Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1632

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1632
---
 |         — |     |   | (68,500      | ) |     |   | —                 |     |   |      (1,722 | ) |     |   |                (19,688 | ) |     |   |             41,148 |
| LP interest       |     |   |           223,141 |     |   |          3,467 |   |     |   |         — |     |   | —            |   |     |   | —                 |     |   |           — |   |     |   |                (30,621 | ) |     |   |            195,987 |
| Senior loan       |     |   |            43,341 |     |   |              — |   |     |   |     2,989 |     |   | (4,971       | ) |     |   | —                 |     |   |          11 |   |     |   |                    497 |   |     |   |             41,867 |
| Total             |     | $ |           686,936 |     | $ |        137,002 |   |     | $ |     3,444 |     | $ | (142,977     | ) |     | $ | —                 |     | $ |      (2,812 | ) |     | $ |                (93,064 | ) |     | $ |            588,529 |

<div align='center'>26

I-1300</div>

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy as of September 30, 2024.

| Category          |     | Valuation Technique            |     | Significant Unobservable Inputs                       |     | Input Value(s)    
 (Arithmetic Mean) |        |    |     |   |        |   |     |        |        |    |     |         |        |    |     | Fair Value |         |
|:------------------|:----|:-------------------------------|:----|:------------------------------------------------------|:----|:------------------|-------:|:---|:----|:--|-------:|:--|:----|:-------|-------:|:---|:----|