{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-016455","form_type":"8-K","ticker":"NXDT","cik":"0001356115","company_name":"NEXPOINT DIVERSIFIED REAL ESTATE TRUST","filed_at":"2022-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.499846+00:00","generated_at":"2026-06-24T21:37:04.240901+00:00","sec_items":["1.01","1.02","3.03","5.03","4.01","5.02","5.05","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NexPoint Diversified Real Estate Trust deregisters as investment company, adopts new REIT mandate","bullets":["SEC deregistration effective July 1, 2022; company now operates as a diversified REIT focusing on commercial real estate across the capital structure.","New advisory agreement with NexPoint Real Estate Advisors X, L.P.: 1.00% annual advisory fee + 0.20% administrative fee on Managed Assets; expense cap 1.5% for 12 months.","Auditor change: dismissed Cohen & Company, engaged KPMG for fiscal year 2022; no disagreements reported.","Board revamped: Brian Mitts appointed CFO; Matt McGraner EVP/CIO/Secretary; Scott Kavanaugh and Dr. Arthur Laffer join board; James Dondero becomes Chairman; prior directors resigned.","Old advisory and administration agreements terminated; new advisory agreement includes termination fee equal to three times trailing 12-month fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-016455","json":"https://secwatch.observer/filing/0001437749-22-016455.json","markdown":"https://secwatch.observer/filing/0001437749-22-016455.md","text":"https://secwatch.observer/filing/0001437749-22-016455.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/nexsof20220629_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T21:37:04.240901+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ae4d6f100","claim":"Scott Kavanaugh was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"15dedd5d54","claim":"D.C. Sauter was appointed as General Counsel at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"General Counsel"}],"fact_type":"executive_change"},{"claim_id":"25d60f0aa4","claim":"Matt McGraner was appointed as Executive VP, Chief Investment Officer and Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive VP, Chief Investment Officer and Secretary"}],"fact_type":"executive_change"},{"claim_id":"43eea5ae29","claim":"Ethan Powell resigned as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Mr. Powell also resigned in his capacity as Chairman of the Board of Trustees, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chairman of the Board of Trustees"}],"fact_type":"executive_change"},{"claim_id":"49fd90722e","claim":"Bob Froehlich resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"5100c41c7f","claim":"Ethan Powell resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"5fdff3c3e8","claim":"Will Mabry resigned as Assistant Treasurer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Assistant Treasurer"}],"fact_type":"executive_change"},{"claim_id":"615fb47a7d","claim":"Brian Mitts was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"6642272468","claim":"Frank Waterhouse resigned as Treasurer, Principal Accounting Officer and Principal Financial Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Treasurer, Principal Accounting Officer and Principal Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"6906aca4f2","claim":"James Dondero was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"6f225c0177","claim":"John Honis resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"70f2f0a6ce","claim":"Rahim Ibrahim resigned as Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Assistant Secretary"}],"fact_type":"executive_change"},{"claim_id":"7edae7a3d2","claim":"Bryan A. Ward resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"},{"claim_id":"9b8e02aacf","claim":"Brian Mitts was appointed as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"The Board of Trustees appointed Brian Mitts as our Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary, Matt McGraner as our Executive VP, Chief Investment Officer and Secretary and D.C. Sauter as our General Counsel.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary"}],"fact_type":"executive_change"},{"claim_id":"b705c249dd","claim":"Stephanie Vitiello resigned as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Frank Waterhouse resigned from his position as Treasurer, Principal Accounting Officer and Principal Financial Officer, Will Mabry resigned from his position as Assistant Treasurer, Rahim Ibrahim resigned from his position as Assistant Secretary, and Stephanie Vitiello resigned from her position as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer, effective as of the Deregistration Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer"}],"fact_type":"executive_change"},{"claim_id":"c95e93b1bd","claim":"James Dondero was appointed as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board of Trustees"}],"fact_type":"executive_change"},{"claim_id":"ccf3205919","claim":"Arthur Laffer was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST.","evidence_excerpt":"Also on the Deregistration Date, the Board of Trustees appointed Mr. Mitts, Mr. Dondero, Scott Kavanaugh and Dr. Arthur Laffer to the Board of the Trustees and Mr. Dondero as Chairman of the Board of Trustees","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Trustee"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}