NexPoint Residential Trust Completes Houston Property Acquisition

NexPoint Residential Trust Completes Houston Property Acquisition

NexPoint Residential Trust has completed its acquisition of the 924-unit apartment portfolio in Houston, Texas for $108 million. The acquisition was structured as a reverse 1031 exchange to facilitate the company’s continued plan to recycle capital from dispositions of assets from non-core markets into well-located assets in longer-term target markets. The acquisition was funded with borrowings of approximately $108 million under its credit facilities with KeyBank National Association (KEY) and […]

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Finjan 2016 Revenue Tops Expectations

Finjan 2016 Revenue Tops Expectations

Finjan Holdings jumped in pre-market trading on Tuesday after the cybersecurity company said revenue almost quadrupled in 2016. Shares rose more than 13%. Revenue exceeded $18 million in 2016 compared with 2015. That beat the $12.4 million estimate of one analyst polled by Capital IQ. ¬†Also on Tuesday, Finjan said that on Dec. 30, its unit Finjan Inc. closed a confidential patent license agreement with F5 Networks, a secure application […]

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