Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 865

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 865
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3 (dollars in thousands):Investee NameInstrumentAsset TypeNXDT Percentage OwnershipInvestment BasisShare of Investee's Net Assets (1)Basis Difference (2)Share of Earnings (Loss)Sandstone Pasadena Apartments, LLCLLC interestMultifamily50.0 %$11,458 $(9,590)$21,048 $— AM Uptown Hotel, LLCLLC interestHospitality60.0 %(3)23,158 17,581 5,577 (426)SFR WLIF III, LLCLLC interestSingle-family rental20.0 %7,079 7,241 (162)555 Las Vegas Land Owner, LLCLLC interestLand77.0 %(4)12,312 12,312 — — Perilune Aero Equity Holdings One, LLCLLC interestAircraft16.4 %(7)12,256 10,488 1,768 1,441 $66,263 $38,032 $28,231 $1,570 Below is a summary of the Company's investments as of December 31, 2023 that qualify for equity method accounting for which the Company has elected to account for using the fair value option. Amounts are included in "Investments, at fair value" on the Consolidated Balance Sheets.Investee NameInstrumentAsset TypeNXDT Percentage OwnershipFair ValueNexPoint Real Estate Finance Operating Partnership, L.P.LP interestMortgage15.6 %(6)$76,688NexPoint Real Estate Finance, Inc.Common stockMortgage12.0 %(6)33,075VineBrook Homes Operating Partnership, L.P.LP interestSingle-family rental11.2 %(6)146,516 NexPoint Storage Partners, Inc.Common stockSelf-storage52.9 %(3)68,187NexPoint Storage Partners Operating Company, LLCLLC interestSelf-storage30.0 %37,157 Claymore Holdings, LLCLLC interestN/A50.0 %(5)— Allenby, LLCLLC interestN/A50.0 %(5)— Haygood, LLCLLC interestN/A31.0 %(7)— NexPoint SFR Operating Partnership, L.P.LP interestSingle-family rental30.8 %49,383 NexPoint Hospitality TrustCommon stockHospitality46.2 %