---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-011260"
form_type: "8-K"
ticker: "NXDT"
cik: "0001356115"
company_name: "NEXPOINT DIVERSIFIED REAL ESTATE TRUST"
filed_at: "2026-04-03T23:59:59+00:00"
generated_at: "2026-05-15T07:32:22.842196+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# NexPoint Diversified REIT participates in $962K of NSP Note at 14% PIK via side letter

## Summary
- OP purchased $962,000 participation interest in Secured Promissory Note (NSP Note) with NREF as lender.
- NSP Note: up to $40M, $22.7M outstanding as of Apr 3, 2026; 14% PIK interest-only, matures Jan 16, 2031.
- Company owns ~53.02% of NSP common stock; Sponsor-affiliated accounts hold substantially all NSP equity.
- Side letter grants OP and other purchasers right to participate pro rata in future advances under NSP Note.
- Transaction involves related parties: OP, HFRO, HGLB, NRES, OSL, and NREF advised by affiliates of Adviser.

## SEC filing metadata
- accession: 0001437749-26-011260
- form_type: 8-K
- ticker: NXDT
- cik: 0001356115
- company_name: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- filed_at: 2026-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356115/000143774926011260/0001437749-26-011260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356115/000143774926011260/nexsof20260403_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-011260
- JSON: https://secwatch.observer/filing/0001437749-26-011260.json
- Plain text: https://secwatch.observer/filing/0001437749-26-011260.txt

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