PR Newswire | Jul 28, 2020 05:12PM EDT

07/28 16:11 CDT

NexPoint Residential Trust, Inc. Announces Appointment of Independent Director DALLAS, July 28, 2020

DALLAS, July 28, 2020 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the appointment of Catherine Wood as an independent director to the Company's board of directors effective July 27, 2020.

"We are very excited to welcome Ms. Wood to our board. We believe Ms. Wood brings a fresh perspective to the board and a unique background that complements the current directors," said Chairman and Chief Executive Officer, James Dondero.

Ms. Wood is Chief Executive Officer and Chief Investment Officer of ARK Investment Management LLC ("ARK"), a registered investment adviser, which she founded in January 2014. Prior to ARK, Cathie spent 12 years at AllianceBernstein as Chief Investment Officer of Global Thematic Strategies. Ms. Wood joined Alliance from Tupelo Capital Management, a hedge fund she co-founded. Prior to her tenure at Tupelo Capital, she worked for 18 years at Jennison Associates LLC as Chief Economic Officer and several other positions. She started her career in Los Angeles at The Capital Group as an Assistant Economist. Ms. Wood received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California.

About NXRT

NexPoint Residential Trust 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 NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.

Contact:Jackie GrahamInvestor Relations972-628-4024JGraham@nexpointadvisors.com

Media InquiriesMediaRelations@nexpointadvisors.com

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SOURCE NexPoint Residential Trust, Inc.