Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 107

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 107
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  |  1990/2018 |   136 |
| Marriott               | St. Petersburg, Florida | St. Pete        | Upper Upscale  | Full-Service   |  2001/2021 |   209 |
| Total Rooms:           |                         |                 |                |                |            | 1,045 |

NHT’s typical hotel management agreement requires us to pay a base fee to the hotel manager calculated as a percentage of hotel revenues. In addition, NHT’s hotel management agreements generally provide that the hotel manager can earn an incentive fee for revenue or EBITDA over certain thresholds or based on a return over our required preferred return.

NHT’s TRS Entities may employ other hotel managers in the future. NHT does not have any ownership or economic interest in any of the hotel management companies engaged by the TRS Entities.

NHT continuously considers ways in which to refine NHT’s portfolio of properties to drive revenue growth and create value for Unitholders. In the normal course of business, NHT evaluates opportunities to acquire additional real estate properties that meet our investment criteria and opportunities to recycle capital through the disposition of properties. As such, the composition and size of NHT’s portfolio of properties may change materially over time.

The Initial Portfolio was comprised of 11 properties: the HGI Property, DT Beaverton Property, DT Bend Property, DT Olympia Property, DT Tigard Property, DT Vancouver Property, HWS Plano Property, HWS Addison Property, HWS Irving Property, Marriott St. Pete Property, and the Holiday Inn Nashville Property.

NHT’s current portfolio includes the Initial Portfolio and the Park City and Bradenton properties, which were acquired in February 2022, minus the DT Beaverton, DT Bend, and DT Vancouver properties which were sold in 2022, the DT Olympia property and Nashville Holiday Inn Express, which were sold in 2023 and the DT Tigard property which was sold on April 19, 2024.

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Acquisitions

During the nine months ended September 30, 2024 and 2023, there were no acquisitions of real property.

Dispositions

The REIT sold the DoubleTree properties of Vancouver, Beaverton and Bend in 2022. On June 29, 2023, the REIT sold the DT Olympia property for $12.8 million, and on December 13, 2023, the REIT sold the Holiday Inn Express