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<!-- Creation Date :2026-03-31T07:03:49.1561+00:00 -->
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InternalizationFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Internalization Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InternalizationFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Internalization Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InternalizationFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Internalization Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends, Preferred Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPreferredStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Preferred share dividends declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPreferredStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Series A preferred stock distributions declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Related Party Transactions [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Related Party Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivatives and Fair Value [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value of Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockLakeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">White Rock Lake</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockLakeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">White Rock Lake [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockLakeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">White Rock Lake</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, shares issued (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Financial Position Location, Balance [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of Financial Position Location, Balance [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supplemental Disclosure of Noncash Activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Acquired, Average Cost Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock, per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Long-Term Debt Instruments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Long-Term Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Schedule of Long-Term Debt Indebtedness</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">April Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">April Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">April</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RecentTransactionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Recent Transaction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RecentTransactionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Recent Transaction [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RecentTransactionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recent Transaction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable, Amount Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution Rate per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SemiconductorDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Semiconductor DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SemiconductorDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Semiconductor DST [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SemiconductorDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Semiconductor DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Net of Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Tax Asset (Liability), net of Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and Contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares authorized (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Capital Loss Carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax assets, capital loss carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Capital loss carryover from prior year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Product and Service [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Interest Rate, Stated Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseDecreaseInDeferredTaxAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (Decrease) In Deferred Tax Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseDecreaseInDeferredTaxAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) In Deferred Tax Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseDecreaseInDeferredTaxAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromSaleOfRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from Sale of Real Estate, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromSaleOfRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale of Real Estate, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromSaleOfRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Cash Proceeds</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, at Carrying Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding Reconciliation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Denominator for loss per share:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Maturities of Long-Term Debt [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Maturities of Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to redeemable noncontrolling interests in the OP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentStatementOfOperationsSummaryTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Method Investment, Statement Of Operations Summary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentStatementOfOperationsSummaryTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Statement Of Operations Summary [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentStatementOfOperationsSummaryTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Method Investments, Statement of Operations Summary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LineOfCreditFacilityOptionalMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Line Of Credit Facility, Optional Maximum Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LineOfCreditFacilityOptionalMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility, Optional Maximum Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LineOfCreditFacilityOptionalMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, optional maximum borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable noncontrolling interests in the OP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Redeemable noncontrolling interest in the OP, January 1,</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares, issued (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/label">TEXAS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Texas</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Board of Directors Oversight [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputNAVPerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement Input, NAV per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputNAVPerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, NAV per Share [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputNAVPerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NAV per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Businesses, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payments to acquire businesses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIdentifierAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Identifier [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIdentifierAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment, Identifier [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Value, Acquired, Cost Method</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Retirement of common stock held in treasury</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock, value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition, Acquiree [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business Acquisition, Acquiree [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue from Contract with Customer [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hotel Revenue Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherInvesteesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nonconsolidated Investees, Other [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherInvesteesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nonconsolidated Investees, Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification, Comparability Adjustment [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification of Prior Year Activity on the Consolidated Statement of Cash Flows</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Interest Entities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Other Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of investments, related parties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Purchases of investments ($(12,108) and $(34,787) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredExpenseToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Expense To Comply With Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredExpenseToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Expense To Comply With Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredExpenseToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred expense to comply with cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TemporaryEquityNetIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Temporary Equity, Net Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TemporaryEquityNetIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss attributable to redeemable noncontrolling interests in the OP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnitsOfPartnershipInterestAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Units of partnership interest, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnitsOfPartnershipInterestAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Units of Partnership Interest, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M7DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M7 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M7DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M7 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M7DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M7</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities and Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">TOTAL LIABILITIES AND EQUITY</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in unrecognized tax benefits (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Contingency, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Tax Contingency, Percent, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Lived Tangible Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SummaryOfInvestmentHoldingsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Investment Holdings [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SummaryOfInvestmentHoldingsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Investment Holdings [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Building and Building Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings and improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Unrealized Gain Loss Included In Earnings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized gain/(loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to NexPoint SFR Operating Partnership, LP.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint SFR Operating Partnership, LP, Investment Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint SFR Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSettlementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Life settlement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSettlementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents life settlement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSettlementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Life Settlement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition, Percentage of Voting Interests Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of voting interests acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bradenton Hampton Inn &amp; Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bradenton Hampton Inn &amp; Suites [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bradenton Hampton Inn &amp; Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Bradenton Hampton Inn &amp; Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleOfIncomeTaxPaidTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Income Tax Paid [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleOfIncomeTaxPaidTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of income tax paid.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleOfIncomeTaxPaidTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Income Tax Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Valuation allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ExtinguishmentOfDebtAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Extinguishment of Debt, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ExtinguishmentOfDebtAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Extinguishment of debt, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">U.S. federal statutory rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expected Tax at U.S federal statutory rate (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash or Part Noncash Acquisition, Payables Assumed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest payable assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nontaxable and nondeductible items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Third Party Engaged [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective tax rate (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective tax rate (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Taxes Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income ($1484 and $2,600 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTenantsRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Tenants Rental Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTenantsRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of tenants rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTenantsRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of tenants rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Jurisdiction [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax assets, operating loss carryforwards, not subject to expiration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConversionExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of conversion expense.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConversionExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Conversion Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConversionExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Conversion expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Additional Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Additional Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory agreement, additional term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PurchaseCommitmentExcludingLongtermCommitmentTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Commitment, Excluding Long-Term Commitment [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PurchaseCommitmentExcludingLongtermCommitmentTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Company's Unfunded Commitments By Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents the NexPoint Real Estate Finance Operating Partnership, L.P. (the "OP").</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Real Estate Finance Operating Partnership, L.P. [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Real Estate Finance Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Life Sciences II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Variable Interest Entities [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant year two.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaximumCommonSharesIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Maximum Common Shares Issuable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaximumCommonSharesIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Maximum Common Shares Issuable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaximumCommonSharesIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory agreement, maximum common shares issuable (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments and Hedging Activities Disclosures [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments and Hedging Activities Disclosures [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecurityDividendsReinvested_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Security Dividends Reinvested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecurityDividendsReinvested_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Security Dividends Reinvested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecurityDividendsReinvested_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Equity security dividends reinvested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecurityDividendsReinvested_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Equity security dividends reinvested ($(2,660) and $(5,459) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Issuance Costs, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInMarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share-Based Payment Arrangement, Vesting in March</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInMarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Vesting in March [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInMarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MultipleOfNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Multiple of NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MultipleOfNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Multiple of NAV [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MultipleOfNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multiple of NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccruedRealEstateTaxesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition Accrued Real Estate Taxes Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccruedRealEstateTaxesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Accrued Real Estate Taxes Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccruedRealEstateTaxesCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accrued real estate taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O2024 Q4 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O2024 Q4 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024 Q4</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accretion to redemption value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Change in Redemption Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarriottUptownMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marriott Uptown [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarriottUptownMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marriott Uptown.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarriottUptownMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Marriott Uptown</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConversionOfStockAmountConverted1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Conversion of Stock, Amount Converted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConversionOfStockAmountConverted1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Conversion of stock, amount converted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromPaidInKindInterestAndDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Paid in kind Interest And Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromPaidInKindInterestAndDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from paid-in-kind interest and dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromPaidInKindInterestAndDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from paid-in-kind interest and dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromPaidInKindInterestAndDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Proceeds from paid-in-kind interest and dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromPaidInKindInterestAndDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Proceeds from paid-in-kind interest and dividends ($518 and $0 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant Accounting Policies [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Significant Accounting Policies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealizedInvestmentGainsLossesIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Realized Investment Gains (Losses), Including Noncash Amounts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealizedInvestmentGainsLossesIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Investment Gains (Losses), Including Noncash Amounts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealizedInvestmentGainsLossesIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Realized (gain) loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealizedInvestmentGainsLossesIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Realized (gain) loss ($3,344 and $339 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMSCStoreJVLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">AMS C-Store JV, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMSCStoreJVLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AMS C-Store JV, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMSCStoreJVLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">AMS C-Store JV, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanAndNoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Note A Loan And Note B Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanAndNoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Note A loan and Note B loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanAndNoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Note A Loan and Note B Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Secured Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prime brokerage borrowing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in DSTs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year Five [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant year five.