Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 268

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 268
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 of the subject matter, no material changes in the Information, or in factors surrounding the Proposed Transaction or any part thereof, which would have, or other material intervening event which would reasonably be expected to have, a material effect on the conclusions contained herein. |

| 5.04 | Doane Grant Thornton has not, to the best of its knowledge, been denied access by Management to any information requested by Doane Grant Thornton. |

| 5.05 | Subject to the exercise of our professional judgment, but without independent verification, we relied on the data above as accurately reflecting the results of the Trust’s operations and financial positions. In keeping with our terms of reference, we completed limited review, analysis, and corroboration of the information provided to us. We have not audited this data and express no opinion or other form of assurance regarding its accuracy or fairness of presentation. |

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| 6.0 | NexPoint Hospitality Trust overview |

| 6.02 | The hotel properties comprise 1,045 rooms throughout the U.S. in the full-service, select-service, limited service and extended stay hospitality categories. Each property has a long-term franchise agreement with Marriott, Hyatt or Hilton sponsored brands. The Trust’s portfolio of hotels is summarized below. |

| 6.03 | On September 11, 2023, NHT acquired $2.5 million worth of beneficial interests in Life Sciences DST, a Delaware statutory trust. On January 4, 2024, NHT acquired an additional $2.5 million worth of beneficial interests in the investment. Life Sciences DST owns two life sciences industrial properties located in Philadelphia, PA, that are under triple net lease. |

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Historical trading price

| 6.05 | NHT’s unit price decreased from a high of $5.25 on July 26, 2019 to $0.015 on November 22, 2024. Average daily volume of the Trust during year-to-date 2024 is approximately 109 units. NHT’s float is approximately 21% as of November 22, 2024. As of the close of market on November 22, 2024, the Trust had a market capitalization of approximately $440,000 and 29,352,055 units outstanding. |

| 6.06 | The proposed Consideration represents a premium of 2300% to the spot price of the