Company: NXDT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001356115-25-000003
Chunk: 359

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 359
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 for equity method accounting for which the Company has elected to account for using the fair value option. Amounts are included in "Investments, at fair value" on the Consolidated Balance Sheets.Investee NameInstrumentAsset TypeNXDT Percentage OwnershipFair ValueNexPoint Real Estate Finance Operating Partnership, L.P.LP interestMortgage15.6 %(6)$76,396NexPoint Real Estate Finance, Inc.Common stockMortgage12.0 %(6)32,949Claymore Holdings, LLCLLC interestN/A50.0 %(5)— Allenby, LLCLLC interestN/A50.0 %(5)— Haygood, LLCLLC interestN/A31.0 %(7)— LLV Holdco, LLCLLC interestLand26.8 %2,606 NexPoint Storage Partners, Inc.Common stockSelf-storage52.8 %(6)62,709NexPoint Storage Partners Operating Company, LLCLLC interestSelf-storage29.5 %34,172 VineBrook Homes Operating Partnership, L.P.LP interestSingle-family rental11.4 %(6)151,706 NexPoint SFR Operating Partnership, L.P.LP interestSingle-family rental30.8 %37,953 $398,491 

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Below is a summary of the Company’s equity method investments as of December 31, 2023 (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 %$11,458 $(9,590)$21,048 $— AM Uptown Hotel, LLCLLC interestHospitality60.0 %(3)23,158 17,581 5,577 (426)SFR WLIF III, LLCLLC interestSingle-family rental20.0 %7,079 7,241 (162)555 Las Vegas Land Owner, LLCLLC interestLand77.0 %(4)12,312 12,312 — — Perilune Aero Equity Holdings One, LLCLLC interestAircraft16.4 %(7)12,256 10,488 1,768 1,441 $66,263 $38,