NexPoint

Old Highland Capital just look it up on this forum nothing but negative comments. Run away and far away. 

This should get fun

Well-known in the Dallas area. 

NexPoint’s still in business….…..

Nexpoint employee here. Firm has had some turnover/firings of long time employees. If you want job stability Nexpoint is not the place Jim just fired a long time right hand man with no warning or reason. He will fire anyone and everyone because it’s Tuesday. 
 

The absolute best part of Nexpoint is the drama and gossip. This place is high school all over again without having to be in high school. Nobodies personal life is safe at Nexpoint. Divorces, affairs, dating, alcoholism, lawsuits, dramatic coworkers. Nothing is secret at Nexpoint. It’s better than a sitcom. 

Culture is weird but we have hired lots of new guys in the past 18 months at below market wages trying to rebrand. 

Legal issues are present and whispers are everywhere internally. Everyone is always on edge about the future. $90m+ in demand notes, $1.5B to UBS, & god knows what else. These issues will take years to resolve so I’m not concerned in the short term. I personally do not think Nexpoint will or can survive in the long term it’s a kick the can and if you lose appeal and appeal that appeal. Half of us are waiting for the doors to be locked in the mornings the other half are just sucking the tit.

We are not oblivious to the situation and knows it’s grim. We are overlevered and only have the mutual funds and dsts keeping the lights on. We have a few joint ventures with some operators but let’s be real there is a reason they accept funding from us because they can’t get it from anyone else and most are unsophisticated. I’ll leave it at that but they made a deal with the devil.

All of our cash from the mutual funds not sure how long that ship can sail. RJ cut off our selling agreement at one point.

We all anticipate collecting unemployment in the future but we got a decent runway to suck that tit dry and watch the drama unfold.

I went to our counsel's office one time, in Crescent Court in Dallas, TX, and at least three different people separately mentioned how big of a clown show the NexPoint team is. 

Thanks guys for the feedback and messages. Great call! Ended up in brokerage ironically worked in a deal NexPoint tried to acquire. Those guys have no clue what they are doing it’s pretty sad and funny.

I would stay as far away as possible. I know their “industrial partner” in FL really well. They tried to make an offer on a deal we were marketing. Talking non stop crap about Nexpoint. Mainly how dumb the guys who work there are. Bad mouthed the attorney they deal who they say is a complete moron and their acquisition guy has zero CRE experience. They said they know Nexpoint is going to lose all their assets and all be unemployed after UBS bends them over.