--- 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" generated_at: "2026-06-24T21:37:04.240901+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # NexPoint Diversified Real Estate Trust deregisters as investment company, adopts new REIT mandate ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 1.02, 3.03, 5.03, 4.01, 5.02, 5.05, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-22-016455 - JSON: https://secwatch.observer/filing/0001437749-22-016455.json - Plain text: https://secwatch.observer/filing/0001437749-22-016455.txt ## Key facts - Executive change Scott Kavanaugh was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Trustee source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change D.C. Sauter was appointed as General Counsel at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: General Counsel source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Matt McGraner was appointed as Executive VP, Chief Investment Officer and Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Executive VP, Chief Investment Officer and Secretary source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Ethan Powell resigned as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Chairman of the Board of Trustees source text: Mr. Powell also resigned in his capacity as Chairman of the Board of Trustees, effective as of the Deregistration Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Bob Froehlich resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Trustee source text: John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Ethan Powell resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Trustee source text: John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Will Mabry resigned as Assistant Treasurer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Assistant Treasurer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Brian Mitts was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Trustee source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Frank Waterhouse resigned as Treasurer, Principal Accounting Officer and Principal Financial Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Treasurer, Principal Accounting Officer and Principal Financial Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change James Dondero was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Trustee source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change John Honis resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Trustee source text: John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Rahim Ibrahim resigned as Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Assistant Secretary source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Bryan A. Ward resigned as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Trustee source text: John Honis, Bryan A. Ward, Ethan Powell and Dr. Bob Froehlich resigned as Trustees of the Company, effective as of the Deregistration Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Brian Mitts was appointed as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Stephanie Vitiello resigned as Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: resigned - Role: Secretary, Chief Compliance Officer, and Anti-Money Laundering Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change James Dondero was appointed as Chairman of the Board of Trustees at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Chairman of the Board of Trustees source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm - Executive change Arthur Laffer was appointed as Trustee at NEXPOINT DIVERSIFIED REAL ESTATE TRUST. - Action: appointed - Role: Trustee source text: 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_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922016455/0001437749-22-016455-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.