Reit Magazine - March/April 2021 - 30

" We're just trying to make our corner
as good as possible and invest in
locations where we can buy and
improve housing that's affordable for
most of the people who live there. "
-M
 ARK DECKER, JR., PRESIDENT AND CEO
OF CENTERSPACE HOMES

30 |

reit

which is a smaller market but one that's attracting
new residents. "
Decker says that REITs have a role to play in solving the affordable housing crisis.
" We're not telling investors that we're trying to
build affordable housing, because that's not our business, " says Decker. " But there's a solution between
'profits are everything' versus 'the government
subsidizes everything'. We're just trying to make our
corner as good as possible and invest in locations
where we can buy and improve housing that's affordable for most of the people who live there. "
Brian Mitts, CFO of NexPoint Real Estate
Advisors, a real estate investment platform that
includes NexPoint Residential Trust, Inc. (NYSE:
NXRT), says " the simplest way we define affordable
housing is by looking at the demographics of our
tenant and the market. " The average household
income of NexPoint tenants is about $55,000 and
rents typically require 20% to 25% of their income,
he says.
Mitts says that NexPoint's strategy is simple: focus
on growing Sun Belt markets and locations where
other companies are not investing. " We go into older
garden-style apartment communities that haven't
been invested in for 20 years, bring the apartments
into the modern era, and continue to charge affordable rents, " Mitts says.
NexPoint buys these communities at a large
discount and saves 30% or more compared to the
land, labor, and materials costs of building a new



Reit Magazine - March/April 2021

Table of Contents for the Digital Edition of Reit Magazine - March/April 2021

Contents
Reit Magazine - March/April 2021 - Cover1
Reit Magazine - March/April 2021 - Contents
Reit Magazine - March/April 2021 - 1
Reit Magazine - March/April 2021 - 2
Reit Magazine - March/April 2021 - 3
Reit Magazine - March/April 2021 - 4
Reit Magazine - March/April 2021 - 5
Reit Magazine - March/April 2021 - 6
Reit Magazine - March/April 2021 - 7
Reit Magazine - March/April 2021 - 8
Reit Magazine - March/April 2021 - 9
Reit Magazine - March/April 2021 - 10
Reit Magazine - March/April 2021 - 11
Reit Magazine - March/April 2021 - 12
Reit Magazine - March/April 2021 - 13
Reit Magazine - March/April 2021 - 14
Reit Magazine - March/April 2021 - 15
Reit Magazine - March/April 2021 - 16
Reit Magazine - March/April 2021 - 17
Reit Magazine - March/April 2021 - 18
Reit Magazine - March/April 2021 - 19
Reit Magazine - March/April 2021 - 20
Reit Magazine - March/April 2021 - 21
Reit Magazine - March/April 2021 - 22
Reit Magazine - March/April 2021 - 23
Reit Magazine - March/April 2021 - 24
Reit Magazine - March/April 2021 - 25
Reit Magazine - March/April 2021 - 26
Reit Magazine - March/April 2021 - 27
Reit Magazine - March/April 2021 - 28
Reit Magazine - March/April 2021 - 29
Reit Magazine - March/April 2021 - 30
Reit Magazine - March/April 2021 - 31
Reit Magazine - March/April 2021 - 32
Reit Magazine - March/April 2021 - 33
Reit Magazine - March/April 2021 - 34
Reit Magazine - March/April 2021 - 35
Reit Magazine - March/April 2021 - 36
Reit Magazine - March/April 2021 - 37
Reit Magazine - March/April 2021 - 38
Reit Magazine - March/April 2021 - 39
Reit Magazine - March/April 2021 - 40
Reit Magazine - March/April 2021 - 41
Reit Magazine - March/April 2021 - 42
Reit Magazine - March/April 2021 - 43
Reit Magazine - March/April 2021 - 44
Reit Magazine - March/April 2021 - 45
Reit Magazine - March/April 2021 - 46
Reit Magazine - March/April 2021 - 47
Reit Magazine - March/April 2021 - 48
Reit Magazine - March/April 2021 - 49
Reit Magazine - March/April 2021 - 50
Reit Magazine - March/April 2021 - 51
Reit Magazine - March/April 2021 - 52
Reit Magazine - March/April 2021 - 53
Reit Magazine - March/April 2021 - 54
Reit Magazine - March/April 2021 - 55
Reit Magazine - March/April 2021 - 56
Reit Magazine - March/April 2021 - 57
Reit Magazine - March/April 2021 - 58
Reit Magazine - March/April 2021 - 59
Reit Magazine - March/April 2021 - 60
Reit Magazine - March/April 2021 - 61
Reit Magazine - March/April 2021 - 62
Reit Magazine - March/April 2021 - 63
Reit Magazine - March/April 2021 - 64
Reit Magazine - March/April 2021 - 65
Reit Magazine - March/April 2021 - 66
Reit Magazine - March/April 2021 - 67
Reit Magazine - March/April 2021 - 68
Reit Magazine - March/April 2021 - 69
Reit Magazine - March/April 2021 - 70
Reit Magazine - March/April 2021 - 71
Reit Magazine - March/April 2021 - 72
Reit Magazine - March/April 2021 - Cover3
Reit Magazine - March/April 2021 - Cover4
https://www.nxtbookmedia.com