NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Item 2. Properties
The following tables provide a summary of the Company’s physical properties as of December 31, 2024:
NXDT Segment:
| 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 31,2024 · December 31,2024 | ||||||
| White Rock Center | 82,793 | Retail | 6/13/2013 | $1.50 | 71.1% | |
| 5916 W Loop 289 | 30,140 | Retail | 7/23/2013 | $— | —% | (3) |
| Cityplace | 1,365,711 | Office, Multifamily & Hospitality | 8/15/2018 | $2.16 | 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, 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:
| Brand · Location · Name · Chain Scale · Service Scale · Year Built/Last Renovation · 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 | |
| Homewood Suites | (1) | Plano, Texas | HWS Plano | Upscale | Extended Stay | 1996/2018 | 99 |
| N/A | (1) | Addison, Texas | Addison Property | Upscale | Extended Stay | 1990/2018 | 120 |
| Homewood Suites | (1) | Irving, Texas | HWS Las Colinas | Upscale | Extended Stay | 1990/2018 | 136 |
| Marriott | St. Petersburg, Florida | St. Pete Property | Upper Upscale | Full-Service | 2001/2021 | 209 | |
| Total Rooms: | 1,045 | ||||||
(1) As of December 31, 2024 this property was held-for-sale.
Each of the hotel properties in the NHT segment is encumbered by a mortgage securing the payment of debt of $112.2 million by NHT.
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.