Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1289

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1289
---
 were wholly owned by a subsidiary of the NSP OC. The SAFStor Ventures are invested, through subsidiaries, in various self-storage real estate development projects primarily located on the East Coast of the United States. As of December 31, 2024, the Company owns approximately 47,064 Class B Units, or 29.5%, of the outstanding NSP OC Common Units.On September 1, 2023, the Company, through one of its wholly owned TRSs, entered into a contribution agreement to transfer the Structured Note in SFP and all its rights, title and interests to related party NHI and its wholly owned subsidiaries. The Company also transferred all of its ordinary shares in SFP to a separate share trustee. In exchange, the Company was issued 68,500 shares of Class A Preferred Stock in NHI and owns 69,895 and 66,268 shares, respectively, as of December 31, 2024 and 2023.

140

Related Party InvestmentsThe Company, from time to time, may invest in entities managed by affiliates of the Adviser. For the year ended and as of December 31, 2024, the Company had the following investments in entities managed or advised by, or directly or indirectly owned by entities managed or advised by, affiliates of the Adviser (in thousands).Related PartyInvestmentFair Value/Carrying ValueChange in Unrealized Gain/(Loss)RealizedGain/(Loss)Equity in income (loss)Interest and DividendsTotal IncomeNexPoint Real Estate Finance, Inc.Common Stock$32,949 $(126)$— $— $4,200 $4,074 NexPoint Storage Partners, Inc.Common Stock62,709 (5,478)— — — (5,478)NexPoint Residential Trust, Inc.Common Stock4,018 692 — — 180 872 NexPoint SFR Operating Partnership, L.P.Convertible Notes20,846 32 — — 1,636 1,668 NexPoint Hospitality TrustCommon Stock— 2,088 (1)— — — 2,088 NexPoint Storage Partners Operating Company, LLCLLC Units34,172 (2,985)— — — (2,985)SFR WLIF III, LLCLLC Units— — 339 523 — 862 Claymore Holdings, LLCL