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfCompanyOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">company wholly owned TRSs,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfCompanyOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Company Owned</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfCompanyOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of company owned</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Preferred Stock and Preference Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from issuance of preferred stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from issuance of Series B preferred shares through public offering, net of offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment, Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings (loss) per share - basic (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayments of long-term debt, total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Repayments of Long-Term Debt, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Credit facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Credit Facilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">April [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">April member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">April</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The number of equity-based payment instruments, excluding stock (or unit) options, that are expected to vest in next fiscal year following current fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Number, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Promissory Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Promissory Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Promissory Notes Due to Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Promissory Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Las Colinas HomeWood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Las Colinas HomeWood Suites [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Las Colinas HomeWood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Las Colinas Homewood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Interest Entity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Secured Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Prime brokerage payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revolving Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revolving Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsReceivableAndPrepaidAndOherAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts Receivable and Prepaid and Oher Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsReceivableAndPrepaidAndOherAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Receivable And Prepaid And Oher Assets [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsReceivableAndPrepaidAndOherAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts Receivable And Prepaid And Oher Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAccretionOfDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization (Accretion) Of Deferred Financing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAccretionOfDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization (Accretion) Of Deferred Financing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAccretionOfDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Fees Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Fees Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory fees payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Record Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable, Date of Record</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">R 2026 Q2 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">R 2026 Q2 dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">R 2026 Q2 Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidFederalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Paid, Federal, after Refund Received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidFederalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income Tax Paid, Federal, after Refund Received, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidFederalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfCommissionsAndDealerManagerFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment of Commissions and Dealer Manager Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfCommissionsAndDealerManagerFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment of Commissions and Dealer Manager Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfCommissionsAndDealerManagerFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paymentof commissions and dealer manager fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixturesAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fixtures and Equipment, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixturesAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, fixtures, and equipment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfFairMarketValueAdjustmentOfAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization Of Fair Market Value Adjustment Of Assumed Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfFairMarketValueAdjustmentOfAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Fair Market Value Adjustment Of Assumed Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfFairMarketValueAdjustmentOfAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of fair value adjustment of assumed debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LiabilitiesDirectlyAssociatedWithTheAssetsHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities Directly Associated With The Assets Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LiabilitiesDirectlyAssociatedWithTheAssetsHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Liabilities directly associated with the assets held for sale.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LiabilitiesDirectlyAssociatedWithTheAssetsHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities directly associated with the assets held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AddisonPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Addison Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AddisonPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Addison Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AddisonPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Addison Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Changes in Level 3 Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents convertible notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Convertible Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Convertible notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Convertible notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMUptownHotelLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents AM Uptown Hotel, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMUptownHotelLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AM Uptown Hotel, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AMUptownHotelLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">AM Uptown Hotel, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings (Accumulated Deficit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated earnings (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasVegasLandOwnerLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Las Vegas Land Owner, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasVegasLandOwnerLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Las Vegas Land Owner, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasVegasLandOwnerLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Las Vegas Land Owner, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasVegasLandOwnerLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Las Vegas Land Owner, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueAssetsAcquiredFromEquitySecurityDividendsReinvestedNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets Acquired From Equity Security Dividends Reinvested Non Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueAssetsAcquiredFromEquitySecurityDividendsReinvestedNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value assets acquired from equity security dividends reinvested non cash.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueAssetsAcquiredFromEquitySecurityDividendsReinvestedNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value assets acquired from equity security dividends reinvested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to BS borrower.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">BS Borrower [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BS Borrower</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Commitments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series A Preferred Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Preferred Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cross-border tax laws</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Well-known Seasoned Issuer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Well-known Seasoned Issuer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint Hospitality Trust, Inc.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionContingentConsiderationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Contingent Consideration [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionContingentConsiderationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Acquisition, Contingent Consideration [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentForeignTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Foreign Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase in dividends payable upon vesting of restricted stock units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase In Dividends Payable Upon Vesting Of Restricted Stock Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Increase in dividends payable upon vesting of restricted stock units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2024 Q1 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2024 Q1 Dividends Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024 Q1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReallocationOfNetLossAttributableToRedeemableOpHoldersToTemporaryEquityNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reallocation Of Net Loss Attributable To Redeemable Op Holders To Temporary Equity Non Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReallocationOfNetLossAttributableToRedeemableOpHoldersToTemporaryEquityNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reallocation of net loss attributable to redeemable op holders to temporary equity non cash.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReallocationOfNetLossAttributableToRedeemableOpHoldersToTemporaryEquityNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reallocation of net loss attributable to redeemable OP holders to temporary equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAvailableToCommonStockholdersNetOfAccumulatedEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Income (Loss) Available to Common Stockholders, Net of Accumulated Earnings (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAvailableToCommonStockholdersNetOfAccumulatedEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Available to Common Stockholders, Net of Accumulated Earnings (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAvailableToCommonStockholdersNetOfAccumulatedEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss attributable to common shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HyattPlaceParkCityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hyatt Place Park City</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HyattPlaceParkCityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hyatt Place Park City [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HyattPlaceParkCityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hyatt Place Park City</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HyattPlaceParkCityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Hyatt Place Park City</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments of Dividends, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payments of dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OccupancyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Occupancy [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OccupancyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rooms</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentDeferredTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt Instrument, Deferred Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentDeferredTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Deferred Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentDeferredTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferral period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxesExcludingIncomeAndExciseTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxes, Miscellaneous</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxesExcludingIncomeAndExciseTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes and insurance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impairment of Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITPromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NFRO SFR REIT Promissory Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITPromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NFRO SFR REIT Promissory Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITPromissoryNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NFRO SFR REIT Promissory Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LoanArrangementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan Arrangement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LoanArrangementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan Arrangement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LoanArrangementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Arrangement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Product and Service [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermUsedDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt Instrument, Extension Term, Used During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermUsedDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Extension Term, Used During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermUsedDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Extension Term, Used During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HUBResearchTriangleParkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">HUB Research Triangle Park</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HUBResearchTriangleParkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">HUB Research Triangle Park [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HUBResearchTriangleParkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">HUB Research Triangle Park</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expected Tax at U.S federal statutory rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cityplace [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cityplace.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cityplace</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeasePeriodOfExtensionOfMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lessee, Operating Lease, Period Of Extension Of Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeasePeriodOfExtensionOfMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Period Of Extension Of Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeasePeriodOfExtensionOfMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease, operating lease, renewal term (years)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities and Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">LIABILITIES AND EQUITY</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Directors, officers, employees and certain key employees of adviser.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Directors Officers Employees And Certain Key Employees Of Adviser [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Directors Officers Employees And Certain Key Employees Of Adviser</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonControllingInterestsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non Controlling Interests Assumed In Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonControllingInterestsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Controlling Interests Assumed In Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonControllingInterestsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Noncontrolling interests assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Operating Activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitiLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Citi Loan Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitiLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Citi Loan Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitiLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Citi Loan Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common Shares</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share repurchase program.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskRoleOfManagementTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Role of Management [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year One</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentsForAssetAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments for Asset Acquisitions</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentsForAssetAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceMezzNote1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Mezzanine note 1.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Fee Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Fee Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory fee percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidByIndividualJurisdictionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Paid, by Individual Jurisdiction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Liabilities, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred Tax Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInAccountingPrincipleAccountingStandardsUpdateImmaterialEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostDepreciationAmortizationAndDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cost, Depreciation, Amortization and Depletion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostDepreciationAmortizationAndDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionLand_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Supplemental Cash Flow Information [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supplemental Disclosure of Cash Flow Information</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate caps</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Name of Property [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Name of Property [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LossesOnRealEstateHeldForSaleIncludedInImpairmentLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Losses on real estate held for sale included in impairment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LossesOnRealEstateHeldForSaleIncludedInImpairmentLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Losses on real estate held for sale included in impairment loss.