Company: NXDT
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001437749-25-012294
Chunk: 1

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-17
Form: 8-K
Item: Item 1.01
Chunk 1
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 a registration statement on Form S-4 (333-284099), filed by the Company with the Securities and Exchange Commission and declared effective on January 15, 2025 (the “ Registration Statement”). The information circular/prospectus contained in the Registration Statement contains additional information about the Merger Transaction, the Merger Agreement and the transactions contemplated thereby.

The foregoing description of the Merger Agreement is a summary and is qualified in its entirety by reference to the full text of the Merger Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01.

Amendment and Restatement of the Operating Partnership Agreement

Also on April 17, 2025, the general partner of the Operating Partnership entered into the Second Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “ Second Amended and Restated OP LPA”). Substantially all of the Company’s business is conducted through the Operating Partnership. The Second Amended and Restated OP LPA provides for the grant of profit interest units and revises certain tax provisions to reflect the Operating Partnership’s tax status as a partnership following the admission of additional limited partners at the closing of the Merger Transaction.

The foregoing description of the Second Amended and Restated OP LPA is a summary and is qualified in its entirety by reference to the full text of the Second Amended and Restated OP LPA, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01.

Amendment and Extension of the Cityplace Loan Agreement

On April 15, 2025, the Company, CP Tower Owner, LLC (“ CP Tower”), CP Land Owner, LLC (“ CP Land”), CP Equity Owner, LLC, CP Equity Land Owner, LLC, NexPoint Real Estate Partners, LLC (“ NexPoint Real Estate Partners”), Delphi CRE Funding LLC (“ Delphi”), ACORE Credit IV CLO Issuer 2018-1, LLC, and ACORE Capital Mortgage, LP (“ ACORE”) entered into the Limited Consent and Fourteenth Omnibus Amendment Agreement (the “ Cityplace Amendment Agreement”), amending the Loan Agreement, originally dated August 15, 2018 and subsequently amended (the “ Cityplace Loan Agreement”), pursuant to which the lenders party thereto made a loan in an original principal amount of $153.7 million to CP Tower and CP Land secured by a mortgage interest