Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 48

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 48
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 Homewood SuitesThe Company sold its held for sale property, Las Colinas Homewood Suites, on April 8, 2025, for a sales price of approximately $14.0 million.Held for Sale, Addison PropertyThe Company sold its held for sale property, Addison Property, on April 18, 2025, for a sales price of approximately $6.4 million.ACORE Debt PaydownOn April 8, 2025, the Company paid down $9.2 million and $4.4 million on the Note A Loan and Note B Loan, respectively. On April 18, 2025, the Company paid down $5.4 million and $2.6 million on the Note A Loan and Note B Loan, respectively. Issuance of Common Shares to AdviserOn May 15, 2025, the Company issued 298,883.28 common shares to the Adviser as payment of a portion of the monthly Advisory Fees pursuant to the Advisory Agreement.NHT MergerOn April 17, 2025, the NHT Merger was completed and NHT was formally dissolved, and its subsidiary entities were merged with and into entities owned, directly or indirectly, by NXDT. This transaction was consummated pursuant to the NHT Merger Agreement previously announced by both companies.NexBank Revolver ExtensionOn May 15, 2025, the Company amended the NexBank Revolver agreement to extend the maturity date to November 21, 2025, and to provide for three additional six-month extension options.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion and analysis of our financial condition and our historical results of operations. The following should be read in conjunction with our financial statements and accompanying notes included herein and with our 2024 Annual Report. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those projected, forecasted, or expected in these forward-looking statements as a result of various factors, including, but not limited to, those discussed below and elsewhere in this Quarterly Report. See “Cautionary Statement Regarding Forward-Looking Statements” in this Quarterly Report and “Risk Factors” in Part I, Item 1A, “Risk Factors” of our 2024 Annual Report.