NexPoint

NexPoint is a Dallas-based alternative investment firm with a deep real estate arm that develops, owns and manages property across the country. The company works in multifamily, hospitality, office and specialty sectors, and it has moved aggressively into adaptive reuse as demand for older office space has softened. NexPoint is behind the roughly $445 million redevelopment of Dallas’s Cityplace Tower, a 42-story landmark it plans to convert into apartments, hotel rooms and retail under the name The Apron. That project, one of the largest office conversions in Texas, reflects the firm’s bet that repositioning obsolete towers beats leaving them half empty. NexPoint’s real estate platform spans acquisitions, development and long-term asset management.

NexPoint is a Dallas alternative-investment platform founded in 2012 by James Dondero, built to bring institutional-style real estate strategies to both retail and institutional investors. Its real estate arm develops, owns, and manages property across multifamily, single-family rental, office and retail, self-storage, and hospitality, using a wide range of vehicles, including publicly traded REITs, private placements, 1031 exchange/DST offerings, closed-end and interval funds, and a business development company.

As demand for older office space has softened, the firm has leaned into adaptive reuse, converting obsolete towers into apartments, hotels, and retail rather than leaving them half-empty. That thesis, that repositioning aging office assets beats holding them idle, runs through its largest current projects. The platform’s mix of in-house advisers, a broker-dealer, and multiple investment vehicles is what lets it move on large, capital-intensive redevelopments.