Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1204

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1204
---
 Texas 75201                   
 Attention: Matt McGraner              |

| With a copy to:                    
 Wick Phillips                      
 3131 McKinney Avenue               
 Suite 100                          
 Dallas, Texas 75204                
 Attention: D. C. Sauter, Esq.      
 Email: d.c.sauter@wickphillips.com |

<div align='center'>[Signatures continued on next page]</div>

COMPLETION GUARANTY - Signature Page

59940-29/Cityplace Tower

<div align='center'>I-903</div>

|                                      |     | GUARANTOR: |
| HCRE PARTNERS, LLC,                  
 a Delaware limited liability company 
 By: /s/ Matt McGraner                
 Name: Matt McGraner                  
 Title: Authorized Signatory          |     |            |

| Address for purposes of notice: 
 HCRE Partners, LLC              
 300 Crescent Court, Suite 700   
 Dallas, Texas 75201             
 Attention: Matt McGraner        |

| With a copy to:                    
 Wick Phillips                      
 3131 McKinney Avenue               
 Suite 100                          
 Dallas, Texas 75204                
 Attention: D. C. Sauter, Esq.      
 Email: d.c.sauter@wickphillips.com |

COMPLETION GUARANTY - Signature Page

59940-29/Cityplace Tower

<div align='center'>I-904</div>

Exhibit 10.17

<div align='center'>GUARANTY OF REQUIRED EQUITY, REQUIRED PAY DOWN
AND MASTER LEASE</div>

THIS GUARANTY OF REQUIRED EQUITY, REQUIRED PAY DOWN AND MASTER LEASE (this "") is executed as of August 15, 2018, by NEXPOINT STRATEGIC OPPORTUNITIES FUND, a Delaware statutory trust, and HCRE PARTNERS, LLC, a Delaware limited liability company (individually and collectively, ""), for the benefit of ACORE CAPITAL MORTGAGE, LP, a Delaware limited partnership, in its capacity as Administrative Agent for and on behalf of the Lenders from time to time party to the Loan Agreement defined below (together with its successors and/or assigns, "").

<div align='center'>:</div>

WHEREAS, pursuant to that certain Loan Agreement dated of even date herewith among CP TOWER OWNER, LLC, a Delaware limited liability company, and CP LAND OWNER, LLC, a Delaware limited liability company (collectively, ""),