Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 533

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 533
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/15/20253,432 Single-Family Rental3,432 NSP OC Promissory Note2,776 Single-Family Rental2,765 SFR OP Promissory Note500 Single-Family Rental500 Total$10,580 Other Equity Method InvestmentsShares/UnitsInvestment TypeNet Equity (1)LocationPerilune Aero Equity Holdings One, LLC10,310,000 Aircraft$13,565 AerospaceClaymore Holdings, LLC5,054,376 (6)Litigation Claims— N/AAllenby, LLC1,123,531 (6)Litigation Claims— N/AHaygood, LLC.31,170 (6)Litigation Claims— N/ATotal$13,565 Other AssetsNet Equity (1)Preferred Shares$69,895 Common Equity69,151 (2)

4

Senior Loans35,720 Rights and Warrants1,788 Bonds114 Total$176,668 

(1)Net equity represents the carrying value of the investment. For investments in operating properties, any debt secured by the underlying real property is subtracted from the carrying value of the investment.(2)All or part of this security is pledged as collateral for short sales, margin borrowing or credit facilities. (3)Cityplace Tower (“Cityplace”) is currently under development, and the Company is converting part of the property into a hotel with multifamily residential floors, which was still under construction as of December 31, 2024.(4)Effective December 19, 2024, the property ceased operating under the HomeWood Suites brand.  (5)The Company owns 100% of Las Vegas Land Owner, LLC ("Tivoli"), a tenants-in-common arrangement (the "TIC") that owns 77% of an 8.5 acre tract of land upon which Tivoli plans to develop a 300 unit multifamily apartment community in Las Vegas, Clark County, Nevada. Through the TIC, the Company shares control and as such accounts for this investment using the equity method.(6)The Company owns noncontrolling interests in three limited liability companies, Claymore Holdings, LLC, Allenby, LLC, and Haygood, LLC, created to hold litigation claims. The probability, timing, and potential amount of recovery, if any, are unknown as of December 31, 2024.

Primary Investment Objective

As a diversified REIT