Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1630

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1630
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 |                           | 52.9 | % (3) |     |            |  68,187 | -6 |
| NexPoint Storage Partners Operating Company, LLC         |     | LLC interest |     | Self-storage         |     |                           | 30.0 | %     |     |            |  37,157 | -6 |
| NexPoint SFR Operating Partnership, L.P.                 |     | LP interest  |     | Single-family rental |     |                           | 30.8 | %     |     |            |  49,383 | -6 |
| NexPoint Hospitality Trust                               |     | Common stock |     | Hospitality          |     |                           | 46.2 | %     |     |            |   4,886 | -6 |
| LLV Holdco, LLC                                          |     | LLC interest |     | Land                 |     |                           | 26.8 | %     |     |            |   2,242 | -6 |
|                                                          |     |              |     |                      |     |                           |      |       |     | $          | 418,134 |    |

| (1) | Represents the Company’s percentage share of net assets of the investee per the investee’s books and records. |

| (2) | Represents the difference between the basis at which the investments in unconsolidated ventures are carried by the Company and the Company's proportionate share of the equity method investee's net assets. To the extent that the Company’s cost basis is different from the basis reflected at the joint venture level, the basis difference is generally amortized over the lives of the related assets and liabilities, and such amortization is included in the Company’s share of equity in earnings of the joint venture. |

| (3) | The Company owns greater than 50% of the outstanding common equity but is not deemed to be the primary beneficiary or have a controlling financial interest of the investee and as such, accounts for the investee using the equity method. |

| (4) | The Company owns 100% of Las Vegas Land Owner, LLC which owns 77% of a joint venture that owns an 8.5 acre tract of land (the "Tivoli North Property"). Through a tenants in common arrangement, the Company shares control and as such accounts for this investment using the equity method. |

| (5) | The Company has a 50% non-controlling interest in Claymore