Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1855

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1855
---
 Treasurer, Assistant Secretary and Trustee     |     | August 9, 2024 |
| Brian Mitts     |     | -Principal Financial Officer and Principal     
 Accounting Officer                             |     |                |

<div align='center'>84

I-1450</div>

Exhibit 10.2

### NEXPOINT HOSPITALITY TRUST

### AMENDED AND RESTATED DECLARATION OF TRUST
<div align='center'>Dated as of March 27, 2019

I-1451

TABLE OF CONTENTS</div>

Page

ARTICLE 1 THE TRUST AND DEFINITIONS 2

1.1 Definitions and Interpretation 2

1.2 Tax Act 7

1.3 Day Not a Business Day 7

1.4 Time of Essence 8

ARTICLE 2 DECLARATION OF TRUST 8

1.1 Establishment of the Trust 8

1.2 Initial Contribution 8

1.3 Name 8

1.4 Use of Name 8

1.5 Office 8

1.6 Nature of the Trust 9

1.7 Rights of Unitholders 9

ARTICLE 3 TRUSTEES AND OFFICERS 9

1.1 Number 9

1.2 Term 10

1.3 Qualifications of Trustees 10

1.4 Residency of Trustees 10

1.5 Election of Trustees 10

1.6 Independent Trustees 10

1.7 Resignations, Removal, Incapacity and Death of Trustees 11

1.8 Appointment of Trustees 11

1.9 Consent to Act 12

1.10 Failure to Elect Minimum Number of Trustees 12

1.11 Ceasing to Hold Office 12

1.12 Vacancies by Trustees 13

1.13 Successor and Additional Trustees 13

1.14 Compensation and Other Remuneration 14

1.15 Validity of Acts 14

ARTICLE 4 TRUSTEES’ POWERS AND DUTIES 14

1.1 General Powers 14

1.2 Specific Powers and Authorities 15

1.3 Further Powers of the Trustees 18

1.4 Banking 19

1.5 Standard of Care 19

1.6 Fees and Expenses 19

1.7 Reliance Upon Trustees 20

1.8 Determinations of Trustees Binding 20

1.9 Limitations on Liability