Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 42

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 42
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, LLCLLC Units— — — — — Allenby, LLCLLC Units— (1)— — (1)Haygood, LLC.LLC Units— — — — — VineBrook Homes Operating Partnership, L.P.Partnership Units145,433 (2,547)— 1,465 (1,082)NexPoint Real Estate Finance Operating Partnership, L.P.Partnership Units69,920 (6,768)— 2,435 (4,333)NexPoint SFR Operating Partnership, L.P.Partnership Units47,676 (2,324)— 617 (1,707)NexAnnuity Holdings, Inc.Preferred Shares65,864 — — 1,296 1,296 NexPoint Storage Partners Operating Company, LLCPromissory Note4,986 (14)— 67 53 NexPoint SFR Operating Partnership, L.P.Promissory Note500 — — 11 11 Total$526,110 $(15,676)$214 $7,387 $(8,075)

14. Commitments and Contingencies

CommitmentsOn December 8, 2022 and in connection with a restructuring of NSP, the Company, together with the NSP Co-Guarantors, as guarantors, entered into a Sponsor Guaranty Agreement in favor of Extra Space pursuant to which the Company and the NSP Co-Guarantors guaranteed obligations of NSP with respect to accrued dividends on NSP’s newly created Series D Preferred Stock and two promissory notes in an aggregate principal amount of approximately $64.2 million issued to Extra Space, which were paid in full on December 8, 2023. The NSP Series D Preferred Stock remains outstanding as of March 31, 2025. As of March 31, 2025, the outstanding NSP Series D Preferred Stock accrued dividends were $12.5 million. See Note 13 to our consolidated financial statements for additional information.On October 4, 2024, the Company entered into the Citi Guaranty for the benefit of the Citi Lender under the Citi Loan Agreement, by and among Citi Borrower and the Citi Lender. Pursuant to the Citi Guaranty, the Company guarantees the Guaranteed Obligations (as defined in