Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1626

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1626
---
 are as follows (in thousands):

|            |     | Mortgages Payable |         |     | Credit Facilities |        |     | Notes Payable |        |     | Prime Brokerage Borrowing |       |     | Total |         |
|:-----------|:----|:------------------|--------:|:----|:------------------|-------:|:----|:--------------|-------:|:----|:--------------------------|------:|:----|:------|--------:|
| 2024       |     | $                 |       — |     | $                 | 20,897 |     | $             |      — |     | $                         |     — |     | $     |  20,897 |
| 2025       |     |                   | 252,492 |     |                   | 11,000 |     |               | 13,250 |     |                           |     — |     |       | 276,742 |
| 2026       |     |                   |       — |     |                   |      — |     |               |      — |     |                           |     — |     |       |       — |
| 2027       |     |                   |       — |     |                   |      — |     |               | 20,500 |     |                           |     — |     |       |  20,500 |
| 2028       |     |                   |       — |     |                   |      — |     |               |      — |     |                           |     — |     |       |       — |
| Thereafter |     |                   |  10,000 |     |                   |      — |     |               | 37,779 |     |                           | 1,412 |     |       |  49,191 |
| Total      |     | $                 | 262,492 |     | $                 | 31,897 |     | $             | 71,529 |     | $                         | 1,412 |     | $     | 367,330 |

<div align='center'>19

I-1293</div>

7. 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