Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1247

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1247
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Contribution”):

a.NREO shall contribute, transfer and deliver to NSP OC, and NSP OC shall accept from NREO, (i) a 60% membership interest in SAFStor NREA JV - I, LLC, a Delaware limited liability company and (ii) a 60% membership interest in NREA JV - III, LLC, a Delaware limited liability company, in exchange for 47,064.35 Class B Units in NSP OC (as defined in the Second Amended and Restated Limited Liability Company Agreement of NSP OC, dated as of the date hereof (the “NSP OC LLCA”)) in NSP OC, representing 14.84% of the outstanding Common Units (as defined in the NSP OP LLCA) in NSP OC;

b.NFRO shall contribute, transfer and deliver to NSP OC, and NSP OC shall accept from NFRO, (i) a 60% membership interest in SAFStor NREA JV - IV, LLC, a Delaware limited liability company, (ii) a 60% membership interest in SAFStor NREA JV - V, LLC, a Delaware limited liability company, (iii) a 65% membership interest in SAFStor NREA JV - VI, LLC, a Delaware limited liability company, (iv) a 65% membership interest in SAFStor NREA JV - VII, LLC, a Delaware limited liability company and (v) a 60% membership interest in SAFStor NREA JV - VIII, LLC, a Delaware limited liability company, in exchange for 101,553.79 Class B Units in NSP OC, representing 32.02% of the outstanding Common Units in NSP OC;

c.GAF I shall contribute, transfer and deliver to NSP OC, and NSP OC shall accept from GAF I, a 65% membership interest in SAFStor NREA JV - IX, LLC, a Delaware limited liability company, in exchange for 3,924.92 Class B Units in NSP OC, representing 1.24% of the outstanding Common Units in NSP OC; and

d.GAF II shall contribute, transfer and deliver to NSP OC, and NSP OC shall accept from GAF II a 65% membership interest in SAFStor NREA JV - X, LLC, a Delaware limited liability company, in exchange for 1,888.38 Class B Units in NSP OC, representing