Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 391

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 391
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(304)— — (304)Haygood, LLC.LLC Units— (31)— — (31)VineBrook Homes Operating Partnership, L.P.Partnership Units146,516 (27,463)— 4,318 (23,145)NexPoint Real Estate Finance Operating Partnership, L.P.Partnership Units76,688 (682)— 11,686 11,004 NexPoint SFR Operating Partnership, L.P.Partnership Units49,383 (5,308)— 1,813 (3,495)NexAnnuity Holdings, Inc.Preferred Shares66,268 — — 1,768 1,768 NexPoint Storage Partners Operating Company, LLCPromissory Note5,000 — — 39 39 NexPoint SFR Operating Partnership, L.P.Promissory Note500 — — 8 8 Total$540,144 $(112,717)$624 $28,617 $(83,476)

15. 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 December 31, 2024. As of December 31, 2024, the outstanding NSP Series D Preferred Stock accrued dividends were $11.9 million. See Note 14 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 the Citi Loan Agreement). The Guaranteed Obligations consist of liability for losses suffered by the Citi Lender arising out