Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 164

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 164
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 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 June 30, 2025, the Company, through the OP, owned eight properties through SPEs, including four in the Diversified segment, and four in the Hospitality 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 June 30, 2025 and December 31, 2024:Effective Ownership Percentage atProperty NameLocationYear AcquiredJune 30, 2025December 31, 2024White Rock CenterDallas, Texas2013100 %100 %5916 W Loop 289Lubbock, Texas2013100 %100 %Cityplace TowerDallas, Texas2018100 %100 %NexPoint Dominion Land, LLC(1)Plano, Texas2022100 %100 %Dallas Hilton Garden InnDallas, Texas2014(2)100 %54 %St. Petersburg MarriottSt. Petersburg, Florida2018(2)100 %54 %Hyatt Place Park CityPark City, Utah2022(2)100 %54 %Bradenton Hampton Inn & SuitesBradenton, Florida2022(2)100 %54 %(1)NexPoint Dominion Land, LLC owns 100% of 21.5 acres of undeveloped land in Plano, Texas.(2) Reflects the date NHT or its predecessor acquired the property.

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5. Consolidated Real Estate Investments

As of June 30, 2025, the major components of the Company’s investments in real estate held by SPEs the Company consolidates, which are included in "Consolidated Real Estate Investments" on the Consolidated Balance Sheets, were as follows (in thousands):Operating PropertiesLandBuildings and ImprovementsIntangible Lease AssetsIntangible Lease LiabilitiesRight of use assetsConstruction in ProgressFurniture, Fixtures, and EquipmentTotalsWhite Rock Center$1,315 $10,597 $1,921 $(