Welcome to our dedicated page for Nexpoint Diversified Real Estate Trust news (Ticker: NXDT), a resource for investors and traders seeking the latest updates and insights on Nexpoint Diversified Real Estate Trust stock.
NexPoint Diversified Real Estate Trust (NXDT) provides investors with comprehensive access to official company announcements and market-relevant updates. This centralized resource aggregates all press releases, regulatory filings, and strategic developments for this actively managed REIT specializing in opportunistic commercial real estate investments.
Key features include: Timely updates on portfolio acquisitions, asset management strategies, and financial performance metrics. Users gain insights through earnings reports, leadership announcements, and operational milestones that reflect the company's focus on diversified commercial properties and alternative real estate investments.
This page serves investors seeking to monitor NXDT's position in competitive markets through SEC filings, dividend declarations, and partnership developments. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to primary-source information about NexPoint's investment activities, governance updates, and sector-specific performance indicators. Regular updates ensure stakeholders remain informed about this REIT's strategic approach to commercial property markets.
NexPoint Diversified Real Estate Trust (NYSE: NXDT) has announced a continuous public offering of 9.00% Series B Cumulative Redeemable Preferred Shares. The offering includes up to 16,000,000 shares at $25.00 per share, targeting gross proceeds of $400 million.
The offering is being conducted by NexPoint Securities, Inc., the Company's dealer manager, on a 'reasonable best efforts' basis. The offering will terminate when all shares are sold or by August 1, 2027, with possible extension by the board of trustees. The proceeds will fund investment opportunities and general corporate purposes.
The Series B Preferred Shares will not be listed on any national securities exchange. The offering is being conducted under the Company's effective shelf registration statement, which became effective on August 1, 2024.
NexPoint Diversified Real Estate Trust (NYSE: NXDT) and Alamo Manhattan have successfully completed a $95 million refinancing of the Marriot Dallas Uptown hotel. The financing package includes $87.5 million in initial loan proceeds to replace existing debt and two future-funded earnout facilities worth $7.5 million.
The transaction generates approximately $19 million in cash proceeds, with NXDT receiving about $15 million. Through the earnout facilities, NXDT could access an additional $6.5 million in future draws. The refinancing provides significant interest expense savings.
The 14-story, 255-key hotel, majority-owned by NXDT through AM Uptown Hotel, , is located in Dallas's Uptown neighborhood. The property features 13,000 square feet of meeting space, a rooftop pool, lounge, and ground-floor restaurant. The hotel, which opened in Q1 2021, serves business travelers by providing an affordable quality option in an area dominated by luxury hotels.
NexPoint has issued a statement criticizing United Development Funding IV (UDF IV)'s decision not to reconvene its 2024 Annual Meeting of Shareholders due to lack of quorum. NexPoint expresses deep concerns about UDF IV's governance and its handling of the proposed Ready Capital acquisition. The company calls for UDF IV to reconvene the meeting within 120 days, but only after providing complete disclosure of the Ready Capital transaction details.
Independent proxy advisory firm Glass Lewis shares NexPoint's concerns about disclosure deficiencies and transaction timing. NexPoint believes the Annual Meeting vote was closer than reported, indicating significant shareholder dissatisfaction. The company criticizes UDF IV for suppressing shareholder engagement and spending substantial shareholder funds on legal and PR efforts while avoiding accountability.
NexPoint Real Estate Opportunities announced it will not attend or vote at UDF IV's Annual Meeting on December 10, 2024, citing concerns about the recently announced merger with Ready Capital (NYSE:RC). NexPoint criticizes the timing of the merger announcement, made just eight days before the Annual Meeting, and the lack of proper disclosures for shareholders to evaluate the transaction.
The company calls for the meeting's adjournment until full disclosure is provided, arguing that UDF IV is manipulating shareholders by suggesting that voting for NexPoint's nominees equals voting against the merger. Both Glass Lewis and Egan-Jones proxy advisory firms recommend voting 'FOR' all NexPoint nominees, expressing concerns about the merger's timing and transparency.
NexPoint Real Estate Opportunities announced a video call scheduled for December 6, 2024, at 11:00 a.m. CST to update UDF IV shareholders on two key matters: the proposed acquisition by Ready Capital and the upcoming Board of Trustees election at the Annual Meeting.
The call aims to provide shareholders, financial advisors, and representatives with comprehensive information needed for informed voting at the upcoming Annual Meeting. Participants can register at udfaccountability.com/dec-6-update and submit questions in advance either through the registration link or via email at ir@nexpoint.com.
NexPoint Real Estate Opportunities has commented on the proposed acquisition of UDF IV by Ready Capital . The deal offers a potential $5.89 per share, which includes up to $75 million in contingent cash distributions, significantly below UDF IV's reported book value of $9.47 per share.
NexPoint expresses concerns about the transaction's terms and the current Board's transparency, particularly regarding withheld Disclosure Schedules material to the merger agreement. The company continues to advocate for shareholders to support NexPoint's nominees at the upcoming December 10, 2024 annual meeting, which represents the first court-ordered election of independent Trustees in over eight years.
NexPoint Hospitality Trust (NHT) announced its acquisition by NexPoint Diversified Real Estate Trust (NXDT) through a definitive merger agreement signed on November 22, 2024. Under the deal, NHT unitholders will receive either US$0.36 cash per unit or NXDT common shares equivalent to US$0.36. The transaction price represents a 2300% premium to NHT's 30-day volume weighted average price. The deal, expected to close in Q1 2025, requires approval from two-thirds of unitholders and majority of minority shareholders. NXDT currently owns approximately 82.86% of NHT's outstanding units.
NexPoint Real Estate Opportunities has issued a critical mailing to shareholders of United Development Funding IV (UDF IV) ahead of the Annual Meeting of Shareholders. The mailing highlights serious concerns about the current Board's actions, including failing to hold annual meetings for eight years, avoiding financial transparency, and using shareholder funds to pay for former executives' legal issues. NexPoint criticizes the Board for allowing the loan portfolio to become 98% concentrated with a single borrower and permitting over $100 million in loan extensions. The company urges shareholders to vote for NexPoint's nominees using their GREEN proxy materials to implement necessary changes and maximize shareholder value.
NexPoint Real Estate Opportunities provided an update on the United Development Funding IV (UDF IV) Board of Trustees election, highlighting the Board's failure to address critical shareholder concerns. The current Board is accused of using deflection tactics to avoid accountability for past criminal misconduct, disclosure violations, and governance failures. Key unaddressed questions include the Board's inaction after criminal convictions of former executives, continued payments to imprisoned executives through advisory agreements, and lack of plans to maximize shareholder value. NexPoint urges shareholders to vote using the GREEN proxy card to replace current Trustees with their nominees to implement critical changes and recover value.
NexPoint Diversified Real Estate Trust (NYSE: NXDT) has declared a dividend of $0.34375 per share for its 5.50% Series A Cumulative Preferred Shares (NYSE: NXDT PR A). The dividend will be distributed on December 31, 2024, to shareholders recorded as of December 23, 2024.
