-headquartered real estate investment and asset management firm Lion Real Estate Group, told Multifamily Dive. As some investors turn away, it creates opportunities for others. When the owner of Stone Creek at Show less Read more
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