Residential Trust, Inc. NXRT (“NXRT” or the “Company”) stated today that James Dondero alongside Arthur Laffer have been chosen as members of the company’s ‘board of directors’. Mr. Dondero was also chosen as Board’s Chairman while Mr. Laffer was chosen as Compensation Committee Chairman. Brian Mitts, Chief Financial Officer of NXRT stated that Mr. Dondero is their co-founder with more than 30 years of verified industry experience, while Mr. Laffer is among the industry’s greatest productive minds. Brian also said that they were thrilled to have such a great opportunity to include these 2 first-class individuals into their ‘board of directors’ and they anticipate to see the added worth as well professionalism they are able to bring to their team. James Dondero works as the Organization’s President. He is furthermore the co-founder as well as Highland Capital Management, L.P., president, founder plus president of NextPoint Advisors, L.P. alongside chairman of NexBank, and an associated bank, which is mainly owned by Mr. Dondero. Highland Capital Management, NextPoint Advisors as well as NexBank are all associates of NextPoint Real Estate Advisors, the Organization’s Advisor. Mr. Dondero co-established Highland Capital Management in 1993 with Mark Okada. Highland alongside its associates presently manages about $21 billion in property as of March 31, 2015. Mr. Dondero has more than 30-years’ experience participating in credit plus equity markets as well as facilitated the invention of new credit property classes. Before establishing Highland, Mr. Dondero worked as Chief Investment Officer of Protective Life’s GIC subsidiary as well as helped develop the company from theory to at least $2 billion between 1989 and 1993. His portfolio administration experience features mortgage-backed securities, venture grade corporates, leveraged bank credits, evolving markets, derivatives, preferred shares plus common stocks. Dr. Arthur Laffer on the other hand is the founder as well as Laffer Associate chairman, a financial research plus consulting firm. A former affiliate of President Reagan’s Economic Policy Advisory Board in 1980s. Dr. Laffer’s economic expertise and influence have awarded him the merit in majority of publications as ‘The Father of Supply-Side Economics’. He has worked on a number of ‘boards of directors’ of public as well as private corporations, comprising of staffing firm MPS Group, Inc. that was traded to Adecco Group for $1.3 billion in 2009. Dr. Laffer was formerly an adviser to William Simon, the Secretary of the Treasury; Donald Rumsfeld, the Secretary of Defense; and George Shultz, the Secretary of the Treasury. In early 1970s, Dr. Laffer was the pioneer title-holder of ‘Chief Economist at the Office of Management and Budget’ (OMB) under Mr. Schultz. Furthermore, Dr. Laffer was earlier the Distinguished University Professor at Pepperdine University as well as affiliate of Pepperdine ‘Board of Directors’.