Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1761

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1761
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olidated VIEs

The Company did not have any consolidated VIEs as of and for the six months ended June 30, 2024 and 2023.

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8. Equity Method Investments

Below is a summary of the Company’s equity method investments as of June 30, 2024 (dollars in thousands):

| Investee Name                          |     | Instrument   |     | Asset Type           |     | NXDT Percentage Ownership |      |   |    | Investment Basis |        |     |    | Share of Investee's Net Assets (1) |        |   |     | Basis Difference (2) |        |   |     | Share of Earnings (Loss) |        |   |
|:---------------------------------------|:----|:-------------|:----|:---------------------|:----|:--------------------------|-----:|:--|---:|:-----------------|-------:|:----|---:|:-----------------------------------|-------:|:--|:----|:---------------------|-------:|:--|:----|:-------------------------|-------:|:--|
| Sandstone Pasadena Apartments, LLC     |     | LLC interest |     | Multifamily          |     |                           | 50.0 | % |    | $                | 10,712 |     |    | $                                  | (9,590 | ) |     | $                    | 20,302 |   |     | $                        |    (13 | ) |
| AM Uptown Hotel, LLC                   |     | LLC interest |     | Hospitality          |     |                           | 60.0 | % | -3 |                  | 20,635 |     |    |                                    | 16,396 |   |     |                      |  4,239 |   |     |                          | (1,098 | ) |
| SFR WLIF III, LLC                      |     | LLC interest |     | Single-family rental |     |                           | 20.0 | % |    |                  |  6,948 |     |    |                                    |  7,038 |   |     |                      |    (90 | ) |     |                          |    299 |   |
| Las Vegas Land Owner, LLC              |     | LLC interest |     | Land                 |     |                           | 77.0 | % | -4 |                  |