NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Item 2. Properties
The following tables provide a summary of the Company’s physical properties as of December 31, 2025:
Diversified Segment:
| Rentable · Average Effective MonthlyOccupied Rent Per SquareFoot (1) as of · % Occupied (2) as of | |||||||
|---|---|---|---|---|---|---|---|
| Property Name | Square Footage (in thousands) | Property Type | Date Acquired | December 31, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 |
| White Rock Center | 82,793 | Retail | 6/13/2013 | $1.62 | $1.50 | 81.4% | 71.1% |
| 5916 W Loop 289 | 30,140 | Retail | 7/23/2013 | — | — | 0.0% | 0.0% |
| Cityplace | 1,365,711 | Office, Multifamily &Hospitality (3) | 8/15/2018 | $2.05 | $2.16 | 41.2% | 46.4% |
(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, 2025, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2025.
(2)
Percent occupied is calculated as the rentable square footage occupied as of December 31, 2025, divided by the total rentable square footage, expressed as a percentage.
(3)
Cityplace is currently under redevelopment and the Company is converting part of the property into a hotel, which was still under construction as of December 31, 2025.
The Company's ownership of Cityplace is subject to mortgage debt with an outstanding principal balance of approximately $137.6 million as of December 31, 2025. For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.
Hospitality Segment:
| Brand | Location | Name | Chain Scale | Service Scale | YearBuilt/LastRenovation | Rooms |
|---|---|---|---|---|---|---|
| Hilton Garden Inn | Dallas, Texas | HGI Property | Upscale | Select-Service | 1995/2016 | 240 |
| Hyatt | Park City, Utah | Park City | Upscale | Full-Service | 2016 | 122 |
| Hampton Inn & Suites | Bradenton, Florida | Bradenton | Upscale | Select-Service | 1926/2016 | 119 |
| Marriott | St. Petersburg, Florida | St. Pete Property | Upper Upscale | Full-Service | 2001/2021 | 209 |
| Total Rooms: | 690 | |||||
The HGI Property and St. Pete Property are encumbered by mortgages securing the payment of debts of $26.4 million and $12.7 million, respectively.
The Bradenton and Park City properties are encumbered by mortgages securing the payment of debt of $38.6 million.
For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.