Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 461

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 461
---
 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 December 31, 2023 and 2022, the Company, through the OP, owned four properties through SPEs. The following table represents the Company’s ownership in each property by virtue of its 100% ownership of the SPEs that directly own the title to each property as of December 31, 2023 and 2022:

| Property Name                                                                                   
 White Rock Center                                                                               |    | Location       
 Dallas, Texas  |     | Year Acquired 
          2013 |     | Effective Ownership Percentage at 
 December 31, 2023                 | 100 | % |     | December 31, 2022 | 100 | % |
|:------------------------------------------------------------------------------------------------|---:|:---------------|:----|--------------:|:----|:----------------------------------|----:|:--|:----|:------------------|----:|:--|
| 5916 W Loop 289                                                                                 |    | Lubbock, Texas |     |          2013 |     |                                   | 100 | % |     |                   | 100 | % |
| Cityplace Tower                                                                                 |    | Dallas, Texas  |     |          2018 |     |                                   | 100 | % |     |                   | 100 | % |
| NexPoint Dominion Land, LLC                                                                     | -1 | Plano, Texas   |     |          2022 |     |                                   | 100 | % |     |                   | 100 | % |
| (1)    NexPoint Dominion Land, LLC owns 100% of 21.5 acres of undeveloped land in Plano, Texas. |    |                |     |               |     |                                   |     |   |     |                   |     |   |

5. Consolidated Real Estate Investments

As of December 31, 2023, the major components of the Company’s investments in real estate held by SPE