Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1789

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1789
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 |                      |  (1,461 | ) |     |             | — |     |                         |   — |     |              |  5,843 |     |              |   4,382 |   |
| NexPoint Real Estate Finance, Inc.                       |     | Common Stock      |     |       |  32,739 |     |                      |    (630 | ) |     |             | — |     |                         |   — |     |              |  2,877 |     |              |   2,247 |   |
| VineBrook Homes Operating Partnership, L.P.              |     | Partnership Units |     |       | 167,305 |     |                      |  (3,784 | ) |     |             | — |     |                         |   — |     |              |  2,866 |     |              |    (918 | ) |
| Total                                                    |     |                   |     | $     | 559,974 |     | $                    | (17,312 | ) |     | $           | — |     | $                       | 421 |     | $            | 14,181 |     | $            |  (2,710 | ) |

<div align='center'>41

I-1407</div>

14. Commitments and Contingencies

Commitments

On December 8, 2022 and in connection with a restructuring of NSP, the Company, together with the NSP Co-Guarantors, as guarantors, entered into a Sponsor Guaranty Agreement in favor of Extra Space pursuant to which the Company and the NSP Co-Guarantors guaranteed obligations of NSP with respect to accrued dividends on NSP’s newly created Series D Preferred Stock and two promissory notes in an aggregate principal amount of approximately $64.2 million issued to Extra Space. The guaranties by the Company and the NSP Co-Guarantors were capped at $97.6 million, and each of the Company and the NSP Co-Guarantors generally guaranteed the foregoing obligations of NSP up to the cap amount on a pro rata basis with respect to its percentage ownership of NSP’s common stock. On February 15, 2023, NSP paid down approximately $15.0 million of these promissory notes, resulting in an aggregate principal amount of approximately $49.2 million. On December 8, 2023, NS