DALLAS--NexPoint Credit Strategies Fund has announced a plan to separate its business into two separate and independent publicly traded companies: NexPoint Credit Strategies Fund (“NHF”), which will continue to operate as a non-diversified, closed-end investment company; and NexPoint Residential Trust Inc. (“NXRT”), which will acquire, own, operate and selectively develop multifamily real property.

JACKSONVILLE, FL—“In one of the largest new deals in Jacksonville's Westside market, this announcement marks our city's entry into the fast–growing energy industry,” says CBRE's Terry Quarterman.

IRVINE, CA—Investors buying rental property last quarter are getting an average annual return of 9.06%, down from an average annual return of 9.65% for the third quarter of 2013, RealtyTrac reports.