Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1750

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1750
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          |     |          2017 | -3 |     |                                   |  54 | % |     |               | N/A |   |
| Plano HomeWood Suites          |     | -2 | Plano, Texas            |     |          2017 | -3 |     |                                   |  54 | % |     |               | N/A |   |
| Las Colinas HomeWood Suites    |     | -2 | Las Colinas, Texas      |     |          2017 | -3 |     |                                   |  54 | % |     |               | N/A |   |
| St. Petersburg Marriott        |     | -2 | St. Petersburg, Florida |     |          2018 | -3 |     |                                   |  54 | % |     |               | N/A |   |
| Hyatt Place Park City          |     | -2 | Park City, Utah         |     |          2022 | -3 |     |                                   |  54 | % |     |               | N/A |   |
| Bradenton Hampton Inn & Suites |     | -2 | Bradenton, Florida      |     |          2022 | -3 |     |                                   |  54 | % |     |               | N/A |   |

<div align='center'>12

I-1378</div>

| (1) | NexPoint Dominion Land, LLC owns 100% of 21.5 acres of undeveloped land in Plano, Texas. |
| (2) | NHT owns 100% of the properties, and NXDT owns approximately 54% of NHT.                 |
| (3) | Reflects the date NHT or its predecessor acquired the property.                          |

<div align='center'>13

I-1379</div>

5. Consolidated Real Estate Investments

As of June 30, 2024, the major components of the Company’s investments in real estate held by SPEs the Company consolidates, which are included in "Consolidated Real Estate Investments" on the Consolidated Balance Sheet, were as follows (in thousands):

| Operating Properties                      |     | Land |        |     | Buildings and 
 Improvements  |         |   |     | Intangible Lease Assets |        |   |     | Intangible Lease 
 Liabilities      |        |   |     | Right of use assets |       |   |     | Construction in Progress |