Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 102

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 102
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 Goetz’s continued compliance with existing restrictive covenants. The approximate value of the RSUs of Old NXDT that vested on the Separation Date is $113,000 and the approximate value of the aggregate RSUs of Old NXDT, NREF, NXRT and VineBrook that vested on the Separation Date is $2 million.

The Separation Agreement additionally contains, among other things, mutual non-disparagement provisions and a mutual release of claims by Mr. Goetz and Old NXDT.

In connection with the Separation Agreement, Mr. Goetz, Old NXDT, NREF, NXRT and VineBrook entered into a vesting agreement pursuant to which, among other things, the award agreements between Mr. Goetz and Old NXDT relating to his RSU grants were amended to account for his separation and accelerated vesting of a portion of his outstanding RSU grants pursuant to the Separation Agreement.

Banking Relationship with NexBank

Old NXDT holds multiple operating accounts at NexBank. A director and officer of Old NXDT also (i) is the beneficiary of a trust that indirectly owns 100% of the limited partnership interests in the parent of the Adviser and directly owns 100% of the general partnership interests in the parent of the Adviser and (ii) is a director of NexBank Capital, Inc., the holding company of NexBank, directly owns a minority of the common stock of NexBank, and is the beneficiary of a trust that directly owns a substantial portion of the common stock of NexBank.

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NexPoint Hospitality Trust Convertible Notes

As of December 31, 2024, the operating partnership of NHT has entered into several convertible notes with certain affiliates of the NHT Adviser. The fixed rate notes have rates ranging from 1.82% to 7.50% (which were market interest rates at the time of their issuance) while outstanding and mature in 20 years from their date of issuance. As of December 31, 2024, the net carrying amount of the convertible notes due to affiliates of the NHT Adviser was $51.6 million.

Related Party Investments

NexPoint Real Estate Finance, Inc.

As of December 31, 2024, Old NXDT held owns 12.0%, of NREF’s common stock and approximately 15.6% of the outstanding of units of limited partnership of NexPoint Real Estate Finance Operating Partnership, L.P. (“N