COMBINED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Operating Real Estate Investments
Land (including from VIEs of $163,462 and $127,740, respectively)	$ 177,152	$ 129,320
Buildings and improvements (including from VIEs of $642,936 and $479,904, respectively)	729,675	488,260
Intangible lease assets (including from VIEs of $0 and $17,594, respectively)	2,573	17,884
Construction in progress (including from VIEs of $5,070 and $6,530, respectively)	5,346	6,530
Furniture, fixtures, and equipment (including from VIEs of $25,715 and $7,887, respectively)	28,009	8,320
Total Gross Operating Real Estate Investments	942,755	650,314
Accumulated depreciation and amortization (including from VIEs of $36,112 and $21,110, respectively)	(39,873)	(21,788)
Total Net Operating Real Estate Investments	902,882	628,526
Cash and cash equivalents (including from VIEs of $13,271 and $11,869, respectively)	16,226	12,662
Restricted cash (including from VIEs of $43,500 and $47,192, respectively)	46,869	47,817
Accounts receivable (including from VIEs of $1,517 and $1,135, respectively)	2,122	1,151
Prepaid and other assets (including from VIEs of $1,724 and $2,546, respectively)	1,961	2,569
Deferred financing costs, net (including from VIEs of $5,484 and $4,535, respectively)	6,213	4,632
TOTAL ASSETS	976,273	697,357
LIABILITIES AND EQUITY
Bridge facility	29,000
Mortgages payable (including from VIEs of $615,187 and $480,976, respectively)	682,342	486,976
Accounts payable and other accrued liabilities (including from VIEs of $4,049 and $5,513, respectively)	5,106	5,642
Accrued real estate taxes payable (including from VIEs of $5,723 and $3,692, respectively)	6,057	3,859
Accrued interest payable (including from VIEs of $1,332 and $1,006, respectively)	1,462	1,031
Security deposit liability (including from VIEs of $1,277 and $1,484, respectively)	1,544	1,513
Prepaid rents (including from VIEs of $1,633 and $760, respectively)	1,824	792
Due to affiliates		20
Total Liabilities	$ 727,335	499,833
Invested Equity		$ 176,549
NexPoint Residential Trust, Inc. stockholders' equity:
Preferred stock, $0.01 par value: 100,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2015 and 2014
Common stock, $0.01 par value: 500,000,000 shares authorized; 21,293,825 and 0 shares issued and outstanding as of December 31, 2015 and 2014, respectively	$ 213
Additional paid-in capital	240,625
Accumulated deficit	(18,593)
Accumulated other comprehensive loss	(697)	$ (306)
Noncontrolling interests	27,390	21,281
Total Equity	248,938	197,524
TOTAL LIABILITIES AND EQUITY	$ 976,273	$ 697,357