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">R 2026 Q3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">R 2026 Q3 dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">R 2026 Q3 Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInterestRateCap_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Interest-Rate Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInterestRateCap_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Interest-Rate Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInterestRateCap_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-rate cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Financial Position Location, Balance [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of Financial Position Location, Balance [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property management fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Property management fees ($670 and $734 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointStoragePartnersIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint Storage Partners, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointStoragePartnersIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Storage Partners, Inc [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointStoragePartnersIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NSP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointStoragePartnersIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NexPoint Storage Partners, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">SEC Schedule, 12-28, Real Estate Companies, Investment In Real Estate, Held For Sale Property, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment In Real Estate, Held For Sale Properties, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Held for Sale Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Right-of-Use Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Right-of-use asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right-of-use assets ($534 and $712 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Tax Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deferred tax assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PeriluneAeroEquityHoldingsOneLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Perilune Aero Equity Holdings One, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PeriluneAeroEquityHoldingsOneLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Perilune Aero Equity Holdings One, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PeriluneAeroEquityHoldingsOneLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Perilune Aero Equity Holdings One, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PeriluneAeroEquityHoldingsOneLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Perilune Aero Equity Holdings One, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Guarantor Obligations, Current Carrying Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Guarantor obligations, current carrying value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss attributable to noncontrolling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net (income) loss attributable to noncontrolling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture fixtures and equipment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Furniture, Fixtures and Equipment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, Fixtures, and Equipment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Furniture, fixtures, and equipment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithoutCause_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Termination Threshold Without Cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithoutCause_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Termination Threshold Without Cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithoutCause_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination threshold without cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Land_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Land_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prime brokerage borrowing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Taxes Paid, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total income tax paid (refunded)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TypeOfArrangementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TypeOfArrangementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collaborative Arrangement and Arrangement Other than Collaborative [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary, Ownership Percentage, Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective ownership (as a percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Net Consolidated Real Estate Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ArrangementsAndNonarrangementTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ArrangementsAndNonarrangementTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collaborative Arrangement and Arrangement Other than Collaborative [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Life Science II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Life Science II DST [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Life Science II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DallasHiltonGardenInnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dallas Hilton Garden Inn</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DallasHiltonGardenInnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dallas Hilton Garden Inn [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DallasHiltonGardenInnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas Hilton Garden Inn</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DallasHiltonGardenInnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Dallas Hilton Garden Inn</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentsForLifeSettlementPremiums_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments For Life Settlement Premiums</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentsForLifeSettlementPremiums_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Life Settlement Premiums</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentsForLifeSettlementPremiums_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">(Gain) on sales of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnAndSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bradenton Hampton Inn And Suites [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnAndSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bradenton hampton inn and suites.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BradentonHamptonInnAndSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bradenton Hampton Inn &amp; Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolvingCreditFacilityNXDTSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Revolving Credit Facility, NXDT Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolvingCreditFacilityNXDTSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revolving Credit Facility, NXDT Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolvingCreditFacilityNXDTSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revolving Credit Facility, NXDT Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Approach and Technique [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Approach and Technique [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in cash, cash equivalents and restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedInvestmentIncomeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Investment Income Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedInvestmentIncomeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest and dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Las Colinas, Texas [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LasColinasTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Las Colinas, Texas.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDiversifiedRealEstateTrustOPGPLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint Diversified Real Estate Trust OP GP, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDiversifiedRealEstateTrustOPGPLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Diversified Real Estate Trust OP GP, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDiversifiedRealEstateTrustOPGPLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Diversified Real Estate Trust OP GP, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupClassificationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Classification [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdMaterialBreachOfContract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Termination Threshold, Material Breach Of Contract</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdMaterialBreachOfContract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Termination Threshold, Material Breach Of Contract</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdMaterialBreachOfContract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination threshold, material breach of contract</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, par value per share (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NSP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NSP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NSP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NFRO SFR REIT, LLC Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NFRO SFR REIT, LLC Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NFRO SFR REIT, LLC Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred equity method investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingCostsAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Costs and Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingCostsAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related party transaction, expenses from transactions with related party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M3 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">General Partners' Capital Account, Units Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General partners' capital account, units outstanding (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable to Banks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTrusts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Trusts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTrusts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Trusts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfTrusts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of trusts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Other Operating Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputEbitdaMultipleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, EBITDA Multiple [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputEbitdaMultipleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multiple of EBITDA</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Realized gains (losses)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Realized (gains) losses from non-real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized (gains) losses from non-real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Realized gains (losses) ($3,344 and $339 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Financial Statement Error Correction [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Financial Statement Error Correction [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Property and Other Taxes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInPropertyAndOtherTaxesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in DSTs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contributions/ Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREOTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NREO TRS, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREOTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NREO TRS, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREOTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NREO TRS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketable Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments, at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investments, at fair value ($421,746 and $493,909 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Notional Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notional</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HudsonAdvisorsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hudson Advisors, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HudsonAdvisorsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hudson Advisors, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HudsonAdvisorsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hudson Advisors LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant Year Three Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year Three Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Long-Term Debt Instruments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Long-Term Debt Instruments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to redeemable noncontrolling interests in the OP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionConstructionInProgress_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Construction in progress</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionConstructionInProgress_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Construction in progress</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionConstructionInProgress_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction in progress</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule For Sale Of Real Estate Properties [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule For Sale Of Real Estate Properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Sale of Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_CA_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CALIFORNIA</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_CA_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">California</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MinimumManagementFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">the minimum management fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MinimumManagementFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Management Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MinimumManagementFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum management fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConvertibleNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Convertible Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConvertibleNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Convertible notes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MovementInMinorityInterestRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Noncontrolling Interest [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Difference Between Carrying Amount and Underlying Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis Difference</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexAnnuityHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexAnnuity Holdings Inc</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexAnnuityHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexAnnuity Holdings Inc [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexAnnuityHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexAnnuity Holdings, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InvestmentsMeasurementInput_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Value of input used to measure investment assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InvestmentsMeasurementInput_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, Measurement Input</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_InvestmentsMeasurementInput_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Input/Range Values</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Restricted stock units at the end of the period (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Restricted stock units at the beginning of the period (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unvested units (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedBalanceShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Balance, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedBalanceShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Shares (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Acquisition [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, shares outstanding (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total comprehensive income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithCause_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Termination Threshold With Cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithCause_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Termination Threshold With Cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerminationThresholdWithCause_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination threshold with cause</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PCBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">PC &amp; B Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PCBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">PC &amp; B Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PCBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">PC &amp; B Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasesOfInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchases Of Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasesOfInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchases of investments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasesOfInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchases of investments ($(14,210) and $(34,787) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Property maintenance costs, turn costs, salary and employee benefit costs, utilities and other property operating costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property operating expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Property operating expenses ($217 and $260 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average unvested restricted share units/ Weighted average number of common shares from assumed conversion of Series B Preferred Stock (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityLenderDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Lender [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityLenderDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of Credit Facility, Lender [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointRealEstateFinanceIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Real Estate Finance, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointRealEstateFinanceIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Real Estate Finance, Inc [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointRealEstateFinanceIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Real Estate Finance, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Measurement, Return Of Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement, Return Of Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Return of capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Equity, Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Redeemable noncontrolling interest in the OP, January 1,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Redeemable noncontrolling interest in the OP, December 31,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Total Operating Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LPInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents LP interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LPInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">LP Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LPInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LP interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LPInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">LP interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State and local tax expense - net of federal benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodValueAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Issued During Period, Value, Acquisition of Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodValueAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Value, Acquisition of Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodValueAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of noncontrolling interests in NHT</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Redemption Price Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, redemption price per share (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemption price per share (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointLifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Life Science II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointLifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Life Science II DST [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointLifeScienceIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Life Science II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Deferred Tax Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueLiquidationAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique, Liquidation Analysis [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueLiquidationAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation technique, liquidation analysis.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueLiquidationAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liquidation Analysis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax Assets, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax asset, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale and Maturity of Marketable Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions from CLO investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Nonconsolidated Investee [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Method Investment, Nonconsolidated Investee [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecuritiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketable Securities, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecuritiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation of Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">General and Administrative Expense, Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">General and Administrative Expense, Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property general and administrative expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Property general and administrative expenses ($276 and $271 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AddisonTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Addison, Texas [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AddisonTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Addison, Texas.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidForeignAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Paid, Foreign, after Refund Received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidForeignAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income Tax Paid, Foreign, after Refund Received, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidForeignAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M8DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M8</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M8DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M8 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M8DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M8 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_NameOfMajorCustomerDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Customer [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_NameOfMajorCustomerDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Operating Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Operating assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2026 M1 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2026 M1 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 M1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interests [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable noncontrolling interests.