Variable Interest Entities

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities

Variable Interest Entities

Consolidated VIEs

The Company reassesses its initial evaluation of whether an entity is a VIE when certain reconsideration events occur. The Company reassesses its determination of whether it is the primary beneficiary of a VIE on an ongoing basis based on current facts and circumstances.

As of March 31, 2023, the Company has accounted for the following investments as unconsolidated VIEs:

Entities	Instrument	Asset Type	Percentage Ownership as of March 31, 2023		Relationship as of March 31, 2023
Unconsolidated Entities:
NexPoint Real Estate Finance Operating Partnership, L.P.	LP interest	Mortgage	16.1	%	VIE
VineBrook Homes Operating Partnership, L.P.	LP interest	Single-family rental	11.5	%	VIE
NexPoint Storage Partners Operating Company, LLC	LLC interest	Self-storage	29.7	%	VIE
NexPoint Storage Partners, Inc.	Common stock	Self-storage	53.0	%	VIE
Perilune Aero Equity Holdings One, LLC	LLC interest	Aircraft	16.4	%	VIE
SFR WLIF III, LLC	LLC interest	Single-family rental	20.0	%	VIE
IQHQ Holdings, LP	LP interest	Life science	1.1	%	VIE