HIGHOutside partyCounterparty
BH Management Services
“10-K Item 1: 'we have partnered with BH to manage all of our properties as an external manager'”
NXRT · Concentration risk · 10-K extracted
NexPoint Residential Trust (NXRT) concentration risks
Updated
The most significant concentration NexPoint Residential Trust discloses is BH Management Services, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: NexPoint Residential Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCounterparty
the Adviser
“10-K Item 1: 'All of the Company's investment decisions are made by the Adviser, subject to general oversight by the Adviser's investment committee and the Company's board of directors'”
MEDIUMBuilt-inGeographic
Southeastern and Southwestern United States
“10-K Item 1A: 'Our most significant geographic investment concentrations are primarily in the Southeastern and Southwestern United States.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06NexPoint Residential Trust's structure concentrates decision-making authority outside the company itself: BH Management Services runs all of the REIT's properties as external manager, and all investment decisions are made by the Adviser, subject only to board oversight. Both are disclosed as high in scope, and both are dependency risks rather than market or asset risks — the trust's performance rests heavily on the continued quality and alignment of these two external relationships rather than solely on the underlying real estate. Geographically, the portfolio's most significant concentration is in the Southeastern and Southwestern United States, a moderate, structural exposure tied to regional economic and housing-market cycles rather than to any single counterparty. Taken together, the governance dependencies are the more consequential feature: because both property management and investment decisions are externalized, NXRT's outcomes are closely tied to the performance and incentives of BH and the Adviser, a risk that persists regardless of which markets the portfolio is in. The regional concentration is a secondary, cyclical overlay on top of that — a real but more conventional REIT-style exposure that would only compound the governance risk in a regional downturn.
For the engine’s reasoning on NXRT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Residential
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| NXRT● | NexPoint Residential Trust, Inc | 2 | 1 | 0 | 3 |
| AMH | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| CSR | D/B/A Centerspace | 2 | 0 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| AIV | Apartment Investment and Manage | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.