Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1616

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1616
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4) | Property classified as held for sale as of September 30, 2024.                           |

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I-1287</div>

5. Consolidated Real Estate Investments

As of September 30, 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      |        |   |     | Right of use assets |       |   |     | Construction in Progress |        |     | Furniture, Fixtures, and 
 Equipment                |        |   |     | Totals |         |   |
|:------------------------------------------|:----|:-----|-------:|:----|:--------------|--------:|:--|:----|:------------------------|-------:|:--|:----|:-----------------|-------:|:--|:----|:--------------------|------:|:--|:----|:-------------------------|-------:|:----|:-------------------------|-------:|:--|:----|:-------|--------:|:--|
| White Rock Center                         |     | $    |  1,315 |     | $             |  10,562 |   |     | $                       |  1,921 |   |     | $                |   (101 | ) |     | $                   |     — |   |     | $                        |      — |     | $                        |      5 |   |     | $      |  13,702 |   |
| 5916 W Loop 289                           |     |      |  1,081 |     |               |   2,938 |   |     |                         |      — |   |     |                  |      — |   |     |                     |     — |   |     |                          |      — |     |                          |      — |   |     |        |   4,019 |   |
| Cityplace Tower                           |     |      | 18,812 |     |               | 194,997 |   |     |                         |  9,058 |   |