On May 12, 2015, NXRT announced that two new board members were appointed. James Dondero and Arthur Laffer joined the board of directors. In a wise move, Mr. Dondero was appointed to be Chairman of the board while Mr. Laffer was appointed to be over the Compensation Committee. Dondero was chosen because he is the co-founder of NXRT and he has more than three decades of proven experience. His vast knowledge is coveted by many. By bringing such high-quality individuals onto the board, they will do nothing but add value and expertise.
Dondero has quite an eclectic resume. He is the president of NRXT and the president of Highland Capital Management and NextPoint Advisors. He is responsible for co-founding Highland Capital with his partner, Mark Okada, back in 1993. Highland is a prestigious group and they control around $21 billion in assets yearly. Because of the fact that Dondero has more than three decades of investing experience, he has helped pioneer new credit asset classes to help others.
Before he got into funding, Dondero was a CIO over Protective Life. He helped to grow the business from when it was just in the thought process to brining in revenues of over $2 billion in 1993. Though he was only there for 4 years, he made quite an impact. He has ample experience in mortgage-backed securities and preferred and common stocks. NexPoint Residential Trust uses the name NXRT on the New York Stock Exchange. They have their focus on acquiring and owning middle-income properties in larger cities. Their business is primarily in the Southeast and Southwest part of the country.
Dondero currently lives in the Dallas Texas area. This allows him to oversee all of Highland’s investment strategies and their operations. With his vast experience in credit marketing, he is one of the forerunners in the CLO or Collateralized Loan Obligation plan. He has received numerous accolades throughout his career. One award he received was in 2014 from Morningstar. He also received the Lipper Award in 2014 for floating rate opportunities.
During his school days, Dondero attended and graduated from the University of Virginia. His study was based on accounting and finance. He is classified as a CMA, or Certified Management Accountant and can use the CFA designation. It should also be noted that Dondero sits on the board for both American Banknote and MGM. He uses his time to serve on the board for Cornerstone Healthcare, CCS Medical Corp, and NexBank. Though his schedule is quite full, he gives back in as many ways as he can.
Highland Capitol is lucky to have such a talent man sitting at the head. He has been known as a business professional that has time for his employees and is never too busy to lend an ear. It’s amazing that he can fit everything in, yet he still managed to excel at whatever he puts his hands too. Perhaps this is why Dondero is such a role model for society and the business world in general.