Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1218

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1218
---
 d.c.sauter@wickphillips.com |

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

GUARANTY OF REQUIRED EQUITY, REQUIRED PAY DOWN AND MASTER LEASE - Signature Page

59940-29/Cityplace Tower

<div align='center'>I-913</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             
 Email: mmcgraner@highlandcapital.com |

| 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 |

GUARANTY OF REQUIRED EQUITY, REQUIRED PAY DOWN AND MASTER LEASE - Signature Page

59940-29/Cityplace Tower

<div align='center'>I-914</div>

Exhibit 10.18

<div align='center'>JOINDER AGREEMENT OF NEW INDEMNITOR</div>

THIS JOINDER AGREEMENT OF NEW INDEMNITOR(this “Joinder Agreement”), is dated as of March 8, 2022, and is made by NEXPOINT DIVERSIFIED REAL ESTATE TRUST,a Delaware statutory trust (the “New Indemnitor”),NEXPOINT HOSPITALITY TRUST,a real estate investment trust formed under the laws of the Province of Ontario (“NexPoint Hospitality Trust”)and NEXPOINT REAL ESTATE ADVISORS, L.P.,a Delaware limited partnership (“NexPoint Advisors” and together with NexPoint Hospitality Trust, the “Existing Indemnitor”)in favor of and delivered to 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, “Administrative Agent”)under that certain Loan Agreement dated as of February 28, 2019, by and among 2325 STEMMONS TRS, INC., a Delaware