NexPoint Residential Trust, Inc. (NXRT) is a real estate investment trust (REIT). The Company is focused on directly or indirectly acquiring, owning, operating and selectively developing Class A and B multifamily properties in large cities and suburban submarkets of large cities, in the Southeastern United States and Texas. Its business objective is to acquire multifamily properties in markets with job growth and household formation fundamentals in the Southeastern United States and Texas; acquire assets below replacement costs, and own assets, which provide lifestyle amenities and upgraded living spaces to low and moderate income renters. NXRT owns and operates multifamily properties in areas that have employment centers, parks and schools nearby; work force, combined with positive net population growth, and jobs provided by a diverse mix of employers. The Company's Bayberry apartments consists of 222 one- and two-bedroom residential units.