Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 108

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 108
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 Nashville Property (“HIX Nashville Property") for $116 million.

On April 19, 2024, the REIT closed on the sale of DoubleTree property of Tigard for $10.4 million. On September 13, 2024, the REIT received an executed purchase and sale agreement for the Homewood Suites Plano property in the amount of $8.3 million. The sale is expected to occur within the next 12 months.

Investment in Life Sciences II

On September 11, 2023, the REIT acquired $2.5 million worth of beneficial interests in Life Sciences DST. Life Sciences DST owns a manufacturing and production facility in Philadelphia, PA that is under a triple net lease. On January 4, 2024 the REIT acquired an additional $2.5 million worth of beneficial interests in the investment. It is anticipated that NHT will receive an annual dividend between 4.36% and 4.83% on this investment over the next five years. The REIT believes that the cGMP Industry / life sciences manufacturing industry presents an attractive investment opportunity for the REIT on account of (i) growth in the life sciences space; (ii) the benefits of operating a niche, net-lease business; and (iii) the potential for more predictable, steady cash flows and risk adjusted returns.

Information with Respect to NXDT

NXDT is a Delaware statutory trust and has elected to be taxed as a real estate investment trust. Substantially all of NXDT’s business is conducted through NXDT OP, NXDT’s operating partnership. NXDT conducts its business through NXDT OP and its wholly owned TRSs. NXDT’s wholly owned subsidiary, NexPoint Diversified Real Estate Trust OP GP, LLC, is the sole general partner of NXDT OP. As of September 30, 2024, there were 2,000 partnership units of NXDT outstanding, of which 100.0% were owned by NXDT.

On July 1, 2022, the SEC issued the Deregistration Order declaring that NXDT has ceased to be an investment company under the Investment Company Act. The issuance of the Deregistration Order enabled NXDT to proceed with full implementation of its new business mandate to operate as a diversified real estate investment trust that focuses primarily on investing in various commercial real estate property types and across the capital structure, including but not limited to equity, mortgage debt, mezzanine debt and preferred equity.

NXDT was