Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 95

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 4
Chunk 95
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6/2016119N/AAddison, TexasAddison PropertyUpscaleExtended Stay1990/2018120Homewood SuitesIrving, TexasHWS Las ColinasUpscaleExtended Stay1990/2018136MarriottSt. Petersburg, FloridaSt. Pete PropertyUpper UpscaleFull-Service2001/2021209Total Rooms:946

(1)Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of March 31, 2025, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of March 31, 2025.

(2)Percent occupied is calculated as the rentable square footage occupied as of March 31, 2025, divided by the total rentable square footage, expressed as a percentage.

(3)Cityplace is currently under development and the Company is converting part of the property into a hotel, which was still under construction as of March 31, 2025.

(4)The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.

Consolidated Results of Operations for the Three Months Ended March 31, 2025 and 2024 

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