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exPoint Hospitality Trust (TSX-V: NHT.U) and NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced the expected closing date for their previously announced going private transaction. The REIT will be dissolved, and its subsidiary entities merged with entities owned or controlled by NXDT. This Transaction is expected to close on April 17, 2025, subject to customary closing conditions.

    The REIT's trust units are expected to be delisted from the TSX Venture Exchange at the close of trading on April 22, 2025. For more information on the Transaction, please see the joint news releases issued by the REIT and NXDT on November 25, 2024, December 23, 2024, and February 14, 2024.

    NexPoint Hospitality Trust is a publicly traded real estate investment trust focused on acquiring, owning, and operating well-located hospitality properties in the United States. The company owns seven branded properties sponsored by Marriott, Hilton, and Hyatt across the U.S. NHT is externally advised by NexPoint Real Estate Advisors VI, L.P.

    NexPoint Diversified Real Estate Trust (NYSE: NXDT) is an externally advised, publicly traded REIT focused on acquiring, developing, and managing opportunistic and value-add investments throughout the United States. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P.

    This news release includes forward-looking information that are based on management's current expectations, assumptions, and beliefs. The expected closing date for the Transaction constitutes forward-looking information and is subject to a number of risks including that all required closing conditions are not satisfied on the timeline currently expected. Readers are cautioned not to place undue reliance on forward-looking information.