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Commitments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionIntangibleLeaseAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Intangible Lease Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionIntangibleLeaseAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition intangible lease assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionIntangibleLeaseAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible lease assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Raymond James Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Raymond James Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Raymond James Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityPurchaseCommitmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred Equity Purchase Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityPurchaseCommitmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Equity Purchase Commitment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredEquityPurchaseCommitmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Lease, Description [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lessor, Lease, Description [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 Q4 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 Q4 Dividends Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 Q4</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockSellingCommissionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred Stock, Selling Commission Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockSellingCommissionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Selling Commission Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockSellingCommissionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Selling commissions (as a percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable Series B Preferred Shares, $0.001 par value: 16,000,000 authorized; 911,003 and 0 shares issued and outstanding, respectively</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Redeemable Series B Preferred Shares, January 1,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Redeemable Series B Preferred Shares, December 31,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Real Estate Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Value, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series A Preferred Shares, $0.001 par value: 4,800,000 shares authorized; 3,359,593 and 3,359,593 shares issued and outstanding, respectively</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of distributions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of distributions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in and Advances to Affiliates, Schedule of Investments [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate Subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyTransactionMonthlyExpensesFromTransactionsWithRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related Party Transaction, Monthly Expenses From Transactions With Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyTransactionMonthlyExpensesFromTransactionsWithRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction, Monthly Expenses From Transactions With Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyTransactionMonthlyExpensesFromTransactionsWithRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related party transaction, monthly expenses from transactions with related party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average grant date fair value, granted (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granted [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granted.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Intangible Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of intangible assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonClassBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class B [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonClassBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Class B</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfOtherDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Other Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfOtherDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Mortgage payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPNREFOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint Real Estate Finance Operating Partnership, LP (&#8220;NREF OP&#8221;).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPNREFOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Real Estate Finance Operating Partnership, LP (NREF OP) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPNREFOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NREF</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Taxable REIT Subsidiary One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxable REIT Subsidiary One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxable REIT Subsidiary One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) on Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Change in unrealized (gains) losses from non-real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Change in Unrealized Gain/(Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in unrealized losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Change in unrealized losses (($78,130) and ($18,829) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred share dividends declared (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Series A preferred stock distributions declared (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Rate per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DevelopmentInProcess_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Development in Process</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DevelopmentInProcess_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction in progress</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets Measured on Recurring Basis [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Assets at Fair Value on a Recurring Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased and Retired During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repurchases of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accumulated depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balances (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balances (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxCreditCarryforwardTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Credit Carryforward [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxCreditCarryforwardTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax Credit Carryforward [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash and Cash Equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Leases [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Storage Partners Operating Company, LLC, Investment Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Storage Partners Operating Company, LLC, Investment Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Storage Partners Operating Company, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Restricted stock units weighted-average grant date fair value at the end of the period (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Restricted stock units weighted-average grant date fair value at the beginning of the period (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-based compensation expense (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Lease liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Total lease liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease liability ($546 and $721 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfIntangibleLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of amortization of intangible lease liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfIntangibleLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Intangible Lease Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationOfIntangibleLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of intangible lease assets and liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Firm ID</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Firm ID</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_St.PetersburgMarriottMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">St. Petersburg Marriott</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_St.PetersburgMarriottMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">St. Petersburg Marriott [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_St.PetersburgMarriottMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">St. Petersburg Marriott</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_St.PetersburgMarriottMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">St. Petersburg Marriott</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Basis Spread on Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reference Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Reference rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Dividend Rate, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, dividend rate, percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScenarioForecastMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Forecast [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScenarioForecastMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Forecast</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfCommonStockDividendPaidAsCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage Of Common Stock, Dividend Paid As Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfCommonStockDividendPaidAsCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Common Stock, Dividend Paid As Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfCommonStockDividendPaidAsCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of common stock, dividend paid as cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Benchmark [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentShareOfEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Method Investment, Share Of Earnings (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentShareOfEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Share Of Earnings (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentShareOfEarningsLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share of Earnings (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfNotesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of Notes Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfNotesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Notes Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfNotesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of notes issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HospitalitySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hospitality Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HospitalitySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hospitality Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HospitalitySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hospitality</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M12DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M12 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M12DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M12 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M12DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M12</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in valuation allowance (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Held for Development and Sale, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Held for Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Storage Partners Operating Company, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Storage Partners Operating Company, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Storage Partners Operating Company, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxCreditCarryforwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Credit Carryforward [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxCreditCarryforwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax Credit Carryforward [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date Range, Start</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earliest maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeStart1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maturity Date, Earliest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Investment in real estate, gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableOtherPayablesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable, Other Payables [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableOtherPayablesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Payable, Other Payables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSemiconductorManufacturingDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Semiconductor Manufacturing DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSemiconductorManufacturingDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Semiconductor Manufacturing DST [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSemiconductorManufacturingDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Semiconductor Manufacturing DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteA1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Note A-1.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteA1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CityPlace Note A-1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteA1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CityPlace Note A-1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GabrielLegacyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Gabriel Legacy, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GabrielLegacyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gabriel Legacy, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GabrielLegacyLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gabriel Legacy, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases, Acquired-in-Place [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leases, Acquired-in-Place</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NeimanMarcusGroupLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Neiman Marcus Group, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NeimanMarcusGroupLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Neiman Marcus Group, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NeimanMarcusGroupLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Neiman Marcus Group, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Term Debt, Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionContingentConsiderationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Contingent Consideration [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionContingentConsiderationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Acquisition, Contingent Consideration [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average common shares outstanding - basic (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average common shares outstanding (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2026 M3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2026 M3 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 M3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Accumulated Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StatementScenarioAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Scenario [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPercentageOfSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Percentage of Shares Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPercentageOfSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Percentage of Shares Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPercentageOfSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of shares acquired (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation Changes in Unrecognized Tax Benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Effective income tax rate reconciliation changes in unrecognized tax benefits.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in unrecognized tax benefits (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Changes in unrecognized tax benefits (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationOtherReconcilingItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationOtherReconcilingItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other reconciling items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Effective Income Tax Rate Reconciliation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash or Part Noncash Acquisition, Debt Assumed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes payable assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Lived Tangible Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BondMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Bond.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BondMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bond [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BondMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bond</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSciencesIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Life Sciences II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSciencesIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Life Sciences II DST [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LifeSciencesIIDSTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Life Sciences II DST</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EnterpriseValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to Enterprise Value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EnterpriseValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Enterprise Value [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to CMBS Borrower.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CMBS Borrower [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSBorrowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CMBS Borrower</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Credit, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Tax Credit, Percent, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax credits (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Tax credits (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentExpectedMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase Commitment, Expected Maximum Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentExpectedMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Commitment, Expected Maximum Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentExpectedMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expected maximum commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional principal amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mortgages payable, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions Disclosure [Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OvernightBankFundingRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Overnight Bank Funding Rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OvernightBankFundingRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Overnight Bank Funding Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OvernightBankFundingRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Overnight Bank Funding Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Non-taxable REIT income (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFNexPointSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NREFNex Point Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFNexPointSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NREFNex Point Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFNexPointSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NREFNex Point Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in valuation allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Shareholders' Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments to Acquire Investments, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisitions of consolidated real estate investments</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, par value (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Variable Interest Entities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Variable Interest Entities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments in SPEs Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Accounting, Policy [Policy Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of Stockholders' Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investments, Net</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQHoldingsLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">IQHQ Holdings, LP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQHoldingsLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">IQHQ Holdings, LP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQHoldingsLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">IQHQ Holdings, LP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NotesPayableIssuedInMergerOfNexPointHospitalityTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes payable issued in merger of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NotesPayableIssuedInMergerOfNexPointHospitalityTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable Issued in Merger of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NotesPayableIssuedInMergerOfNexPointHospitalityTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Notes payable issued in merger of NexPoint Hospitality Trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Equity method investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity method investments ($700 and $407 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of paid in kind interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Paid In Kind Interest Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paid-in-kind interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Paid-in-kind interest and dividends (($5,743) and ($5,845) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Approach and Technique [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Approach and Technique [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonCashDistributionPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non-Cash Distribution Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonCashDistributionPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-Cash Distribution Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NonCashDistributionPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-cash