Company: NXDT
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001437749-25-013177
Chunk: 122

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-25
Form: 424B3
Chunk 122
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 | % |     | Straight-line |     | 5.5 years    |
| Hyatt Place Park City          |     | $                 |  20,021,288 |     |  2.5 | % |     | Straight-line |     | 2 years      |
| Bradenton Hampton Inn & Suites |     | $                 |  19,871,818 |     |  2.5 | % |     | Straight-line |     | 2 years      |
| Total                          |     | $                 | 278,501,497 |     |      |   |     |               |     |              |

<div align='center'>82

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL HOLDERS AND MANAGEMENT</div>

The tables below set forth the beneficial ownership information of our Old Common Shares, Old Series A Preferred Shares and Old Series B Preferred Shares as of February 25, 2025 for:

| ● | each person known to us to be the beneficial owner of more than 5% of our Old Common Shares and Old Series A Preferred Shares; |

| ● | each of our named executive officers; |

| ● | each of our trustees; and |

| ● | all of our executive officers and trustees as a group. |

Unless otherwise noted below, the address of the persons and entities listed in the table is the address of our Adviser’s office, 300 Crescent Court, Suite 700, Dallas, Texas 75201. We have determined beneficial ownership in accordance with the rules of the SEC. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the table below have sole voting and investment power with respect to all Old Common Shares and Old Series A Preferred Shares reflected as beneficially owned, subject to applicable community property laws. No trustee or named executive officer owns any of the Old Series B Preferred Shares.

Beneficial ownership and percentage of beneficial ownership is based on 42,937,121.24 Old Common Shares outstanding at February 25, 2025, 3,359,593 Old Series A Preferred Shares outstanding at February 25, 2025 and 12,700 Old Series B Preferred Shares outstanding at February 25, 2025. Old Common Shares that a person has the right to acquire within 60 days of February 25, 2025 are deemed to be outstanding and beneficially owned by the person for the purpose of computing the percentage of beneficial