Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2427

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2427
---
 exchange, of any such jurisdiction.

Additional Information and Where to Find It

This Current Report on Form 8-K is being made in respect of the proposed transaction between the Company and the NHT Parties and New NHT. In connection with the proposed transaction, the Company will file with the SEC a registration statement on Form S-4, which will include an information circular and a prospectus, to register the shares of the Company stock that will be issued to Old NHT’s unitholders (the “Information Circular and Registration Statement”), as well as other relevant documents regarding the proposed transaction. INVESTORS ARE URGED TO READ IN THEIR ENTIRETY THE INFORMATION CIRCULAR AND REGISTRATION STATEMENT REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

A free copy of the Information Circular and Registration Statement, as well as other filings containing information about the Company, may be obtained at the SEC’s website (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from the Company at https://nxdt.nexpoint.com or by emailing ir@nexpoint.com.

<div align='center'>I-1953

SIGNATURES</div>

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

| NEXPOINT DIVERSIFIED REAL ESTATE TRUST |                                            |
| /s/ Matt McGraner                      |                                            |
| Name:                                  | Matt McGraner                              |
| Title:                                 | Executive VP, Chief Investment Officer and 
 Secretary                                  |

Date: November 25, 2024

<div align='center'>I-1954</div>

Exhibit 10.1

<div align='center'>AGREEMENT AND PLAN OF MERGER

dated as of November 22, 2024

by and among

NEXPOINT DIVERSIFIED REAL ESTATE TRUST,

NEXPOINT DIVERSIFIED REAL ESTATE TRUST OPERATING PARTNERSHIP, L.P.,

NXDT INTERMEDIARY, LLC,

NXDT HOSPITALITY HOLDCO, LLC,

NEXPOINT HOSPITALITY TRUST,

NHT INTERMEDIARY, LLC,

NHT HOLDINGS,