distribution payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series A Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series A Preferred Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Series A Preferred Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Equity Method Investments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Common [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Held in Treasury at Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Underlying Equity in Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share of Investee's Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal, State, and Local, Income Tax Expense (Benefit), Continuing Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Federal, State, and Local, Income Tax Expense (Benefit), Continuing Operations, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. state</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Taxable REIT Subsidiary Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxable REIT Subsidiary Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TaxableREITSubsidiaryTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxable REIT Subsidiary Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized Gain (Loss) On Investments, Including Noncash Amounts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) On Investments, Including Noncash Amounts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized (gain) loss on investments held at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net change in unrealized loss on investments held at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net change in unrealized loss on investments held at fair value ($78,130 and $18,829 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ex-Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable, Date Declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Dividend payable declared date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueMultiplesAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation Technique, Multiples Analysis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueMultiplesAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique, Multiples Analysis [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueMultiplesAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multiples Analysis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Investment Owned, Fair Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Investment Owned, Fair Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Weighted Average Interest Rate, at Point in Time</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Indebtedness at a weighted average rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCollateralAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Collateral Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCollateralAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, collateral amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputDiscountRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Discount Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputDiscountRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income (Loss) from Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity in income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Equity in income (losses)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Equity in (income) losses of unconsolidated equity method ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Equity in (income) losses of unconsolidated ventures ($292 and $649with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity in (losses) income ($292 and $649 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PrimeBrokerageBorrowingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Prime Brokerage Borrowing.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PrimeBrokerageBorrowingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prime Brokerage Borrowing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PrimeBrokerageBorrowingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prime Brokerage Borrowing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PrimeBrokerageBorrowingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Prime Brokerage Borrowing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid Expense and Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Prepaid and other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid and other assets ($0 and $7,315 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherOwnershipInterestsUnitsIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Ownership Interests, Units Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherOwnershipInterestsUnitsIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other ownership interests, units issued (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments and Hedging Activities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingOtherItemAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, Other Segment Item, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingOtherItemAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other segment items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AshmoreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ashmore [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AshmoreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ashmore.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AshmoreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ashmore</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Operating and Nonoperating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense and commitment fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockDealerManagerFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred Stock, Dealer Manager Fee, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockDealerManagerFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Dealer Manager Fee, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PreferredStockDealerManagerFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dealer manager fee (as a percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granted Axis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granted Axis [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Granted Axis [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOutstandingCommonStockOwn_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Outstanding Common Stock Own</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOutstandingCommonStockOwn_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of outstanding common stock own.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOutstandingCommonStockOwn_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of ownership</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Note A loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Note A loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Note A loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteALoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Note A Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Ownership Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Ownership percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage Ownership</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current State and Local Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. state</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsCapitalLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets Capital Loss Carryforwards Utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsCapitalLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets Capital Loss Carryforwards Utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsCapitalLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Capital loss carryover to be utilized in current year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Investments, at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Investments, at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments, at fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Expertise of Management Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTPCBLoanDebtExtensionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT PC &amp; B Loan Debt Extension</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTPCBLoanDebtExtensionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT PC &amp; B Loan Debt Extension [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTPCBLoanDebtExtensionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT PC &amp; B Loan Debt Extension</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTPCBLoanDebtExtensionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NHT - PC &amp; B Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdvanceRent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advance Rent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdvanceRent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid rents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexBank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexBank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexBank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Right-Of-Use Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Right-Of-Use Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right-of-use asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Buildings and improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Buildings and improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings and improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related and Nonrelated Parties [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Income Taxes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Storage Partners Operating Company, LLC, Investment One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Storage Partners Operating Company, LLC, Investment One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Storage Partners Operating Company, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O2025 Q2 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O2025 Q2 dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 Q2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AnnualAdvisoryFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage annual advisory fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AnnualAdvisoryFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Advisory Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AnnualAdvisoryFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual advisory fee, percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paid in- kind dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingStandardsUpdateExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaterialBreachOfContractTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Material Breach Of Contract, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaterialBreachOfContractTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Material Breach Of Contract, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementMaterialBreachOfContractTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Material breach of contract, term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrual for Taxes Other than Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued real estate taxes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company repurchased common shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased During Period, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClassBUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class B Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClassBUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class B Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClassBUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class B Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Reportable Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of reportable segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentVariableInterestRateTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLCInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents LLC interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLCInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">LLC Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLCInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LLC interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLCInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">LLC interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Outstanding principle amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory agreement, term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt, Weighted Average Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt, weighted average interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, All Other Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Counterparty Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Note B-2.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CityPlace Note B-2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CityPlace Note B-2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesBankNAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Raymond James Bank, N.A</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesBankNAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Raymond James Bank, N.A [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesBankNAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Raymond James Bank, N.A</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HaygoodLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Haygood, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HaygoodLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Haygood, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HaygoodLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Haygood, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliNorthPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Tivoli North Property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliNorthPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tivoli North Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliNorthPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tivoli North Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromOtherDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Other Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromOtherDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mortgage proceeds received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromOtherDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage proceeds received ($0 and $9,900 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Carrying Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLVHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents LLV Holdco, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLVHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">LLV Holdco, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLVHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">LLV Holdco, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LLVHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LLV Holdco</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexvestRealtyAdvisorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to NexVest Realty Advisors.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexvestRealtyAdvisorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexVest Realty Advisors [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexvestRealtyAdvisorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexVest Realty Advisors</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesPursuantToDividendReimbursementPlanThatWasTerminated_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents number of shares issued during the period pursuant to dividend reimbursement plan that was terminated.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesPursuantToDividendReimbursementPlanThatWasTerminated_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period Shares Pursuant To Dividend Reimbursement Plan That Was Terminated</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesPursuantToDividendReimbursementPlanThatWasTerminated_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common shares pursuant to terminated dividend reinvestment plan (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable and Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable and other accrued liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnadjustedPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to Unadjusted Price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnadjustedPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unadjusted Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UnadjustedPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unadjusted Price/MHz-PoP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NFRO SFR REIT, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NFRO SFR REIT, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NFROSFRREITLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NFRO SFR REIT, LLC One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Construction in Progress Expenditures Incurred but Not yet Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionInProgressExpendituresIncurredButNotYetPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes payable assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SummaryOfInvestmentHoldingsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holdings [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SummaryOfInvestmentHoldingsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Investment Holdings [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments and Joint Ventures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title and Position [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of Individual [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ICFR Auditor Attestation Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICFR Auditor Attestation Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024 Q3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O2024 Q3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O2024 Q3 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Redeemed or Called During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemption of interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecuritiesNumberOfValuesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Securities, Number of Values Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecuritiesNumberOfValuesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, Number of Values Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquitySecuritiesNumberOfValuesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of values acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Description of Variable Rate Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, description of reference rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdjustmentsToAdditionalPaidInCapitalRelatedToMerger_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Adjustments To Additional Paid In Capital Related To Merger</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdjustmentsToAdditionalPaidInCapitalRelatedToMerger_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash adjustments to additional paid in capital related to merger.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdjustmentsToAdditionalPaidInCapitalRelatedToMerger_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change to APIC from the merger of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Financial Position [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of Financial Position [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock Units (RSUs) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Stock Units (RSUs)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net (income) loss attributable to noncontrolling interests in NHT</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookHomesOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">VineBrook Homes Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookHomesOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">VineBrook Homes Operating Partnership, L.P. [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookHomesOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VineBrook Homes Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Antidilutive Security, Excluded EPS Calculation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestAndDividendsOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of paid in kind interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestAndDividendsOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Paid In Kind Interest and Dividends, Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaidInKindInterestAndDividendsOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Paid-in-kind interest (($4,278) and ($5,845) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Liabilities, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred Tax Asset (Liability), net of Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Unused Borrowing Capacity, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unused borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total current tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchaseProgramPeriodInForce1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program, Period in Force</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchaseProgramPeriodInForce1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock repurchase program period in force</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateLiabilitiesAssociatedWithAssetsHeldForDevelopmentAndSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Liabilities Associated with Assets Held for Development and Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateLiabilitiesAssociatedWithAssetsHeldForDevelopmentAndSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities directly associated with the assets held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointSfrOperatingPartnershipLpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint SFR Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointSfrOperatingPartnershipLpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint SFR Operating Partnership, LP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointSfrOperatingPartnershipLpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint SFR Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointSfrOperatingPartnershipLpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NexPoint Real Estate Finance Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in tax laws or rates enacted in the current period (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseDiscountRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Discount Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseDiscountRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease discount rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Note B-1.