Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 1241

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1241
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 Partnership, L.P.LP interestSingle-family rental11.4 %11.2 %VIEVIENexPoint SFR Operating Partnership, L.P.LP interestSingle-family rental30.8 %30.8 %VIEVIENexAnnuity Holdings, Inc.Preferred SharesAnnuities100.0 %(1)100.0 %VIEVIE(1) The Company owns 100% of the preferred stock of NexAnnuity Holdings, Inc. ("NHI"), but it does not own any of the outstanding common stock of NHI.The maximum exposure to loss of value for the VIE investments includes both the carrying value of each investment, as presented in the tables in Note 8 and 10, and the Company’s exposure through additional arrangements. The Company has provided guarantees on certain debt obligations of some of the VIEs, see Note 15 for further details.Consolidated VIEsThe Company did not have any consolidated VIEs as of December 31, 2024 and December 31, 2023.

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8. Equity Method Investments

Below is a summary of the Company’s equity method investments as of December 31, 2024 (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 %$10,055 $(9,590)$19,645 $70 AM Uptown Hotel, LLCLLC interestHospitality60.0 %(3)18,081 14,970 3,111 (155)Las Vegas Land Owner, LLCLLC interestLand77.0 %(4)12,321 12,321 — 10 Perilune Aero Equity Holdings One, LLCLLC interestAircraft16.4 %(8)13,565 10,488 3,077 1,414 Capital Acquisitions Partners, LLCLLC interestMultifamily20.9 %407 1,717 (1,310)126 $54,429 $29,906 $24,523 $1,465 Below is a summary of the Company's investments as of December 31, 2024 that qualify for equity method accounting for which the Company has elected to account for using the