Item 2. Properties
Item 2. Properties
The following tables provide a summary of the Company’s physical properties as of December 31, 2024:
NXDT Segment:
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Average Effective Monthly
Occupied Rent Per Square Foot
(1) as of % Occupied (2) as of
Property Name Rentable Square
Footage
(in thousands) Property Type Date
Acquired December 31,
2024 December 31,
2024
White Rock Center 82,793 Retail 6/13/2013 $ 1.50 71.1 %
5916 W Loop 289 30,140 Retail 7/23/2013 $ — — % (3)
Cityplace 1,365,711 Office, Multifamily & Hospitality 8/15/2018 $ 2.16 46.4 %
1,478,644
(1) Average effective monthly occupied rent per square foot is equal to the average of the contractual rent for commenced leases as of December 31, 2024, minus any tenant concessions over the term of the lease, divided by the occupied square footage of commenced leases as of December 31, 2024.
(2) Percent occupied is calculated as the rentable square footage occupied as of December 31, 2024, divided by the total rentable square footage, expressed as a percentage.
(3) The property's tenant vacated in the fourth quarter of 2023. The Company is currently looking into leasing out the property.
The Company's ownership of Cityplace is subject to mortgage debt with an outstanding principal balance of approximately $139.9 million as of December 31, 2024. For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.
NHT Segment:
Brand Location Name Chain Scale Service Scale Year Built/Last Renovation Rooms
Hilton Garden Inn Dallas, Texas HGI Property Upscale Select-Service 1995/2016 240
Hyatt Park City, Utah Park City Upscale Full-Service 2016 122
Hampton Inn & Suites Bradenton, Florida Bradenton Upscale Select-Service 1926/2016 119
Homewood Suites (1) Plano, Texas HWS Plano Upscale Extended Stay 1996/2018 99
N/A (1) Addison, Texas Addison Property Upscale Extended Stay 1990/2018 120
Homewood Suites (1) Irving, Texas HWS Las Colinas Upscale Extended Stay 1990/2018 136
Marriott St. Petersburg, Florida St. Pete Property Upper Upscale Full-Service 2001/2021 209
Total Rooms: 1,045
(1) As of December 31, 2024 this property was held-for-sale.
Each of the hotel properties in the NHT segment is encumbered by a mortgage securing the payment of debt of $112.2 million by NHT.
For further information on the Company’s owned real properties, see Notes 4, 5 and 6 to our consolidated financial statements.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.