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CityPlace Note B-1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteB1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CityPlace Note B-1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisor</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisor [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisor</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options nonvested number year five.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Number, Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029 (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceMezzNote2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Mezzanine note 2.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceMezzNote2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CityPlace Mezz Note-2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceMezzNote2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CityPlace Mezz Note-2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instruments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized tax loss on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to the BS loan agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">BS Loan Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_BSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BS Loan Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_JuneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">June Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_JuneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">June.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_JuneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">June</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossAttributableToParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income (Loss) Attributable to Parent, before Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossAttributableToParent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) before income taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueOptionPricingModelMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique, Option Pricing Model [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueOptionPricingModelMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option Pricing Model</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarketRentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Market Rent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarketRentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Market Rent [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarketRentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market Rent (per sqft)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Income Tax Expense (Benefit), Continuing Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Foreign Income Tax Expense (Benefit), Continuing Operations, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPPartnershipUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint SFR Operating Partnership, LP - Partnership Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPPartnershipUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint SFR Operating Partnership, LP - Partnership Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPPartnershipUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint SFR Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions from equity method investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Dividends, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common share dividends declared (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock distributions declared (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionNotesPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Notes Payable, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionNotesPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Notes Payable, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionNotesPayableNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Notes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Groups, Including Discontinued Operations [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionMortgagesPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Mortgages Payable, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionMortgagesPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Mortgages Payable, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionMortgagesPayableNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Mortgages payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Hospitality Trust - Convertible Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Hospitality Trust - Convertible Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument, extension term.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Extension Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Extension term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finance Lease, Right-of-Use Asset, Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinanceLeaseRightOfUseAssetAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of leased assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tabular disclosure for the estimated useful lives of property, plant, and equipment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant, and Equipment, Estimated Useful Life [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Estimated Useful Life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Denominator for diluted loss per share (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average common shares outstanding - diluted (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Denominator for diluted earnings per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The percent of management fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ManagementFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fee, percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT Acquisition [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Ordinary Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Distributions paid to common shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other reconciling items (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net (income) loss attributable to redeemable noncontrolling interests in the OP</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Federal, State and Local, Tax Expense (Benefit) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OhioStateLifeInsuranceCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ohio State Life Insurance Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OhioStateLifeInsuranceCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ohio State Life Insurance Company [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OhioStateLifeInsuranceCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ohio State Life Insurance Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceTowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cityplace</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceTowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Cityplace Tower.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceTowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cityplace Tower [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityplaceTowerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cityplace Tower</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Raymond James</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Raymond James One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RaymondJamesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Raymond James.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputParMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Par [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputParMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input, par.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputParMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Par</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Forfeited (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentUnitPurchasesUnfundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase Commitment, Unit Purchases, Unfunded Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentUnitPurchasesUnfundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Commitment, Unit Purchases, Unfunded Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentUnitPurchasesUnfundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase commitment, unfunded amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchaseCommitmentUnitPurchasesUnfundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Unfunded Commitments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments and Hedging Activities Disclosures [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments and Hedging Activities Disclosures [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Benchmark [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue Benchmark</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Scenario [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgages [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Operating Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of Stock [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granted [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granted.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_The5916WLoop289Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents 5916 W Loop 289.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_The5916WLoop289Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">The 5916 W Loop 289 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_The5916WLoop289Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">5916 W Loop 289</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_The5916WLoop289Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">5916 W Loop 289</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2026 M4 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2026 M4 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 M4</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsOperatingLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets, Operating Loss Carryforwards Utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsOperatingLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Operating Loss Carryforwards Utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DeferredTaxAssetsOperatingLossCarryforwardsUtilized_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net operating loss carryover to be utilized in current year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Information</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">General and Administrative Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property general and administrative expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesBPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series B Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesBPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series B Preferred Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesBPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Series B Preferred Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments to reconcile net loss to net cash provided by (used in) operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Acquisitions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issued during period (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAmountAmortizedAsIncreaseToRentalRevenueForCapitalizedAboveAndBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Amount Amortized As Increase To Rental Revenue For Capitalized Above And Below Market Lease</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAmountAmortizedAsIncreaseToRentalRevenueForCapitalizedAboveAndBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Amount Amortized As Increase To Rental Revenue For Capitalized Above And Below Market Lease</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAmountAmortizedAsIncreaseToRentalRevenueForCapitalizedAboveAndBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net amount amortized as increase to rental revenue for capitalized above and below market lease</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to NexPoint Hospitality Trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Hospitality Trust, Investment Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointHospitalityTrustInvestmentTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Residential Trust, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SAFStorVenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents SAFStor Ventures.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SAFStorVenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SAFStor Ventures [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SAFStorVenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SAFStor Ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeDividend_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Dividend</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeDividend_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeDividend_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Dividend income ($30,394 and $28,528 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineLoanAgreementIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine Loan Agreement I</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineLoanAgreementIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Loan Agreement I [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineLoanAgreementIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Loan Agreement I</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Federal, State and Local, Tax Expense (Benefit) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Convertible, Conversion Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Conversion price (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in tax laws or rates enacted in the current period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsReceivableAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Accounts Receivable and Other Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsReceivableAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Accounts Receivable and Other Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsReceivableAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts receivable and other assets assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Real Estate Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of real estate properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EarningsPerShareBasicAndDilutedEPSAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Earnings Per Share, Basic And Diluted EPS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EarningsPerShareBasicAndDilutedEPSAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Basic And Diluted EPS [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EarningsPerShareBasicAndDilutedEPSAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss per weighted average common share:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInAprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share-Based Payment Arrangement, Vesting In April</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInAprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Vesting in April [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedPaymentArrangementVestingInAprilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">April</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment, Useful Life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, plant and equipment, useful life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recent Accounting Pronouncements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Lessee, Operating Lease, Liability, Maturity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OwnershipAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year Three [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant year three.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award vesting period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale of Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sales Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Depreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Depreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFeesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shares Issued To Advisor For Admin And Advisory Fees, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFeesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued To Advisor For Admin And Advisory Fees, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFeesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued to Adviser for admin and advisory fees (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesSold_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties sold.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of real estate properties sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holdings, Schedule of Investments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Corporate general and administrative expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Corporate General And Administrative Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate general and administrative expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock, shares, outstanding (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Common Stock, Shares, Outstanding, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Common Stock, Shares, Outstanding, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares, outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashPrepaidAssetsAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Prepaid Assets And Other Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashPrepaidAssetsAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Prepaid Assets And Other Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashPrepaidAssetsAndOtherAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid assets and other assets assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation, Depletion and Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes Integrated [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashRightOfUseAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Right of Use Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashRightOfUseAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Right of Use Assets Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashRightOfUseAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right of use assets assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashRightOfUseAssetsAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Change to APIC from the merger of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalizationRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents capitalization rates.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalizationRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capitalization Rates [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalizationRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalization Rates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorObligationSeverallyLiablePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Guarantor Obligation, Severally Liable, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorObligationSeverallyLiablePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Guarantor Obligation, Severally Liable, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorObligationSeverallyLiablePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Guarantor obligation, severally liable, percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Tax Assets, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents the senior loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Senior Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Senior loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Senior loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2024 Q2 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024 Q2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2024Q2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2024 Q2 Dividends Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Impairment Charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostOfRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cost of Revenue</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostOfRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cityplace Tower reimbursed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeasesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Leases [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeasesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique, Discounted Cash Flow [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discounted Cash Flow</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repurchase of common shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Net Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsInvestmentBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Method Investments, Investment Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsInvestmentBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments, Investment Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsInvestmentBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPrepaidAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Prepaid And Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPrepaidAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Prepaid And Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionPrepaidAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid and other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) on Derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized gain (loss) on derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized (gain) loss on interest rate derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MerrillLynchProfessionalClearingCorpBAMLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Merrill Lynch Professional Clearing Corp (&#8220;BAML&#8221;).