NexPoint Diversified Real Estate Trust

300 Crescent Court, Suite 700

Dallas, TX 75201

July 30, 2024

BY EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

Re: NexPoint Diversified Real Estate Trust Registration Statement on Form S-3 Filed July 23, 2024 File No. 333-280953

Ladies and Gentlemen:

Pursuant to Rule 461 of the rules and regulations promulgated under the Securities Act of 1933, NexPoint Diversified Real Estate Trust respectfully requests that the effective date of the above-referenced Registration Statement be accelerated so as to permit it to become effective at 5:00 p.m. Washington D.C. time on August 1, 2024, or as soon thereafter as practicable.

Please call Charlie Haag of Winston & Strawn LLP at (214) 453-6494 to provide notice of the effectiveness of the Registration Statement.

[Signature Page Follows]

Very truly yours, NexPoint Diversified Real Estate Trust
By:	/s/ Brian Mitts
Name: Brian Mitts
Title: Chief Financial Officer, Executive VP- Finance, Treasurer and Assistant Secretary

cc: Charlie Haag, Winston & Strawn LLP Justin Reinus, Winston & Strawn LLP

[Signature Page to Acceleration Request]