James Dondero Has Been Appointed To The Board Of Directors For NexPoint Residential Trust, Inc.

James Dondero along with Arthur Laffer has been appointed member of the board of directors at NexPoint Residential Trust, Inc., James Dondero has also been appointed Chairman of the Board. NexPoint Residential Trust has shares listed on the New York Stock Exchange and is a publicly traded REIT. The company’s main focus is on acquiring, operating and owning middle income multifamily properties. The properties need to be well-located and have ‘with value’ potential in either large cities, or suburbs of large cities to receive their attention. Their interest mainly lies in the Southeastern and Southwestern parts of the United States.

James Dondero is the President of the company and also co-founder and president of Highland Capital Management, L.P as well as founder and president of NexPoint Advisors,L.P., and chairman of NexBank a bank majority owned by him and affiliated with NexBank.

Highland Capital Management was co-founded by Mr. Dondero in 1993 with Mark Okada and Ray Lane. Highland and its branches manage approximately $21 billion is assets as of March 2015. With over 30 years of experience in credit investments and equity markets, Mr. Dondero helped to pioneer new classes under credit asset. Before he founded Highland, he served as Chief Investment Officer of Protective Life’s GIC and helped to create the business into a $2 billion business from its concept. His portfolio includes experience in; mortgage backed securities, leveraged bank loans, emerging markets, investment grade corporates, derivatives, common and preferred stocks.