Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 127

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 127
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5 | % |     | Straight-line |     | 10 years     |
| St. Petersburg Marriott        |     | $                 |  20,325,604 |     |  2.5 | % |     | Straight-line |     | 5.5 years    |
| Hyatt Place Park City          |     | $                 |  20,021,288 |     |  2.5 | % |     | Straight-line |     | 2 years      |
| Bradenton Hampton Inn & Suites |     | $                 |  19,871,818 |     |  2.5 | % |     | Straight-line |     | 2 years      |
| Total                          |     | $                 | 278,501,497 |     |      |   |     |               |     |              |

<div align='center'>82

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL HOLDERS AND MANAGEMENT</div>

The tables below set forth the beneficial ownership information of our Old Common Shares, Old Series A Preferred Shares and Old Series B Preferred Shares as of February 25, 2025 for:

| ● | each person known to us to be the beneficial owner of more than 5% of our Old Common Shares and Old Series A Preferred Shares; |

| ● | each of our named executive officers; |

| ● | each of our trustees; and |

| ● | all of our executive officers and trustees as a group. |

Unless otherwise noted below, the address of the persons and entities listed in the table is the address of our Adviser’s office, 300 Crescent Court, Suite 700, Dallas, Texas 75201. We have determined beneficial ownership in accordance with the rules of the SEC. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the table below have sole voting and investment power with respect to all Old Common Shares and Old Series A Preferred Shares reflected as beneficially owned, subject to applicable community property laws. No trustee or named executive officer owns any of the Old Series B Preferred Shares.

Beneficial ownership and percentage of beneficial ownership is based on 42,937,121.24 Old Common Shares outstanding at February 25, 2025, 3,359,593 Old Series A Preferred Shares outstanding at February 25, 2025 and 12,700 Old Series B Preferred Shares outstanding at February 25, 2025. Old