Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 278

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 278
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 not believe are reasonably likely to materially affect the Company, including its business strategy, results of operations or financial condition. However, the risk of cybersecurity threats could be significant if the cyber-attack disrupts the Company’s critical operations, service or financial systems. See “Risk Factors - We are highly dependent on information technology and security breaches or systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our securities and our ability to pay distributions”.

Item 2. Properties

The following tables provide a summary of the Company’s physical properties as of December 31, 2024: 

NXDT Segment:

68

Average Effective Monthly Occupied Rent Per Square Foot (1) as of% Occupied (2) as ofProperty NameRentable Square Footage (in thousands)Property TypeDate AcquiredDecember 31,2024December 31,2024White Rock Center82,793 Retail6/13/2013$1.50 71.1 %5916 W Loop 28930,140 Retail7/23/2013$— — %(3)Cityplace1,365,711 Office, Multifamily & Hospitality8/15/2018$2.16 46.4 %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, 2024, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2024.

(2)    Percent occupied is calculated as the rentable square footage occupied as of December 31, 2024, divided by the total rentable square footage, expressed as a percentage.

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

The Company's ownership of Cityplace is subject to mortgage debt with an outstanding principal balance of approximately $139.9 million as of December 31, 2024. For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.

NHT Segment:

BrandLocationNameChain ScaleService ScaleYear Built/Last RenovationRoomsHilton Garden InnDallas, TexasHGI PropertyUpscaleSelect-Service1995/2016240HyattPark City, UtahPark City