NexPoint Diversified Real Estate Trust completes transition to diversified REIT

NexPoint Diversified Real Estate Trust announced that the Securities and Exchange Commission (SEC) issued an order, effective July 1, 2022, enabling the company to complete the transition of its business to a diversified REIT.

The company’s common and preferred shares will continue to be traded on the New York Stock Exchange under the ticker symbols NXDT and NXDT-PA, respectively.

“We are grateful for shareholders’ support and recognition of the benefits of the REIT structure,” said Matthew McGraner, chief investment officer of NexPoint Real Estate Advisors. “We are excited to finalize the transition and continue to grow NXDT alongside NexPoint’s real estate platform.”

On a net asset value basis including dividends, the company delivered a total return of 258.65 percent over the past 10 years. During that time, the company operated as a “real estate incubator,” investing in assets that represent NexPoint’s top real estate themes and strategie