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.
Cautionary Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "expect," "anticipate," "intend" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements about NXRT being added to the MSCI US REIT Index. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's Annual Report on Form 10-K for the year ended December 31, 2015 and the Company's other filings with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by law, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.
Financial Relations Board
SOURCE NexPoint Residential Trust, Inc.