Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 171

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 171
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 it was not liable to pay Canadian income taxes provided that its taxable income was fully distributed to unitholders. On April 17, 2025, in connection with the merger of NHT into NXDT, NHT ceased to exist as a separate entity and no longer qualified for mutual fund trust status. Accordingly, the mutual fund trust provisions described above are no longer applicable subsequent to the merger date.

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4. Investments in Real Estate Subsidiaries

The Company conducts its operations through the OP which owns several real estate properties through single asset limited liability companies that are special purpose entities (“SPEs”). The Company consolidates the SPEs that it controls as well as any VIEs where it is the primary beneficiary. All of the properties the SPEs own are consolidated in the Company’s consolidated financial statements. The assets of each entity can only be used to settle obligations of that particular entity, and the creditors of each entity have no recourse to the assets of other entities or the Company.As of September 30, 2025, the Company, through the OP, owned eight properties through SPEs, including four in the Diversified segment, and four in the Hospitality segment. The following table represents the Company’s ownership in each property by virtue of its consolidation of the SPEs that directly own the title to each property as of September 30, 2025 and December 31, 2024:Effective Ownership Percentage atProperty NameLocationYear AcquiredSeptember 30, 2025December 31, 2024White Rock CenterDallas, Texas2013100 %100 %5916 W Loop 289Lubbock, Texas2013100 %100 %Cityplace TowerDallas, Texas2018100 %100 %NexPoint Dominion Land, LLC(1)Plano, Texas2022100 %100 %Dallas Hilton Garden InnDallas, Texas2014(2)100 %54 %St. Petersburg MarriottSt. Petersburg, Florida2018(2)100 %54 %Hyatt Place Park CityPark City, Utah2022(2)100 %54 %Bradenton Hampton Inn & SuitesBradenton, Florida2022(2)100 %54 %(1)NexPoint Dominion Land, LLC owns 100% of 21.5 acres of undeveloped land in Plano, Texas.(2) Reflects the date NHT or its predecessor acquired the property.

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5. Consolidated Real Estate