Dondero’s NexPoint Said to Market $370 Million Rental-Home Deal

NexPoint, the alternative investment firm founded by Jim Dondero, is marketing about 1,200 single-family rental houses in a deal that may fetch as much as $370 million.

NexPoint is working with Eastdil Secured on a potential sale of the US homes, according to people familiar with the effort who requested anonymity because the matter is private. The properties, which NexPoint purchased through a partnership with HomeSource Operations, include in-place debt at interest rates lower than current financing costs, one of the people said.

A representative for NexPoint declined to comment. An Eastdil representative didn’t immediately respond to a request ...