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exPoint Real Estate Advisors has announced that Paul Richards will succeed Brian Mitts as chief financial officer, among other positions. Mitts is stepping down from his day-to-day role and resigning from all positions effective December 31.

    Mitts has been an integral part of NexPoint's leadership team, playing a key role in growing the company's real estate platform into a multibillion-dollar business operating across various asset classes and property sectors. He was involved in the founding of NexPoint in 2012 and helped list several public REITs during his over 12-year tenure.

    Mitts will remain with the company through the end of the year to support the transition, including at Nareit's REITworld Annual Conference. After leaving NexPoint, he will continue serving on various boards.

    Richards has been with NexPoint for over 10 years and has significant experience in capital markets and financing. He has executed over $4 billion in debt financings and played a key role in equity offerings, special situations, and other capital markets initiatives totaling over $3 billion across multiple real estate sectors.

    "Paul has demonstrated his qualifications for this role through his work on NexPoint's most significant transactions," said Matthew McGraner, Chief Investment Officer. "We're glad to have him take on a broader leadership role."