Company: NXDT
Filing Date: 2025-06-10
Form Type: S-8
Source: 0001437749-25-020001
Chunk: 2

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-10
Form: S-8
Chunk 2
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, LLP.                           |
| 23.1*            | Consent of KPMG LLP.                                  |
| 23.2*            | Consent of Tuan Olona, LLP (included in Exhibit 5.1)  |
| 24.1*            | Power of Attorney (included on signature page hereto) |
| 107*             | Filing Fee Table                                      |
| * Filed herewith |                                                       |

<div align='center'>2

SIGNATURES</div>

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Dallas, State of Texas, on June 10, 2025.

| NEXPOINT DIVERSIFIED REAL ESTATE TRUST |                                                                                  |
| By:                                    | /s/ Paul Richards                                                                |
| Name:                                  | Paul Richards                                                                    |
| Title:                                 | Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary |

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints James Dondero, Paul Richards, and Matt McGraner, and each of them, with the full power to act without the other, such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign, execute and file this Registration Statement, and any or all amendments thereto (including, without limitation, post-effective amendments), with all exhibits and schedules thereto, and other documents in connection therewith with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing necessary or desirable to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their substitute or substitutes, may lawfully do or cause to be done.

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

| Signature           
 /s/ James