NexPoint Residential Trust Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Company profile

NexPoint Residential Trust, Inc. is an externally managed real estate investment trust (REIT). The Company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company's business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P. (OP). The sole limited partner of the OP is the Company. Its subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC, is the sole general partner of the OP. As of December 31, 2016, the Company owned 39 properties representing 12,965 units in eight states, including two Parked Assets. The Company's advisor is NexPoint Real Estate Advisors, L.P.

Closing Price
$38.37
Day's Change
0.00 (0.00%)
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B/A Size
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Day's High
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Volume
(Light)
Volume:
0

10-day average volume:
70,396
0

Canopy Growth to invest up to $150 million in New York hemp facility

1:51 pm ET January 14, 2019 (MarketWatch)
Print

Canadian cannabis company Canopy Growth Corp. (WEED.T) said Monday it has been granted a licence to process and produce hemp in New York state. The company said it is planning to invest $100 million to $150 million in a New York base, capable of producing tons of hemp extract. Hemp is a type of cannabis plant that does not contain the psychoactive ingredient that produces the "high" associated with the substance, but does contain CBD, or cannabidiol, an ingredient that is widely held to have health benefits. Hemp can also be used in construction and plastics. Hemp was recently legalized in the U.S. via its inclusion in the recent Farm Bill. Canopy Growth is evaluating sites in the Southern Tier of New York, and intends to announce a choice within 100 days. It will provide the anchor business in a hemp industrial park and will source its product from American farmers. Canopy's U.S. -listed shares were up 7% on Monday, while Canadian-listed shares were slightly higher. The S&P 500 was down 0.3%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 14, 2019 13:51 ET (18:51 GMT)

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