Company: NXDT
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001437749-25-011826
Chunk: 126

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-11
Form: S-4
Chunk 126
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 2031                |     |           |   1 |     |          |  10,101 |     |            |  0.74 | % |     |                     |  1.59 | % |     | $          |   259.72 |     |            |  3.46 | % |     |           | 25.71 |
| 2032                |     |           | N/A |     |          |     N/A |     |            |     0 | % |     |                     |     0 | % |     | $          |      N/A |     |            |     0 | % |     |           |   N/A |
| 2033 and thereafter |     |           |   3 |     |          |  91,320 |     |            |  6.69 | % |     |                     | 14.35 | % |     |            | 2,619.76 |     |            | 34.94 | % |     |           | 28.69 |
| Total               |     |           |  16 |     |          | 288,850 |     |            | 21.15 | % |     |                     | 45.38 | % |     |            | 7,497.47 |     |            | 100.0 | % |     |           |       |

<div align='center'>81

TAX BASIS AND DEPRECIATION</div>

The following table presents the federal tax basis, life claimed and depreciation percentage and method of our properties and improvements made, exclusive of furnishing costs, as of December 31, 2024:

| Property                       
 NXDT                           |     | Federal Tax Basis |             |     | Rate |   |     | Method        |     | Life claimed |
|:-------------------------------|:----|:------------------|------------:|:----|-----:|:--|:----|:--------------|:----|:-------------|
| Cityplace                      |     | $                 | 199,924,332 |     | 7.88 | % |     | Straight-line |     | 2.2 years    |
| NHT                            |     |                   |             |     |      |   |     |               |     |              |
| Dallas Hilton Garden Inn       |     | $                 |  18,358,455 |     |  2.