Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 350

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 350
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reciation expense was $13.6 million for the year ended December 31, 2024 and $9.4 million for the year ended December 31, 2023. Amortization expense related to the Company’s intangible lease assets was $1.6 million for the year ended December 31, 2024 and $3.9 million for the year ended December 31, 2023. Amortization expense related to the Company's intangible lease liabilities was $1.4 million for the year ended December 31, 2024 and $1.5 million for the year ended December 31, 2023. The net amount amortized as an increase to rental revenue for capitalized above and below-market lease intangibles was $1.0 million for the year ended December 31, 2024 and $1.2 million for the year ended December 31, 2023.

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AcquisitionsDuring the year ended December 31, 2024, as a result of the NHT Acquisition, the Company consolidated the following properties: Dallas Hilton Garden Inn, Addison Property, Plano Homewood Suites, Las Colinas Homewood Suites, St. Petersburg Marriott, Hyatt Place Park City, Bradenton Hampton Inn & Suites. There were no acquisitions by the Company for the year ended December 31, 2023.

6. Debt

The following table contains summary information of the Company’s debt as of December 31, 2024 and December 31, 2023 (dollars in thousands):Outstanding principal as ofDescriptionTypeDecember 31, 2024December 31, 2023Interest RateMaturity Date (8)Mortgages PayableCityPlace Note A-1 (1)Floating$99,435 $101,115 6.85 %3/7/2025CityPlace Note A-2 (1)Floating12,517 12,729 6.85 %3/7/2025CityPlace Note B-1 (1)Floating21,751 22,119 10.85 %3/7/2025CityPlace Note B-2 (1)Floating2,738 2,784 10.85 %3/7/2025CityPlace Mezz Note-1 (1)Floating3,107 3,160 10.85 %3/7/2025CityPlace Mezz Note-2 (