Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 104

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 104
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 subsidiaries, received approximately $2.5 million of SFR OP Units through continued participation in the SFR OP distribution reinvestment plan. As of December 31, 2024, Old NXDT owns approximately 30.8% of the outstanding SFR OP Units, $21.5 million in outstanding principal balance of SFR OP Convertible Notes and $0.5 million of the SFR OP Promissory Note. As of December 31, 2024, the fair value of the SFR OP Units owned by Old NXDT was approximately $37.9 million, the fair value of the SFR OP Convertible Notes was approximately $20.8 million and the fair value of the SFR Promissory Note was approximately $0.5 million.

NexPoint Residential Trust, Inc.

Old NXDT holds approximately 0.38% of the outstanding common stock of NXRT, a publicly traded multifamily REIT advised by an affiliate of the Adviser. Old NXDT’s fair value measurement of this investment as of December 31, 2024 was approximately $4.0 million.

NexPoint Storage Partners, Inc.

In November 2020, Old NXDT’s preferred stock investment in Jernigan Capital, Inc. was converted into common shares of NSP, a privately owned self-storage REIT indirectly managed by an affiliate of the Adviser, as part of a transaction where affiliates of the Adviser took Jernigan Capital, Inc. private. Old NXDT owns 52.8% of the outstanding common stock of NSP. As of December 31, 2024, the fair value of the common shares of NSP owned by Old NXDT was approximately $62.7 million.

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NexPoint Storage Partners Operating Company, LLC

On November 9, 2023, Old NXDT, directly or through one or more subsidiaries contributed approximately $5.0 million to the NSP OC in exchange for a promissory note in the principal amount of $5.0 million made by NexPoint Storage Partners Operating Company, LLC (the “NSP OC”) (the “NSP OC Promissory Note”). The NSP OC Promissory Note has a maturity date of May 8, 2024 and accrues interest at a fixed rate of 5.32% per annum. As of December 31, 2024, Old NXDT owns 47,064 units, or 29.