Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 101

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1A
Chunk 101
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Realized Gain (Loss) on Investments. The Company recognizes the excess, or deficiency, of net proceeds received, less the carrying value of such investments, as realized gains or losses, respectively. The Company reverses cumulative, unrealized gains or losses previously reported in its Consolidated Statements of Operations and Comprehensive Income (Loss) with respect to the investment sold at the time of the sale.

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Real Estate Investments Statistics

As of March 31, 2025, the NXDT segment was invested in two retail properties, and one office, multifamily and hospitality property (excluding investments in undeveloped land), and the NHT segment consisted of six hotel properties as listed below:

NXDT Segment:

Average Effective Monthly Occupied Rent Per Square Foot (1) as of% Occupied (2) as ofProperty NameRentable Square Footage(in thousands)Property TypeDate AcquiredMarch 31,2025March 31,2025White Rock Center82,793 Retail6/13/2013$1.50 71.1 %5916 W Loop 28930,140 Retail7/23/2013$— — %(4)Cityplace1,365,711 Office, Multifamily & Hospitality(3)8/15/2018$2.16 46.4 %1,478,644 

NHT Segment:

BrandLocationNameChain ScaleService ScaleYear Built/Last RenovationRoomsHilton Garden InnDallas, TexasHGI PropertyUpscaleSelect-Service1995/2016240HyattPark City, UtahPark CityUpscaleFull-Service2016122Hampton Inn & SuitesBradenton, FloridaBradentonUpscaleSelect-Service1926/2016119N/AAddison, TexasAddison PropertyUpscaleExtended Stay1990/2018120Homewood SuitesIrving, TexasHWS Las ColinasUpscaleExtended Stay1990/2018136MarriottSt. Petersburg, FloridaSt. Pete PropertyUpper UpscaleFull-Service2001/2021209Total Rooms:946

(1)Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of March 31, 2025, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of March 31, 2025.

(2)Percent occupied is calculated as the rentable square footage occupied as of March 31, 202