Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1212

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1212
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 investments at fair value from the acquisition of NexPoint Hospitality Trust$24,981 $— Accounts receivable and other assets assumed in acquisition of NexPoint Hospitality Trust$(1,305)$— Prepaid assets and other assets assumed in acquisition of NexPoint Hospitality Trust$(1,492)$— Accounts payable and other liabilities assumed in acquisition of NexPoint Hospitality Trust$14,276 $— Real estate taxes payable assumed in acquisition of NexPoint Hospitality Trust$1,233 $— Change in capitalized construction costs included in accounts payable and other accrued liabilities$698 $723 Adjustment to Life Insurance Policies, at fair value, on deconsolidation of entity$— $(62,484)Adjustment to accounts receivable on deconsolidation of entity$— $(2,023)

*For more information about this transaction, refer to Note 11. Life Settlement Portfolio

See Notes to Consolidated Financial Statements

103

NEXPOINT DIVERSIFIED REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Organization and Description of Business

NexPoint Diversified Real Estate Trust (the "Company", "we", "us", or "our") was formed in Delaware and has elected to be taxed as a real estate investment trust (a “REIT”). Substantially all of the Company’s business is conducted through NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the "OP"), the Company’s operating partnership. The Company conducts its business (the "Portfolio") through the OP and its wholly owned taxable REIT subsidiaries ("TRSs"). The Company's wholly owned subsidiary, NexPoint Diversified Real Estate Trust OP GP, LLC (the "OP GP"), is the sole general partner of the OP. As of December 31, 2024, there were 2,000 partnership units of the OP (the “OP Units”) outstanding, of which 100.0% were owned by the Company.On July 1, 2022 (the “Deregistration Date”), the Securities and Exchange Commission (the “SEC”) issued an order pursuant to Section 8(f) of the Investment Company Act of 1940 (the “Investment Company Act”) declaring that the Company has ceased to be an investment company under the Investment Company Act (the “Deregistration Order”). The issuance of the Deregistration Order enabled the Company to proceed with full implementation of