NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
The following table provides a summary of the Company’s physical properties as of December 31, 2023:
| Average Effective Monthly Occupied Rent Per Square Foot (1) as of · % Occupied (2) as of | ||||||
|---|---|---|---|---|---|---|
| Property Name · Rentable Square Footage (in thousands) · Property Type · Date Acquired · December 31,2023 · December 31,2023 | ||||||
| White Rock Center | 82,793 | Retail | 6/13/2013 | $1.51 | 67.7% | |
| 5916 W Loop 289 | 30,140 | Retail | 7/23/2013 | $— | —% | (3) |
| Cityplace Tower | 1,365,711 | Office & Hospitality | 8/15/2018 | $2.14 | 51.3% | |
(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, 2023, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2023.
(2) Percent occupied is calculated as the rentable square footage occupied as of December 31, 2023, 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 Tower is subject to mortgage debt with an outstanding principal balance of approximately $142.3 million as of December 31, 2023. 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.