NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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Jun 30, 2024 · Filed Aug 9, 2024
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Item 4. Controls and Procedures
- Variable Interest Entities
As of June 30, 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 June 30, 2024 · Percentage Ownership as of June 30, 2023 · Relationship as of June 30, 2024 · Relationship as of June 30, 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 | 29.5% | 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% | 16.0% | VIE | VIE | |
| VineBrook Homes Operating Partnership, L.P. | LP interest | Single-family rental | 11.4% | 11.1% | VIE | VIE | |
| NexPoint SFR Operating Partnership, L.P. | LP interest | Single-family rental | 30.8% | 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 six months ended June 30, 2024 and 2023.
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