false 0001356115 0001356115 2024-08-02 2024-08-02 0001356115 nxdt:CommonShares0001ParValue0001PerShareCustomMember 2024-08-02 2024-08-02 0001356115 nxdt:SeriesACumulativePreferredSharesParValue0001PerShare550CustomMember 2024-08-02 2024-08-02
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): August 2, 2024
 
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
(Exact Name Of Registrant As Specified In Charter)
     
Delaware
001-32921
80-0139099
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
300 Crescent Court, Suite 700
Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
 
Registrant’s telephone number, including area code: (214) 276-6300
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange
on which registered
Common Shares, $0.001 par value $0.001 per share
 
5.50% Series A Cumulative Preferred Shares, par value $0.001 per share ($25.00 liquidation preference per share)
  
NXDT
 
NXDT-PA
  
New York Stock Exchange
 
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 1.01. Entry into a Material Definitive Agreement.
 
White Rock Center Loan
 
On August 2, 2024, NexPoint Diversified Real Estate Trust (the “Company”), through Freedom LHV, LLC (“Freedom LHV”), an indirect subsidiary of the Company, entered into a loan agreement with The Ohio State Life Insurance Company (“OSL”), an entity that may be deemed an affiliate of the Company’s external adviser through common beneficial ownership, pursuant to which OSL provided a loan to Freedom LHV in the aggregate principal amount of $10 million (the “OSL Loan”). The OSL Loan bears interest at 10.0% per annum, is payable monthly, and matures on August 2, 2029.
 
The OSL Loan is secured by certain real property held by Freedom LHV and is guaranteed by the Company. The loan agreement contains customary events of default, including defaults in the payment of principal or interest, defaults in compliance with the covenants contained therein, defaults in payments under any other security instrument, and bankruptcy or other insolvency events.
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
 
 
 
 
 
 
/s/ Brian Mitts
 
 
Name:
Brian Mitts
 
 
Title:
Chief Financial Officer, Executive VP-
Finance, Treasurer and Assistant Secretary
 
 
 
Date: August 8, 2024
 
 
 
v3.24.2.u1
Document And Entity Information
Aug. 02, 2024
Document Information [Line Items]  
Entity, Registrant Name NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Document, Type 8-K
Document, Period End Date Aug. 02, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-32921
Entity, Tax Identification Number 80-0139099
Entity, Address, Address Line One 300 Crescent Court
Entity, Address, Address Line Two Suite 700
Entity, Address, City or Town Dallas
Entity, Address, State or Province TX
Entity, Address, Postal Zip Code 75201
City Area Code 214
Local Phone Number 276-6300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001356115
CommonShares0001ParValue0001PerShare Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Shares, $0.001 par value $0.001 per share
Trading Symbol NXDT
Security Exchange Name NYSE
SeriesACumulativePreferredSharesParValue0001PerShare550 Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security 5.50% Series A Cumulative Preferred Shares, par value $0.001 per share
Trading Symbol NXDT-PA
Security Exchange Name NYSE
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