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exPoint Residential Trust has secured new financing for 17 apartment complexes across the Sun Belt and is on track to refinance another 17 properties. JP Morgan and Freddie Mac are providing the $1.466 billion in refinancing, which covers nearly 98% of the company's outstanding debt. The second round of loans is expected to close on November 29.

    The majority of the loans have a seven-year term with floating interest rates starting at 6.25%, while one loan for Residences at West Place has a fixed rate of 4.24% and a 12-year term. The properties in the Metroplex include Cutter's Point Apartment Homes, Arbors on Forest Ridge Apartments, Versailles I & II, Venue at 8651, Atera Apartments, and Summers Landing.

    NexPoint's portfolio spans high-growth markets across the Sun Belt, including Florida, Georgia, North Carolina, Tennessee, Arizona, and Nevada. The company specializes in value-add multifamily investments and has a nearly 95% occupancy rate across its portfolio. NexPoint recently exited the Houston market by selling Stone Creek at Old Farm for $23.3 million, more than doubling its original investment.