Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 992

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 992
---
alsWhite Rock Center$1,315 $10,345 $1,921 $(101)$— $5 $13,485 5916 W Loop 2891,081 2,938 — — — — 4,019 Cityplace Tower18,812 192,930 9,058 (6,669)19,177 357 233,665 NexPoint Dominion Land, LLC26,500 — — — — — 26,500 47,708 206,213 10,979 (6,770)19,177 362 277,669 Accumulated depreciation and amortization— (13,490)(6,798)2,203 — (237)(18,322)Total Operating Properties$47,708 $192,723 $4,181 $(4,567)$19,177 $125 $259,347 Depreciation expense was $13.6 million for the year ended December 31, 2024 and $9.4 million for the year ended December 31, 2023. Amortization expense related to the Company’s intangible lease assets was $1.6 million for the year ended December 31, 2024 and $3.9 million for the year ended December 31, 2023. Amortization expense related to the Company's intangible lease liabilities was $1.4 million for the year ended December 31, 2024 and $1.5 million for the year ended December 31, 2023. The net amount amortized as an increase to rental revenue for capitalized above and below-market lease intangibles was $1.0 million for the year ended December 31, 2024 and $1.2 million for the year ended December 31, 2023.

116

AcquisitionsDuring the year ended December 31, 2024, as a result of the NHT Acquisition, the Company consolidated the following properties: Dallas Hilton Garden Inn, Addison Property, Plano Homewood Suites, Las Colinas Homewood Suites, St. Petersburg Marriott, Hyatt Place Park City, Bradenton Hampton Inn & Suites. There were no acquisitions by the Company for the year ended December 31, 2023.

6. Debt

The following table contains summary information of the Company’s debt as of December 31,