Consolidated Real Estate Investments (Tables)

12 Months Ended

Dec. 31, 2023

Investments, All Other Investments [Abstract]

Schedule of Components of Investments in Real Estate Properties

As of December 31, 2023, the major components of the Company’s investments in real estate held by SPEs the Company consolidates, which are included in "Consolidated Real Estate Investments" on the Consolidated balance sheet, were as follows (in thousands):

Operating Properties	Land		Buildings and Improvements		Intangible Lease Assets		Intangible Lease Liabilities		Construction in Progress		Furniture, Fixtures, and Equipment		Totals
White Rock Center	$	1,315	$	10,345	$	1,921	$	(101)	$	—	$	5	$	13,485
5916 W Loop 289	1,081		2,938		—		—		—		—		4,019
Cityplace Tower	18,812		192,930		9,058		(6,669)		19,177		357		233,665
NexPoint Dominion Land, LLC	26,500		—		—		—		—		—		26,500
	47,708		206,213		10,979		(6,770)		19,177		362		277,669
Accumulated depreciation and amortization	—		(13,490)		(6,798)		2,203		—		(237)		(18,322)
Total Operating Properties	$	47,708	$	192,723	$	4,181	$	(4,567)	$	19,177	$	125	$	259,347

As of December 31, 2022, the major components of the Company’s investments in real estate held by SPEs the Company consolidates, which are included in "Consolidated Real Estate Investments" on the Consolidated balance sheet, were as follows (in thousands):

Operating Properties	Land		Buildings and Improvements		Intangible Lease Assets		Intangible Lease Liabilities		Construction in Progress		Furniture, Fixtures, and Equipment		Totals
White Rock Center	$	1,315	$	10,314	$	1,921	$	(101)	$	—	$	5	$	13,454
5916 W Loop 289	1,081		2,939		—		—		—		—		4,020
Cityplace Tower	18,812		161,216		9,058		(6,669)		39,731		349		222,497
NexPoint Dominion Land, LLC	26,500		—		—		—		—		—		26,500
	47,708		174,469		10,979		(6,770)		39,731		354		266,471
Accumulated depreciation and amortization	—		(4,114)		(2,863)		743		—		(181)		(6,415)
Total Operating Properties	$	47,708	$	170,355	$	8,116	$	(6,027)	$	39,731	$	173	$	260,056

Schedule of Ongoing Development of Real Estate

On August 9, 2022, the Company purchased undeveloped land in Plano, Texas through a wholly owned SPE, as detailed in the table below (dollars in thousands). The details of the Company’s acquisitions held by SPEs the Company consolidates for the six months ended December 31, 2022 were as follows (dollars in thousands):

Investment Property	Location	Property Type	Date of Acquisition	Purchase Price		Debt		Effective Ownership
NexPoint Dominion Land, LLC	Plano, Texas	Land	August 9, 2022	$	26,500	$	13,250	100	%