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MerrillLynchProfessionalClearingCorpBAMLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Merrill Lynch Professional Clearing Corp (BAML) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MerrillLynchProfessionalClearingCorpBAMLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Merrill Lynch Professional Clearing Corp (BAML)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital Acquisition Partners, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Acquisition Partners, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Acquisitions Partners, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Federal Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant Year Two Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year Two Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearTwoMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NXDTHospitalityHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NXDT Hospitality Holdco, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NXDTHospitalityHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NXDT Hospitality Holdco LLC [Member[</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NXDTHospitalityHoldcoLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NXDT Hospitality Holdco LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shareholders' Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionsPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital Acquisitions Partners, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionsPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Acquisitions Partners, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CapitalAcquisitionsPartnersLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Acquisitions Partners, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings (Loss) Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Discontinued Operations and Disposal Groups [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-Based Payment Arrangement, Restricted Stock Unit, Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Fair value, ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Fair value, beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes Integrated [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) attributable to common shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total net income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminalCapitalizationRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Terminal Capitalization Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminalCapitalizationRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Terminal Capitalization Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminalCapitalizationRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Terminal Capitalization Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series E Preferred Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesEPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series E Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFloorInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Floor Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFloorInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Strike Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsByJurisdictionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsByJurisdictionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total income tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupNotDiscontinuedOperationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group, Not Discontinued Operations [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentNumberOfExtensionPeriods_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt Instrument, Number Of Extension Periods</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentNumberOfExtensionPeriods_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Number Of Extension Periods</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentNumberOfExtensionPeriods_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of extension terms</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DealerManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dealer Manager [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DealerManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dealer Manager.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DealerManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dealer Manager</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ASSETS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">ASSETS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to NexPoint SFR Operating Partnership, LP.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint SFR Operating Partnership, LP - Convertible Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointSFROperatingPartnershipLPConvertibleNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint SFR Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankRevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexBank Revolver</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankRevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexBank Revolver [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexBankRevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexBank Revolver</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionInProgressMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Construction in Progress [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionInProgressMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction in Progress</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayments of debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Name of Property [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Name of Property [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CLOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents CLO.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CLOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CLO [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CLOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CLO</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CLOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">CLO</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConcentrationRiskRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rental Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConcentrationRiskRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Concentration Risk, Rental Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ConcentrationRiskRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk, Rental Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateTaxesAndInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Taxes and Insurance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateTaxesAndInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes and insurance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, Accumulated Depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accumulated depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdvisoryFeePayment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Advisory Fee Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdvisoryFeePayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Advisory Fee Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAdvisoryFeePayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-cash advisory fee payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Benchmark [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfOrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment Of Organization and Offering Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfOrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment Of Organization and Offering Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PaymentOfOrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment of organization and offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from investing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPDSTBorrowersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NSP DST Borrowers [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPDSTBorrowersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NSP DST Borrowers.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NSPDSTBorrowersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NSP DST Borrowers</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealEstateAssetsHeldForSaleNetOfAccumulatedDepreciationOf_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Assets Held For Sale Net Of Accumulated Depreciation Of</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealEstateAssetsHeldForSaleNetOfAccumulatedDepreciationOf_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate assets held for sale net of accumulated depreciation of.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RealEstateAssetsHeldForSaleNetOfAccumulatedDepreciationOf_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate assets held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity based compensation expense related to grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Nonoperating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Nonoperating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Interest expense ($2,184 and $2,136 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Ordinary Dividends, Preferred Stock and Preference Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Distributions paid to Preferred Shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearOne_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The number of equity-based payment instruments, excluding stock (or unit) options, that are expected to vest during the current fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearOne_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Number, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearOne_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConvertibleNotesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Convertible Notes Payable [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConvertibleNotesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Convertible Notes Due to Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Federal Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M11DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M11 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M11DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M11 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M11DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M11</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfBeneficiaryTrustIndirectlyOwns_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of beneficiary trust indirectly owns</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfBeneficiaryTrustIndirectlyOwns_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Beneficiary Trust Indirectly Owns</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfBeneficiaryTrustIndirectlyOwns_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of beneficiary trust indirectly owns.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Plano HomeWood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plano HomeWood Suites [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plano Homewood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoHomeWoodSuitesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Plano Homewood Suites</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtConversionConvertedInstrumentAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Conversion, Converted Instrument, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtConversionConvertedInstrumentAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt conversion, converted instrument, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, at Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Gross Consolidated Real Estate Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointDiversifiedRealEstateTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Diversified Real Estate Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointDiversifiedRealEstateTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Diversified Real Estate Trust [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointDiversifiedRealEstateTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Diversified Real Estate Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointDiversifiedRealEstateTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NexPoint Diversified Real Estate Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GainsLossesOnRealEstateHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gains (Losses) On Real Estate Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GainsLossesOnRealEstateHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gains (Losses) On Real Estate Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GainsLossesOnRealEstateHeldForSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Losses on real estate held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GainsLossesOnRealEstateHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on sales of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GainsLossesOnRealEstateHeldForSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on sales of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Investment Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TemporaryEquityDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Temporary Equity Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax credits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Credit, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Tax Credit, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Tax credits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtPayablesNetDeferredFinancingCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt Payables Net Deferred Financing Costs Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtPayablesNetDeferredFinancingCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Payables Net Deferred Financing Costs Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtPayablesNetDeferredFinancingCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt payables net deferred financing costs net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Long-Term Lines of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Credit facilities payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Credit facilities payments ($(5,490) and $(3,515) with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_FL_lbl" xlink:role="http://www.xbrl.org/2003/role/label">FLORIDA</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_FL_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Florida</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income (loss) attributable to common shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss attributable to common shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeesAndAdvisoryFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Administrative Fees and Advisory Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeesAndAdvisoryFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Administrative Fees and Advisory Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeesAndAdvisoryFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Administrative fees and advisory fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage administrative fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Administrative Fee Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeFeePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Administrative fee, percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Line of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term line of credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long-Term Line of Credit, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueOfAssetsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value of Assets Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueOfAssetsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value assets acquired from the sale of consolidated investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The number of equity-based payment instruments, excluding stock (or unit) options, that are expected to vest in third fiscal year following current fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Number, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028 (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AffiliatesOfTheAdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents affiliates of the Advisor.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AffiliatesOfTheAdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Affiliates of the Advisor [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AffiliatesOfTheAdvisorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliates of the Advisor</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputPricePerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Price per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputPricePerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Price Per Share [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MeasurementInputPricePerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input, price per share.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermDurationRemaining_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt Instrument, Extension Term, Duration Remaining</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermDurationRemaining_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Extension Term, Duration Remaining</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DebtInstrumentExtensionTermDurationRemaining_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, extension term, duration remaining</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans on real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M9DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M9 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M9DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M9 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M9DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M9</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments and Joint Ventures Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Investing Activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by investing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarchMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Transfer Into (Out of) Level 3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shares Issued To Advisor For Admin And Advisory Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued To Advisor For Admin And Advisory Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued to Adviser for admin and advisory fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plano, Texas [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PlanoTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Plano, Texas.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Income (Losses)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidByIndividualJurisdictionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Paid, by Individual Jurisdiction [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT TRS, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT TRS, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT TRSs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average grant date fair value, forfeited (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesAccumulatedDepreciationAndAmortizationNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">SEC Schedule, 12-28, Real Estate Companies, Investment In Real Estate, Held For Sale Properties, Accumulated depreciation and amortization Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesAccumulatedDepreciationAndAmortizationNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment In Real Estate, Held For Sale Properties, Accumulated depreciation and amortization Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesAccumulatedDepreciationAndAmortizationNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of realized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain Loss Included In Earnings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Realized gain/(loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermDebtAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long-Term Debt, Additional Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermDebtAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Additional Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermDebtAdditionalTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term debt, additional term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, after Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale of Other Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sale of investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfOtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Sale of consolidated real estate investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentAggregateCost_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total consideration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentAggregateCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Aggregate Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentAggregateCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total consideration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SFRWLIFIIILLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to SFR WLIF III, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SFRWLIFIIILLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SFR WLIF III, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SFRWLIFIIILLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SFR WLIF III, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date Range, End</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Latest maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateRangeEnd1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maturity Date, Latest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Information [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Information [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Operating Capital [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in operating assets and liabilities, net of effects of acquisitions:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Letters of Credit Outstanding, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LettersOfCreditOutstandingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Letters of credit outstanding, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2026 M2 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2026 M2 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2026M2DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 M2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrecognized Tax Benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid-in Capital [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional Paid-in Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SandstonePasadenaApartmentsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sandstone Pasadena Apartments, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SandstonePasadenaApartmentsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Sandstone Pasadena Apartments, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SandstonePasadenaApartmentsLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sandstone Pasadena Apartments, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetCashReceivedOnDerivativeSettlements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net cash received on derivative settlements.