A Dallas investment firm just dropped $13 million on a bundle of rental townhomes in Raleigh’s Brier Creek neighborhood, adding one more big institutional player to the Triangle’s suburban housing scene.
According to the Triangle Business Journal, the buyer is Dallas-based NexPoint Residential Trust, which closed on the Brier Creek townhome community this week for $13 million. The outlet reported on Feb. 25, 2026, that the deal was structured as a package sale of leased townhomes in the Brier Creek submarket.
Who Bought The Homes
NexPoint Residential Trust is a publicly traded REIT headquartered in Dallas that focuses on middle-income multifamily and single-family rental investments, according to the company. In a Feb. 24 earnings release, NexPoint described its value-add strategy and noted that it completed thousands of unit upgrades in 2025, directing readers to the release for additional detail on that work.
The firm has been busy in North Carolina this year, including a Jan. 29 purchase in Greensboro reported by Multi-Housing News. Against that backdrop, a Brier Creek package fits neatly into the company’s stated portfolio goals.
How The Sale Fits A Bigger Trend
Institutional buyers have been steadily scooping up rental housing across the Triangle, concentrating ownership in the hands of a relatively small group of national firms. A report highlighted by Yahoo News, using data from the Private Equity Stakeholder Project, found that investors now own roughly 35 percent of rental units in the Raleigh-Cary metro area, a level of consolidation that housing advocates and policymakers say has intensified affordability worries.
What It Could Mean Locally
Supporters of institutional ownership point out that large investors can bring professional management and money for upgrades. Critics counter that those same upgrades can drive rents higher and shrink the pool of locally owned rentals. NexPoint’s public filing notes that the company completed 1,767 full or partial unit upgrades in 2025 and reported measurable rent premiums tied to those renovations, according to its Feb. 24 release.
The Triangle Business Journal coverage of the Brier Creek sale did not include any specific plan from the buyer for repositioning the property, so the near-term impact on tenants will hinge on whatever NexPoint announces next.
Triangle Business Journal first reported the transaction and detailed the terms of the sale. Public filings and local property records are expected to show which addresses were included in the package, and whether NexPoint pursues renovations or other changes that could affect Brier Creek residents.
