Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 950

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 950
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, 2024, the net carrying amount of the convertible notes due to affiliates of the NHT Adviser was $50.2 million.

89

Obligations, Commitments and Investment Opportunities

The following table summarizes our contractual obligations and commitments as of December 31, 2024 for the next five calendar years subsequent to December 31, 2024.

Payments Due by Period (in thousands)Total20252026202720282029ThereafterProperty Level DebtPrincipal payments$275,417 $265,417 $— $— $— $10,000 $— Interest expense8,522 4,933 1,000 1,000 1,000 589 — Total$283,939 $270,350 $1,000 $1,000 $1,000 $10,589 $— Prime Brokerage BorrowingPrincipal payments$1,222 $— $— $— $— $— $1,222 (1)Interest expense295 59 59 59 59 59 — (1)Total$1,517 $59 $59 $59 $59 $59 $1,222 Series A Preferred SharesDistribution paymentsN/A(2)$4,618 $4,618 $4,618 $4,618 $4,618 N/A(2)Credit FacilityPrincipal payments$85,471 $27,485 $— $20,500 $— $— $37,486 Interest expense27,785 3,801 2,541 1,574 1,413 1,413 17,043 Total$113,256 $31,286 $2,541 $22,074 $1,413 $1,413 $54,529 Total contractual obligations and commitments$398,712 $306,313 $8,218 $27,751 $7,090 $16,679 $55,751 

(1)Assumes no additional borrowings or repayments. The Prime Brokerage (as defined below) balance has no stated maturity date.

(2)The Series A Preferred Shares are perpetual.

NXDT Advisory Agreement

As consideration for the Adviser’s services under the Advisory Agreement, we pay our Adviser the Fees