Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 463

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 463
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      | 260,056 |   |

Depreciation expense was $9.4 million for the year ended December 31, 2023 and $4.3 million for the six months ended December 31, 2022. Amortization expense related to the Company’s intangible lease assets was $3.9 million for the year ended December 31, 2023 and $2.9 million for the six months ended December 31, 2022. Amortization expense related to the Company's intangible lease liabilities was $1.5 million for the year ended December 31, 2023 and $0.7 million for the six months ended December 31, 2022. The net amount amortized as an increase to rental revenue for capitalized above and below-market lease intangibles was 1.2 million for the year ended December 31, 2023 and $0.6 million for the six months ended December 31, 2022.

Acquisitions

There were no acquisitions by the Company for the year ended December 31, 2023.

We completed one acquisition in 2022. Details of the acquisition are in the table below (dollars in thousands):

On August 9, 2022, the Company purchased undeveloped land in Plano, Texas through a wholly owned SPE, as detailed in the table below (dollars in thousands). The details of the Company’s acquisitions held by SPEs the Company consolidates for the six months ended December 31, 2022 were as follows (dollars in thousands):

| Investment Property         |     | Location     |     | Property Type |     | Date of        
 Acquisition    |     | Purchase 
 Price    |        |     | Debt |        |     | Effective 
 Ownership |     |   |
|:----------------------------|:----|:-------------|:----|:--------------|:----|:---------------|:----|:---------|-------:|:----|:-----|-------:|:----|:----------|----:|:--|
| NexPoint Dominion Land, LLC |     | Plano, Texas |     | Land          |     | August 9, 2022 |     | $        | 26,500 |     | $    | 13,250 |     |           | 100 | % |

6. Debt

Cityplace Debt

The Company has debt on its real estate property pursuant to a Loan Agreement, originally dated August 15