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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Operating Real Estate Investments    
Land (including from VIEs of $20,233 and $99,803, respectively) $ 169,754 $ 165,863
Buildings and improvements (including from VIEs of $112,935 and $425,945, respectively) 781,683 733,374
Intangible lease assets (including from VIEs of $3,953 and $3,926, respectively) 3,953 5,140
Construction in progress (including from VIEs of $11 and $1,891, respectively) 2,075 2,828
Furniture, fixtures, and equipment (including from VIEs of $1,761 and $21,289, respectively) 38,856 36,616
Total Gross Operating Real Estate Investments 996,321 943,821
Accumulated depreciation and amortization (including from VIEs of $1,119 and $32,053, respectively) (70,729) (60,214)
Total Net Operating Real Estate Investments 925,592 883,607
Real estate held for sale, net of accumulated depreciation of $9,903 and $6,099, respectively (including from VIEs of $0 and $60,578, respectively) 100,091 79,430
Total Net Real Estate Investments 1,025,683 963,037
Cash and cash equivalents (including from VIEs of $314 and $9,394, respectively) 26,254 22,705
Restricted cash (including from VIEs of $1,181 and $22,387, respectively) 29,447 32,556
Accounts receivable (including from VIEs of $120 and $2,009, respectively) 2,186 3,008
Prepaid and other assets (including from VIEs of $193 and $905, respectively) 3,070 1,678
Fair market value of interest rate swaps 11,941 12,413
TOTAL ASSETS 1,098,581 1,035,397
LIABILITIES AND EQUITY    
Mortgages payable, net (including from VIEs of $81,052 and $306,235, respectively) 711,752 367,453
Mortgages payable held for sale, net (including from VIEs of $0 and $47,421, respectively) 77,034 55,685
Credit facilities, net 29,764 310,492
Bridge facility, net 65,612 29,874
Accounts payable and other accrued liabilities (including from VIEs of $103 and $2,232, respectively) 4,956 5,551
Accrued real estate taxes payable (including from VIEs of $718 and $2,724, respectively) 8,600 6,534
Accrued interest payable (including from VIEs of $0 and $855, respectively) 601 1,067
Security deposit liability (including from VIEs of $154 and $774, respectively) 1,464 1,364
Prepaid rents (including from VIEs of $71 and $728, respectively) 1,566 1,275
Obligation to issue operating partnership units [1] 2,000  
Total Liabilities 903,349 779,295
NexPoint Residential Trust, Inc. stockholders' equity:    
Preferred stock, $0.01 par value: 100,000,000 shares authorized; 0 shares issued
Common stock, $0.01 par value: 500,000,000 shares authorized; 21,293,825 shares issued 213 213
Additional paid-in capital 211,729 241,450
Accumulated deficit (20,242) (14,584)
Accumulated other comprehensive income 8,119 9,052
Common stock held in treasury at cost; 250,156 shares (4,587) (4,587)
Noncontrolling interests   24,558
Total Equity 195,232 256,102
TOTAL LIABILITIES AND EQUITY $ 1,098,581 $ 1,035,397
[1] Common units of the Company’s operating partnership were issued on August 1, 2017 (see Notes 2 and 10).