Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 107

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 107
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 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. (“NREF OP”). As of December 31, 2024, the fair value of Old NXDT’s holdings of NREF was approximately $33.0 million, and the fair value of Old NXDT’s holdings of the NREF OP was $76.4 million.

NexPoint SFR Operating Partnership, L.P.

On June 8, 2022, Old NXDT, directly or through one or more subsidiaries, contributed $25.0 million to the newly formed NexPoint SFR Operating Partnership, L.P. (the “SFR OP”) in exchange for common units of the SFR OP (“SFR OP Units”). Additionally, on June 8, 2022, Old NXDT, directly or through one or more subsidiaries, loaned $25.0 million to the SFR OP in exchange for $25.0 million of 7.50% convertible notes of the SFR OP (“SFR OP Convertible Notes”) that are interest only during the term and mature on June 30, 2027. The SFR OP is a subsidiary of NXHT, a private SFR REIT managed by an affiliate of the Adviser. Subsequent to June 8, 2022 and through December 31, 2022, Old NXDT, directly or through one or more subsidiaries, contributed approximately an additional $27.5 million to the SFR OP in exchange for SFR OP Units. Additionally, subsequent to June 8, 2022 and before December 31, 2022, Old NXDT, directly or through one or more subsidiaries, loaned an additional $5.0 million to the SFR OP in exchange for $5.0 million of SFR OP Convertible Notes.

On October 25, 2023, Old NXDT contributed approximately $0.5 million to the SFR OP in exchange for a promissory note in the principal amount of $0.5 million made by the SFR OP (the “SFR OP Promissory Note”). The SFR OP Promissory note has a maturity date of April 25, 2025 and accrues interest at a fixed rate of 8.80% per annum.