NXRT · CIK 0001620393
What NexPoint Residential Trust, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for NXRT. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- portfolio concentrated in Southeastern/Southwestern U.S.medium
All 36 multifamily properties (13,305 units) are primarily located in the Southeastern and Southwestern United States, concentrating exposure to those regional rental markets.
“As of December 31, 2025, our Portfolio consisted of 36 multifamily properties primarily located in the Southeastern and Southwestern United States encompassing 13,305 units of apartment space that was approximately 92.7% leased”
Supplier concentration
- reliance on single third-party property manager (BH)medium
NXRT outsources property management of its portfolio to a single third-party operator, BH, for ~3% of gross income — concentration of operational dependence on one manager.
“has managed multifamily communities for 33 years; brings a scale of operations we could not otherwise achieve for approximately 3% of gross income, which is the contracted amount we pay for its property management services; has operations in all of our current and desired markets”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
BH Management Services / BH Equities, LLC
“has managed multifamily communities for 33 years; brings a scale of operations we could not otherwise achieve for approximately 3% of gross income, which is the contracted amount we pay for its property management services; has operations in all of our current and desired markets”
Cited →
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