Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1230

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1230
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03”). ASU 2024-03 requires disclosures of disaggregated information about certain income statement expense line items on an annual and interim basis. The amendments are effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and should be applied prospectively, with the option to apply retrospectively. The Company is currently evaluating the impact of adopting the amendments on its disclosures.

4. Investments in Real Estate Subsidiaries

The Company conducts its operations through the OP and NHT OP, which collectively own several real estate properties through single asset limited liability companies that are special purpose entities (“SPEs”). The Company consolidates the SPEs that it controls as well as any VIEs where it is the primary beneficiary. All of the properties the SPEs own are consolidated in the Company’s consolidated financial statements. The assets of each entity can only be used to settle obligations of that particular entity, and the creditors of each entity have no recourse to the assets of other entities or the Company.As of December 31, 2024, the Company, through the OP, owned eleven properties through SPEs, including four in the NXDT segment, and seven in the NHT segment. The following table represents the Company’s ownership in each property by virtue of its consolidation of the SPEs that directly own the title to each property as of December 31, 2024 and December 31, 2023:Effective Ownership Percentage atProperty NameLocationYear AcquiredDecember 31, 2024December 31, 2023White Rock CenterDallas, Texas2013100 %100 %5916 W Loop 289Lubbock, Texas2013100 %100 %CityplaceDallas, Texas2018100 %100 %NexPoint Dominion Land, LLC(1)Plano, Texas2022100 %100 %Dallas Hilton Garden Inn(2)Dallas, Texas2014(3)54 %N/AAddison Property(2) (4)Addison, Texas2017(3)54 %N/APlano Homewood Suites(2) (4)Plano, Texas2017(3)54 %N/ALas Colinas Homewood Suites(2) (4)Las Colinas, Texas2017(3)54 %N/ASt. Petersburg Marriott(2)St. Petersburg, Florida2018(3)54 %N/AHyatt Place Park City(2)Park City,