Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2303

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2303
---
, L.P.                 |     | Partnership Units |     |       |  48,666 |     |                      |  (4,813 | ) |     |             | — |     |              |   602 |     |              | (4,211 | ) |
| NexPoint SFR Operating Partnership, L.P.                 |     | Convertible Notes |     |       |  29,625 |     |                      |     275 |   |     |             | — |     |              |   563 |     |              |    838 |   |
| Claymore Holdings, LLC                                   |     | LLC Units         |     |       |       — |     |                      |       — |   |     |             | — |     |              |     — |     |              |      — |   |
| Allenby, LLC                                             |     | LLC Units         |     |       |       — |     |                      |       — |   |     |             | — |     |              |     — |     |              |      — |   |
| NexPoint Real Estate Finance Operating Partnership, L.P. |     | Partnership Units |     |       |  76,299 |     |                      |  (1,071 | ) |     |             | — |     |              | 2,921 |     |              |  1,850 |   |
| NexPoint Real Estate Finance, Inc.                       |     | Common Stock      |     |       |  32,907 |     |                      |    (462 | ) |     |             | — |     |              | 1,439 |     |              |    977 |   |
| VineBrook Homes Operating Partnership, L.P.              |     | Partnership Units |     |       | 166,463 |     |                      |  (4,625 | ) |     |             | — |     |              | 1,427 |     |              | (3,198 | ) |
| Total                                                    |     |                   |     | $     | 569,162 |     | $                    | (15,796 | ) |     | $           | — |     | $            | 7,051 |     | $            | (8,745 | ) |

<div align='center'>33

I-1843</div>

13. Commitments and Contingencies

Commitments

On December 8, 2022 and