Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 656

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 656
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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 ColinasUpscaleExtended Stay1990/2018136MarriottSt. Petersburg, FloridaSt. Pete PropertyUpper UpscaleFull-Service2001/2021209Total Rooms:1,045

(1)    As of December 31, 2024 this property was held-for-sale.

Each of the hotel properties in the NHT segment is encumbered by a mortgage securing the payment of debt of $112.2 million by NHT.

For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.

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Item 3. Legal Proceedings

From time to time, we are party to legal proceedings that arise in the ordinary course of our business. Management is not aware of any legal proceedings of which the outcome is reasonably likely to have a material adverse effect on our results of operations or financial condition, nor are we aware of any such legal proceedings contemplated by government agencies.

Item 4. Mine Safety Disclosures

Not applicable.

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PART II — OTHER INFORMATION

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity