Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 781

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 781
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Item 2. Properties

The following tables provide a summary of the Company’s physical properties as of December 31, 2024: 

NXDT Segment:

68

Table of Contents

Average Effective Monthly Occupied Rent Per Square Foot (1) as of% Occupied (2) as ofProperty NameRentable Square Footage (in thousands)Property TypeDate AcquiredDecember 31,2024December 31,2024White Rock Center82,793 Retail6/13/2013$1.50 71.1 %5916 W Loop 28930,140 Retail7/23/2013$— — %(3)Cityplace1,365,711 Office, Multifamily & Hospitality8/15/2018$2.16 46.4 %1,478,644 

(1)    Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of December 31, 2024, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2024.

(2)    Percent occupied is calculated as the rentable square footage occupied as of December 31, 2024, divided by the total rentable square footage, expressed as a percentage.

(3)    The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.

The Company's ownership of Cityplace is subject to mortgage debt with an outstanding principal balance of approximately $139.9 million as of December 31, 2024. For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.

NHT Segment:

BrandLocationNameChain ScaleService ScaleYear Built/Last RenovationRoomsHilton Garden InnDallas, TexasHGI PropertyUpscaleSelect-Service1995/2016240HyattPark City, UtahPark CityUpscaleFull-Service2016122Hampton Inn & SuitesBradenton, FloridaBradentonUpscaleSelect-Service1926/2016119Homewood Suites(1)Plano, TexasHWS PlanoUpscaleExtended Stay1996/201899N/A(1)Addison, TexasAddison PropertyUpscaleExtended Stay1990/2018120Homewood Suites(1)Irving, TexasHWS Las ColinasUpscale