Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1471

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1471
---
30, 2023, is entered into by and among NexPoint SFR OP GP, LLC, a Delaware limited liability company (the “”), and the Persons (as defined below) who are admitted from time to time as limited partners in accordance with this Agreement and who have not subsequently withdrawn (the “” and, together with the General Partner, the “”), such persons being identified on the books and records of the Partnership.

WHEREAS, the Partnership was formed on and the original agreement of limited partnership of the Partnership was dated as of January 31, 2022 (the “”);

WHEREAS, the Initial Agreement was amended and restated effective as of June 8, 2022 (the “”) and the First A&R Agreement was subsequently amended by that certain First Amendment thereto, dated as of December 1, 2022; and

WHEREAS, the General Partner, following Partnership Board Approval, desires to amend and restate the First A&R Agreement, as amended, in its entirety as set forth herein in accordance with Section 14.1 of this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants herein contained, and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

<div align='center'>ARTICLE 1.

DEFINED TERMS</div>

The following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to the terms used in this Agreement.

” of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner, following Partnership Board Approval, using such reasonable method of valuation as it may adopt. Subject to hereof, the General Partner shall, following Partnership Board Approval, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

<div align='center'>I-1144</div>

” means the Delaware Revised Uniform Limited Partnership Act, 6 . C. §17-101, ., as it may be amended from time to time, and any successor to such statute.

” has the meaning set forth in .

” means a Person admitted to the Partnership as a Limited Partner pursuant to hereof and who is shown as such on the books and records of the Partnership.

” means the Capital Account maintained for each Partner as of