Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 40

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 40
---
 Balance Sheets.Investee NameInstrumentAsset TypeNXDT Percentage OwnershipFair ValueNexPoint Real Estate Finance Operating Partnership, L.P.LP interestMortgage15.6 %(6)$76,688NexPoint Real Estate Finance, Inc.Common stockMortgage12.0 %(6)33,075VineBrook Homes Operating Partnership, L.P.LP interestSingle-family rental11.2 %(6)146,516 NexPoint Storage Partners, Inc.Common stockSelf-storage52.9 %(3)68,187NexPoint Storage Partners Operating Company, LLCLLC interestSelf-storage30.0 %37,157 Claymore Holdings, LLCLLC interestN/A50.0 %(5)— Allenby, LLCLLC interestN/A50.0 %(5)— Haygood, LLCLLC interestN/A31.0 %(7)— NexPoint SFR Operating Partnership, L.P.LP interestSingle-family rental30.8 %49,383 NexPoint Hospitality TrustCommon stockHospitality46.2 %4,886 LLV Holdco, LLCLLC interestLand26.8 %2,242 $418,134 (1)Represents the Company’s percentage share of net assets of the investee per the investee’s books and records.

123

(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