Exclusive: NexPoint Pays $50M for North Carolina Asset
The property’s value grew nearly 50 percent in six years.
NexPoint has acquired Waterford Place, a 240-unit asset in Greensboro, N.C., from JSB Capital Group, according to Yardi Matrix data. Walker & Dunlop financed the deal with a $29.7 million Freddie Mac loan.
The asset traded for $49.5 million, public records reveal. This marked a 48.9 percent increase from its $33.3 million sale price of 2020, the data provider shows.
Waterford Place debuted in 1996, featuring 21 three-story residential buildings. Units feature one- to three-bedroom layouts that average 1,155 square feet. Amenities include a swimming pool, a fire pit, a sports court, a clubhouse and a playground, as well as coworking spaces, among others.
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Located at 101 Shore Lake Drive, the community is approximately 6 miles north of downtown Greensboro, on the banks of Lake Jeanette. Interstate 840 runs less than 1 mile away.
NexPoint owned 35 properties totaling 12,984 units across 10 U.S. markets as of December 2025. Going forward, the firm will continue its main strategy of value-added investments and repositions, while ramping up capital recycling.
NexPoint did not immediately return Multi-Housing News’ request for comment.
Investment gets hot in Winston-Salem – Greensboro
Advertised asking rent growth recorded negative values across the Winston-Salem – Greensboro multifamily market, wrapping up 2025 at -0.6 percent year-over-year, according to a recent Yardi Matrix report. Meanwhile, the national rate stagnated at 0 percent.
Regardless, the multifamily transaction activity across the metro grew 17.3 percent year-over-year, sales amounting to $418.2 million in 2025, the data provider shows. Apartments got more expensive as well, increasing in value by 27.2 percent to an average of $155,504 per unit last year. Waterford Place commanded $206,250 per unit, substantially above the market average.
