---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028929"
form_type: "8-K"
ticker: "NXDT"
cik: "0001356115"
company_name: "NEXPOINT DIVERSIFIED REAL ESTATE TRUST"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:02:39.442845+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NexPoint contributes SAFStor JV interests to NSP OC, enters $97.6M guaranty with Extra Space

## Summary
- NXP contributed via subsidiary all SAFStor JV interests to NSP OC for 47,064 Class B Units (14.84% of NSP OC Common Units).
- NSP OC acquired remaining SAFStor interests from affiliates managed by NXDT's adviser.
- NXDT and co-guarantors entered Sponsor Guaranty for Extra Space covering $64.2M in NSP debt.
- Guaranty capped at $97.6M; NXDT's max liability approx. $83.8M on a pro rata common-stock basis.
- NSP is a private self-storage REIT, 53% owned by NXDT as of Sept 30, 2022.

## SEC filing metadata
- accession: 0001437749-22-028929
- form_type: 8-K
- ticker: NXDT
- cik: 0001356115
- company_name: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356115/000143774922028929/0001437749-22-028929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356115/000143774922028929/nexsof20221212_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028929
- JSON: https://secwatch.observer/filing/0001437749-22-028929.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028929.txt

## Key facts
- Debt Financings
  NEXPOINT DIVERSIFIED REAL ESTATE TRUST incurred guarantee of approximately $64.2 million with Extra Space Storage LP.
  - Instrument: guarantee
  - Principal: approximately $64.2 million
  - Counterparty: Extra Space Storage LP
  - Event: incurrence
  source text: entered into a Sponsor Guaranty Agreement in favor of Extra Space pursuant to which the Company and the Co-Guarantors guaranteed obligations of NSP with respect to NSP’s newly created Series D Preferred Stock and two promissory notes in an aggregate principal amount of approximately $64.2 million issued to Extra Space.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922028929/0001437749-22-028929-index.htm
- Material Agreements
  NEXPOINT DIVERSIFIED REAL ESTATE TRUST entered into Contribution Agreement with NexPoint Storage Partners Operating Company, LLC (effective 2022-12-08).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: NexPoint Storage Partners Operating Company, LLC
  - Effective: 2022-12-08
  source text: On December 8, 2022, NexPoint Diversified Real Estate Trust (the “Company”), through its indirect wholly owned subsidiary NexPoint Real Estate Opportunities, LLC (“NREO”), entered into a Contribution Agreement pursuant to which NREO contributed all of its interests in joint ventures (the “SAFStor Ventures”) with SAFStor NREA GP – I, LLC, SAFStor NREA GP – II, LLC and NREA GP – III, LLC (collectively, the “SAFStor GPs”) to NexPoint Storage Partners Operating Company, LLC (the “NSP OC”) in exchange for 47,064.35 newly created Class B Units of the NSP OC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774922028929/0001437749-22-028929-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.