NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Mar 31, 2024. Filed May 10, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 4. Controls and Procedures
- Variable Interest Entities
As of March 31, 2024 and 2023, the Company does not consolidate the investments below as it does not have a controlling financial interest in these investments:
| Entities · Instrument · Asset Type · Percentage Ownership as of March 31, 2024 · Percentage Ownership as of March 31, 2023 · Relationship as of March 31, 2024 · Relationship as of March 31, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Unconsolidated Entities: | |||||||
| NexPoint Storage Partners, Inc. | Common stock | Self-storage | 52.8% | 53.0% | VIE | VIE | |
| NexPoint Storage Partners Operating Company, LLC | LLC interest | Self-storage | 29.9% | 29.7% | VIE | VIE | |
| Perilune Aero Equity Holdings One, LLC | LLC interest | Aircraft | 16.4% | 16.4% | VIE | VIE | |
| SFR WLIF III, LLC | LLC interest | Single-family rental | 20.0% | 20.0% | VIE | VIE | |
| NexPoint Real Estate Finance Operating Partnership, L.P. | LP interest | Mortgage | 15.6% | 16.1% | VIE | VIE | |
| VineBrook Homes Operating Partnership, L.P. | LP interest | Single-family rental | 11.3% | 11.5% | VIE | VIE | |
| NexPoint SFR Operating Partnership, L.P. | LP interest | Single-family rental | 31.2% | 30.8% | VIE | VIE | |
| IQHQ Holdings, LP | LP interest | Life science | 1.3% | 1.1% | VIE | VIE | |
| NexAnnuity Holdings, Inc. | Preferred Shares | Annuities | 100.0% | (1) | N/A | VIE | N/A |
(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.
Consolidated VIEs
The Company did not have any consolidated VIEs as of and for the three months ended March 31, 2024 and 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.