Subsidiary

Jurisdiction of Organization

NexPoint Real Estate Finance Operating Partnership, L.P.

Delaware

NexPoint Buffalo Pointe Holdings, LLC

Delaware

NexPoint Buffalo Pointe, LLC

Delaware

Nexpoint Hughes DST

Delaware

NexPoint Hughes Leaseco, LLC

Delaware

NexPoint Hughes Manager, LLC

Delaware

NexPoint Life Sciences DST

Delaware

Nexpoint WLIF I Borrower, LLC

Delaware

Nexpoint WLIF II Borrower, LLC

Delaware

NREA Casper Holdings, LLC

Delaware

NREA Casper Investment Co, LLC

Delaware

NREA Casper Leaseco, LLC

Delaware

NREA Casper, LLC

Delaware

NREF Alexander, LLC

Delaware

NREF Briar Forest, LLC

Delaware

NREF Casper, LLC

Delaware

NREF Center Pointe, LLC

Delaware

NREF Medley, LLC

Delaware

NREF Mercado, LLC

Delaware

NREF Mezz I Borrower, LLC

Delaware

NREF MGFV, LLC

Delaware

NREF MGFVI, LLC

Delaware

NREF MM, LLC

Delaware

NREF OP I, L.P.

Delaware

NREF OP II, L.P.

Delaware

NREF OP IV, L.P.

Delaware

NREF OP I Holdco, LLC

Delaware

NREF OP II Holdco, LLC

Delaware

NREF OP I SubHoldco, LLC

Delaware

NREF OP II SubHoldco, LLC

Delaware

NREF OP IV REIT Sub, LLC

Delaware

NREF OP IV REIT Sub TRS, LLC

Delaware

NREF OP IV SubHoldco, LLC

Delaware

NREF OP IV TRS, LLC

Delaware

NREF Palisades, LLC

Delaware

NREF Ridgeview, LLC

Delaware

NREF Rosemont, LLC

Delaware

NREF SK, LLC

Delaware

NREF Sub OP GP, LLC

Delaware

NREF Tivoli North Land, LLC

Delaware

SPG Alexander JV LLC

Delaware

LHNH Alexander LLC

Delaware