NexPoint Residential Trust Inc. entered into an interest rate swap transaction with KeyBank NA through NexPoint Residential Trust Operating Partnership LP to mitigate the risk related to its floating-rate debt.

The swap will be effective Sept. 1 and end Sept. 1, 2026.

Starting Oct. 1, the multifamily real estate investment trust will make monthly fixed-rate payments of 1.3020% calculated on a notional amount of $125.0 million, while the counterparty will be obligated to make monthly floating-rate payments based on the one-month London interbank offered rate to the company referencing the same notional amount.