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exPoint Residential Trust has successfully restructured nearly all of its financial obligations. The Dallas-based REIT has refinanced $1.469 billion in debt over the last two months, covering 34 loans across 17 multifamily properties. This move significantly delays repayment obligations until 2028 and reduces NexPoint's overall debt to about 2 percent.

    The refinancing, facilitated by JPMorgan Chase, lowers NexPoint's weighted average interest rate by 50 basis points to 5.65 percent. When adjusted for interest rate swap contracts, the rate declines further to 2.95 percent – a reduction of 49 basis points from its previous rate of 3.44 percent.

    The refinancing affects properties in North Texas and other Sun Belt states like Florida, North Carolina, Tennessee, and Arizona. NexPoint Residential Trust operates under the umbrella of hedge fund manager James Dondero's NexPoint, alongside two other REITs: NexPoint Diversified Real Estate Trust and NexPoint Hospitality Trust.

    This financial restructuring follows a recent 10.3 percent increase in NexPoint's quarterly dividend to 51 cents per share – a 147.6 percent increase since the company's founding in 2015.