NexPoint Acquires Waterford Place Multifamily In Greensboro From JSB Capital Group For $49.5M

The property involved in this transaction is a 240-unit multi-family community located at 101 Shore Lake Drive, Greensboro, NC. The sale price for the asset was $49,500,000, translating to a per unit price of $206,250. The community is part of NexPoint’s extensive portfolio, which includes almost 13,000 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,500,000
• Buyer: NexPoint
• Seller: JSB Capital Group
• Lender: Walker & Dunlop
• Units: 240
• Price Per Unit: $206,250

NexPoint acquired the property using a $29.7 million Freddie Mac loan, which represents an increase from the previous valuation of the property at $33.3 million in 2020. This acquisition reflects the strategic growth of NexPoint in the multi-family sector.