Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1673

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1673
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 insurance. Real estate taxes and insurance costs were $1.6 million for the three months ended September 30, 2024, compared to $1.4 million for the three months ended September 30, 2023, which was an increase of approximately $0.2 million. Real estate taxes and insurance expenses consist primarily of expenses from our investment in Cityplace Tower. The increase between the periods was primarily due to the consolidation of NHT.

Advisory and administrative fees. For the three months ended September 30, 2024, the Company incurred administrative fees and advisory fees of $4.0 million. compared to $3.5 million for the three months ended September 30, 2023. The increase between the three months ended September 30, 2024 and the three months ended September 30, 2023, is primarily attributed to an increase in total assets used to calculate the administrative and advisory Fees, as well as an addition in fees paid to the NHT Adviser pursuant to the NHT Advisory Agreement from the NHT Acquisition.

Property general and administrative expenses.Property general and administrative expenses were $2.1 million for the three months ended September 30, 2024, compared to $0.8 million for the three months ended September 30, 2023, which was an increase of approximately $1.3 million. The increase between the periods is primarily attributed to the consolidation of NHT. Property general and administrative expenses consist primarily of expenses from our investment in Cityplace Tower and NHT properties.

Corporate general and administrative expenses. Corporate general and administrative expenses were $2.8 million for the three months ended September 30, 2024, compared to $1.7 million for the three months ended September 30, 2023, which was an increase of approximately $1.1 million. The increase between the periods was primarily due to the consolidation of NHT.

Conversion expenses. Conversion expenses were $0.0 million for the three months ended September 30, 2024, compared to $0.0 million for the three months ended September 30, 2023, which was a decrease of approximately $0.0 million.

Depreciation and amortization. Depreciation and amortization costs were $4.5 million for the three months ended September 30, 2024, compared to $3.8 million for the three months ended September 30, 2023, which was an increase of approximately $0.7