NEXPOINT DIVERSIFIED REAL ESTATE TRUST
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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Sep 30, 2024 · Filed Nov 8, 2024
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Item 4. Controls and Procedures
- Variable Interest Entities
As of September 30, 2024, and December 31, 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 September 30, 2024 · Percentage Ownership as of December 31, 2023 · Relationship as of September 30, 2024 · Relationship as of December 31, 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Unconsolidated Entities: | |||||||
| NexPoint Storage Partners, Inc. | Common stock | Self-storage | 52.8% | 52.9% | VIE | VIE | |
| NexPoint Storage Partners Operating Company, LLC | LLC interest | Self-storage | 29.5% | 30.0% | 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 | |
| Life Sciences II DST | LLC interest | Life science | 25.8% | N/A | VIE | N/A | |
| Semiconductor DST | LLC interest | Industrial | 16.8% | N/A | VIE | N/A | |
| Capital Acquisitions Partners, LLC | LLC interest | Multifamily | 20.9% | N/A | VIE | N/A | |
| IQHQ Holdings, LP | LP interest | Life science | 1.27% | 1.3% | VIE | VIE | |
| NexPoint Real Estate Finance Operating Partnership, L.P. | LP interest | Mortgage | 15.6% | 15.6% | VIE | VIE | |
| VineBrook Homes Operating Partnership, L.P. | LP interest | Single-family rental | 11.4% | 11.2% | VIE | VIE | |
| NexPoint SFR Operating Partnership, L.P. | LP interest | Single-family rental | 31.2% | 30.8% | VIE | VIE | |
| NexAnnuity Holdings, Inc. | Preferred Shares | Annuities | 100.0% | (1) | 100.0% | VIE | VIE |
(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 September 30, 2024 and December 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.