NexPoint Real Estate Strategies Fund
NRSZX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- James David Dondero
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2515 Mckinney Avenue Dallas TX United States of America 75201
- IPO Date
- Apr 17, 2023
- CIK
- 0001663712
- Website
- nexpointres.com
- Similar Companies
- Business
- NexPoint Real Estate Strategies Fund (NRSZX) operates as a continuously offered, non-diversified, closed-end interval fund that seeks long-term total return, with an emphasis on current income, by investing, under normal circumstances, at least 80% of its assets in real estate and real estate-related securities. The fund pursues this objective primarily through a broad range of private and public real estate-related debt, equity, and preferred equity investments across multiple sectors, including commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS); direct preferred equity and mezzanine investments in real properties; equity securities of public (traded and non-traded) and private debt and equity real estate investment trusts (REITs) and real estate operating companies (REOCs); and opportunistic and value-added direct real estate strategies executed via REIT subsidiaries NRESF REIT Sub, LLC (formed July 8, 2016) and NRESF REIT Sub II, LLC (formed June 6, 2022). It may allocate up to 20% of total assets (subject to limitations) to non-real estate equity or debt securities, employing deep fundamental research, event-driven, and activist approaches to exploit value gaps between public and private real estate markets while aiming for risk-adjusted returns across real estate cycles. Headquartered at 300 Crescent Court, Suite 700, Dallas, Texas 75201, the fund is advised by NexPoint Advisors, L.P., part of the multibillion-dollar NexPoint alternative investment platform with extensive real estate experience, including over $9.7 billion in acquisitions since 2012. Incorporated in Delaware with a fiscal year-end of December 31, it offers share classes including Class Z (NRSZX), Class A (NRSAX), and Class C (NRSCX), and provides limited liquidity through quarterly repurchase offers of no less than 5% of outstanding shares at net asset value. The fund targets long-term investors seeking real estate exposure as an alternative to traditional stocks and bonds, offering potential income generation, capital appreciation, inflation hedging, and a fixed-income substitute profile with lower volatility via public-private diversification. Recent developments include multiple fully subscribed Delaware statutory trust (DST) offerings by NexPoint affiliates, such as the $137 million Semiconductor Manufacturing DST (September 29, 2025), $45 million Self-Storage DST (September 24, 2025), and $28 million Lodging I DST, alongside the launch of a $200 million continuous offering of 8.00% Series C Cumulative Redeemable Preferred Stock by NexPoint Real Estate Finance, Inc. and a Multifamily DST for an Orlando-area property. In July 2025, NexPoint launched the Credit Catalyst Fund to expand event-driven solutions, while ongoing tender offers for common stock were announced by NexPoint Capital, Inc. in September, August, June, and other dates in 2025, reflecting active capital management and strategic growth initiatives. These activities underscore the fund's integration within NexPoint's broader real estate platform, including affiliates like NexPoint Real Estate Finance (NREF), NexPoint Residential Trust (NXRT), and NexPoint Diversified Real Estate Trust (NXDT), with operations focused on U.S. real estate sectors such as hospitality, industrial, multifamily, office, retail, single-family rental, and storage.