Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1807

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1807
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.40 million for the six months ended June 30, 2024, compared to $0.03 million for the six months ended June 30, 2023, which was an increase of approximately $0.37 million. The increase between the periods was attributed to the NHT consolidation.

Expenses

Property operating expenses. Property operating expenses were $8.3 million for the six months ended June 30, 2024, compared to $4.0 million for the six months ended June 30, 2023, which was an increase of approximately $4.3 million. The increase between the periods was primarily due to the NHT consolidation.

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Property management fees.Property management fees were $0.4 million for the six months ended June 30, 2024, compared to $0.4 million for the six months ended June 30, 2023.

Real estate taxes and insurance. Real estate taxes and insurance costs were $3.0 million for the six months ended June 30, 2024, compared to $2.7 million for the six months ended June 30, 2023, which was an increase of approximately $0.3 million. Real estate taxes and insurance expenses consist primarily of expenses from our investment in Cityplace Tower. The increase between the periods was primarily due to the consolidation of NHT.

Advisory and administrative fees. For the six months ended June 30, 2024, the Company incurred administrative fees and advisory fees of $6.7 million. For the six months ended June 30, 2023, the Company incurred administrative fees and advisory fees of $5.2 million, inclusive of $2.0 million in expenses that were waived and cannot be recouped by the Adviser. The Expense Cap expired on June 30, 2023. The increase between the six months ended June 30, 2024 and the six months ended June 30, 2023, is primarily attributed to the addition of fees paid to the NHT Adviser pursuant to the NHT Advisory Agreement from the NHT Acquisition.

Property general and administrative expenses.Property general and administrative expenses were $2.9 million for the six months ended June 30, 2024, compared to $1.8 million for the six months ended June 30, 2023, which was an increase of approximately $1.1 million. The increase between the periods is