Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 405

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 405
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 interests, rights and warrants, and senior loans for which the fair value option has been elected.

Realized Gain (Loss) on Investments. The Company recognizes the excess, or deficiency, of net proceeds received, less the carrying value of such investments, as realized gains or losses, respectively. The Company reverses cumulative, unrealized gains or losses previously reported in its Consolidated Statements of Operations on both the Successor and Predecessor basis with respect to the investment sold at the time of the sale.

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Real Estate Investments Statistics

As of December 31, 2023, the Company was invested in two retail properties and one office and hospitality property (excluding investments in undeveloped land), as listed below:

| Property Name     
 White Rock Center |     | Rentable Square 
 Footage         
 (in thousands)  |    82,793 |     | Property Type        
 Retail               |    | Date      
 Acquired  
 6/13/2013 |     | Average Effective Monthly     
 Occupied Rent Per Square Foot 
 (1) as of                     
 December 31,                  
 2023                          | 1.51 |     | % Occupied (2) as of 
 December 31,         
 2023                 | 67.7 | %    |
|:------------------|:----|:----------------|----------:|:----|:---------------------|---:|:----------|:----|:------------------------------|-----:|:----|:---------------------|-----:|:-----|
| 5916 W Loop 289   |     |                 |    30,140 |     | Retail               |    | 7/23/2013 |     | $                             |    — |     |                      |    — | %(4) |
| Cityplace Tower   |     |                 | 1,365,711 |     | Office & Hospitality | -3 | 8/15/2018 |     | $                             | 2.14 |     |                      | 51.3 | %    |
|                   |     |                 | 1,478,644 |     |                      |    |           |     |                               |      |     |                      |      |      |

| (1) | Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of December 31, 2023, minus any tenant concessions over the term of the lease,