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Pre Harvey, all three of these property types were overbuilt, so this will help current owners, assuming the property is not damaged or destroyed."NexPoint has outsized exposure in Houston, representing 10% of NOI:Prior to Harvey, NexPoint was planning to rehab all three of its Houston properties. I'm not sure what damage these properties suffered, I did not see any press releases issued by the company (I will reach out on Tuesday):It's likely that the Houston properties will see robust rent growth as a result of Harvey. Let's take a deeper dive.NexPoint: The Sunbelt REIT On March 31, 2015, NexPoint Credit Strategies Fund (NYSE:NHF) spun off NXRT to create a pure play multi family REIT.

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