About Us

NPRC is a yield-oriented REIT seeking assets that deliver strong current cash flow. Since 2012, NPRC and its predecessors have invested more than $1.3 billion of equity alongside established operating partners in 110 properties, with a particular focus on broadly-tenanted properties including multifamily and student housing properties in the United States.  

NPRC is a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC), a publicly-traded investment firm with $7.9 billion¹ in capital under management as of March 31, 2024. 

For more information, visit www.prospectstreet.com.

(1) Total assets as of 3/31/2024.

mULTIFAMILY TRACK RECORD

Investment Strategies

Property Type

NPRC has a sector-based investment strategy where occupancy risk is mitigated by a diverse tenant base:

  • Class B, garden-style, and mid-rise properties with value-add potential, at prices below replacement cost

  • Self-storage, student housing, senior housing, skilled nursing, assisted living, and rehabilitation centers

Sponsor Partner Profile

Established property/asset management companies with:

►Capital available to co-invest 

►Confirmed track record of producing strong investor returns relative to benchmarks

Portfolio