- NexPoint Hospitality Trust (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) have set April 17, 2025, as the closing date for their going private transaction.
- The merger will result in the dissolution of NHT, with its trust units set to be delisted from the TSX Venture Exchange on April 22, 2025.
- This transaction is subject to customary closing conditions and involves NXDT merging with and into entities controlled by NXDT.
NexPoint Hospitality Trust (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) have announced that their anticipated going private transaction is set to close on April 17, 2025. This transaction involves the dissolution of NHT and a merger of its subsidiary entities with entities controlled by NXDT. Following this, NHT's trust units are expected to be delisted from the TSX Venture Exchange after the close of trading on April 22, 2025. The completion of this transaction remains contingent on the satisfaction of customary closing conditions.
NexPoint Hospitality Trust specializes in acquiring and managing well-positioned hospitality properties in the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P. The REIT currently owns seven branded properties under Marriott, Hilton, and Hyatt located across the United States.
NexPoint Diversified Real Estate Trust is a diversified REIT with a strategic focus on value-add and opportunistic investments across multiple sectors in the U.S. The trust is externally advised by NexPoint Real Estate Advisors X, L.P. For additional details on this transaction, investors are encouraged to review the joint news releases and management information circular available on SEDAR+ at www.sedarplus.ca.
