Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2562

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2562
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 accounting, auditing, and financial reporting experience, his primary responsibilities are to implement the financial and operational strategies of NREA’s public and private real estate investment trusts and registered investment funds as well as ensure timely and accurate accounting and reporting. Before joining in October 2011, Mr. Willmore began his career at Deloitte & Touche LLP as an auditor in the Audit and Enterprise Risk Services Group.

Mr. Willmore has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

| Exhibit 
 Number  
 10.1    | Exhibit Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 Separation Agreement, dated as of November 11, 2024, by and among NexPoint Advisors, L.P., NexPoint Residential Trust, Inc., NexPoint Real Estate Advisors, L.P., NexPoint Real Estate Finance, Inc., NexPoint Real Estate Advisors VII, L.P., NexPoint Diversified Real Estate Trust, NexPoint Real Estate Advisors X, L.P., VineBrook Homes Trust, Inc., NexPoint Real Estate Advisors V, L.P., NexPoint Homes Trust, Inc., NexPoint Real Estate Advisors XI, L.P., NexPoint Storage Partners, Inc., NexPoint Hospitality Trust and Brian Mitts. |
|:--------|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 104     | Cover Page Interactive Data File (embedded within the Inline XBRL document)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

<div align='center'>I-2052

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/ Brian Mitts                                 |
| Name: Brian Mitts                               |
| Title:   Chief Financial Officer, Executive VP- 
 Finance, Treasurer and Assistant Secretary      |

Date: November 14, 2024

<div align='center'>I-2053</div>

Exhibit 10.1

<div align='center'>SEPARATION AGREEMENT</div>

THIS SEPARATION AGREEMENT (the “”) is made and entered into as of November 11, 2024 by and among (i) NexPoint Advisors, L.P. (the “”), (ii) NexPoint Residential Trust, Inc. (“”), (iii