Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2273

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2273
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 the assets of other entities or the Company.

As of March 31, 2024 and 2023, 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 March 31, 2024 and 2023:

| Property Name               
 White Rock Center           |    | Location       
 Dallas, Texas  |     | Year Acquired 
          2013 |     | Effective Ownership Percentage at 
 March 31, 2024                    | 100 | % |     | March 31, 2023 | 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. |

4. Consolidated Real Estate Investments

As of March 31, 2024, the major components of the Company’s investments in real estate held by SPEs the Company consolidates, which are included in "Consolidated Real Estate Investments" on the consolidated balance sheet, were as follows (in thousands):

| Operating Properties                      |     | Land |        |     | Buildings and 
 Improvements  |         |   |     | Intangible Lease Assets |        |   |     | Intangible Lease 
 Liabilities      |        |   |     | Construction in Progress |        |     | Furniture, Fixtures, and 
 Equipment                |      |   |     | Totals |         |   |
|:------------------------------------------|:----|:-----|-------:|:----|:--------------|--------:|