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exPoint Diversified Real Estate Trust (NYSE: NXDT) has launched a continuous public offering of up to 16 million shares of its newly designated 9.00% Series B Cumulative Redeemable Preferred Shares at $25 per share, generating up to $400 million in gross proceeds. The funds will be used for investment opportunities and general corporate purposes.

    The Company is focused on acquiring, developing, and managing opportunistic and value-add investments across multiple sectors in the United States. NexPoint Securities, Inc., an affiliate of NXDT, is serving as dealer manager for this offering.

    The Series B Preferred Shares are being offered on a "reasonable best efforts" basis, with the offering expected to terminate when all shares have been sold or by August 1, 2027, whichever comes first. The board of trustees may elect to terminate the offering at any time.

    This public offering is conducted under NXDT's effective shelf registration statement (File No. 333-280954), which became effective on August 1, 2024. There is no public market for the Series B Preferred Shares, and NXDT does not intend to list them on a national securities exchange.

    To obtain a copy of the final prospectus supplement and related base prospectus, contact NexPoint Securities, Inc. by mail, telephone, or email at (833) 697-7253 or [email protected]. Alternatively, visit EDGAR on the SEC's website at www.sec.gov for free access to these documents.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any state or jurisdiction where such offer would be unlawful prior to registration or qualification under applicable securities laws.