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetCashReceivedOnDerivativeSettlements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Received on Derivative Settlements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetCashReceivedOnDerivativeSettlements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash (paid) received on derivative settlements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightsAndWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents rights and warrants.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightsAndWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rights and Warrants [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightsAndWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rights and warrants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightsAndWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Rights and Warrants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Value, Issued for Services</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issued during period, value, issued for services</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TitleOfIndividualAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Title Of Individual Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TitleOfIndividualAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title Of Individual Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TitleOfIndividualAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title Of Individual Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition Accounts Payable And Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Accounts Payable And Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accounts payable and other accrued liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate market value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program, Authorized, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightOfUseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Right Of Use Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightOfUseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Right Of Use Assets [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RightOfUseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right of use assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">R 2026 Q1 Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">R 2026 Q1 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_R2026Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">R 2026 Q1 dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReceivablesFromCustomers_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Receivable from Customer in Brokerage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReceivablesFromCustomers_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts receivable, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Deposit Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security deposit liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminationFeeCalculationThresholdPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Termination Fee Calculation, Threshold Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminationFeeCalculationThresholdPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Termination Fee Calculation, Threshold Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TerminationFeeCalculationThresholdPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination fee calculation, threshold period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds received from notes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueDirectCapitalizationApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation Technique Direct Capitalization Approach</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueDirectCapitalizationApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique Direct Capitalization Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ValuationTechniqueDirectCapitalizationApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Direct Capitalization Approach</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nontaxable and nondeductible items (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MaximumFeePercentageOfManagedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of managed assets for maximum fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MaximumFeePercentageOfManagedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Fee Percentage Of Managed Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MaximumFeePercentageOfManagedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum fee, percentage of managed assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tivoli</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tivoli [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_TivoliMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tivoli</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FebruaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">February [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FebruaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">February</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FebruaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">February Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseCorporate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">General And Administrative Expense, Corporate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseCorporate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">General And Administrative Expense, Corporate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GeneralAndAdministrativeExpenseCorporate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate general and administrative expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxExemptIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxExemptIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Non-taxable REIT income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Reconciliation Income Tax Refund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income tax reconciliation income tax refund.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax refund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income tax refund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsPayableAndOtherLiabilitiesAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Accounts Payable and Other Liabilities Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsPayableAndOtherLiabilitiesAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Accounts Payable and Other Liabilities Assumed in Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashAccountsPayableAndOtherLiabilitiesAssumedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable and other liabilities assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction, Purchases from Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases from related party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestFromAcquisitionNoncash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable Noncontrolling Interest From Acquisition, Noncash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestFromAcquisitionNoncash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest From Acquisition, Noncash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestFromAcquisitionNoncash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable noncontrolling interest in the OP from the acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Equity Method Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Equity Method Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AllenbyLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Allenby, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AllenbyLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Allenby, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AllenbyLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allenby, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VinerookHomesTrustOperatingPartnershipOPVBOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents VineBrook Homes Trust Operating Partnership, OP (&#8220;VB OP&#8221;).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VinerookHomesTrustOperatingPartnershipOPVBOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">VineBrook Homes Trust Operating Partnership, OP (VB OP) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VinerookHomesTrustOperatingPartnershipOPVBOPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VineBrook</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The number of equity-based payment instruments, excluding stock (or unit) options, that are expected to vest in second fiscal year following current fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Number, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027 (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock Liquidating Preference</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, liquidation preference per share (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Directors Officers Employees And Certain Key Employees Of Adviser Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Directors Officers Employees And Certain Key Employees Of Adviser Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Directors Officers Employees And Certain Key Employees Of Adviser Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Less: Present Value discount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O2025 Q1 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O2025 Q1 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q1DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 Q1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O2025 Q3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O2025 Q3 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025Q3DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 Q3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointResidentialTrustIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Residential Trust, Inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointResidentialTrustIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nex Point Residential Trust Inc [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointResidentialTrustIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nex Point Residential Trust Inc</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Components [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Components [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Component [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Component [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HighlandGlobalAllocationFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Highland Global Allocation Fund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HighlandGlobalAllocationFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Highland Global Allocation Fund [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_HighlandGlobalAllocationFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Highland Global Allocation Fund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization And Write Off Of Fair Market Value Adjustment Of Assumed Debts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization and write off of fair market value adjustment of assumed debts.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Fair market value adjustment, net of accumulated amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Lease, Description [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lessor, Lease, Description [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Investments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Investments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Investments_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Fair Value/Carrying Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Investments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Annual Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Annual Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business Acquisition [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Rental income ($276 and $271 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MajorCustomersAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Customer [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MajorCustomersAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputOptionVolatilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Option Volatility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputOptionVolatilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Volatility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Interest and Dividend</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest and Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Identifiable Net Assets Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building and Building Improvements [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings and Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Contingency, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Tax Contingency, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Nonconsolidated Investee [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Method Investment, Nonconsolidated Investee [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable, Date to be Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Dividend payable date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administrative Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant Year One Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year One Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant Year One Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents White Rock Center.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">White Rock Center [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">White Rock Center</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">White Rock Center</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccumulatedDepreciationAndAmortizationFromImpairmentNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accumulated depreciation and amortization from impairment non cash.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccumulatedDepreciationAndAmortizationFromImpairmentNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated depreciation and amortization from impairment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The Revolver</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revolver [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevolverMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revolver</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible lease assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Assets [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Lease Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayableTerminationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Fees Payable, Termination Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayableTerminationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Fees Payable, Termination Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryFeesPayableTerminationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory fees payable, termination expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHFTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHF TRS, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHFTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHF TRS, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHFTRSLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHF TRS</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">End of period</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Overnight Financing Rate (SOFR) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured Overnight Financing Rate (SOFR)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross operating real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, after Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyExpenseMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related Party Expense, Maximum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyExpenseMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Expense, Maximum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RelatedPartyExpenseMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum expense (as a percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Operating Loss Carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating loss carryover from prior year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToCashAndCashEquivalentsOnInvestmentDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustment to Cash and Cash Equivalents on Investment Deconsolidation of Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToCashAndCashEquivalentsOnInvestmentDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Cash and Cash Equivalents on Investment Deconsolidation of Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToCashAndCashEquivalentsOnInvestmentDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">DST investments assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State and local tax expense - net of federal benefit (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT - Note A</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT - Note A [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT - Note A</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAutomaticTerminationTerminationFeeFeesEarnedMultiplier_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Automatic Termination, Termination Fee, Fees Earned Multiplier</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAutomaticTerminationTerminationFeeFeesEarnedMultiplier_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Automatic Termination, Termination Fee, Fees Earned Multiplier</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementAutomaticTerminationTerminationFeeFeesEarnedMultiplier_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fees earned multiplier</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookeHomesTrustOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to VineBrooke Homes Trust Operating Partnership, LP.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookeHomesTrustOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">VineBrooke Homes Trust Operating Partnership, LP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_VineBrookeHomesTrustOperatingPartnershipLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VineBrook Homes Operating Partnership, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputOfferedPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Offered Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputOfferedPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Offer Price per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Public Float</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Public Float</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, shares authorized (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Costs and Expenses</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment, Tax Withholding, Share-Based Payment Arrangement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payments for taxes related to net share settlement of stock-based compensation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lender Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lender Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfConvertibleDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Convertible Debt</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDividendsPayableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Dividends Payable [Table Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MortgagesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgages Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MortgagesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgages Payable [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MortgagesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectPercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectPercent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Cross-Border Tax Effect, Percent, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationCrossBorderTaxEffectPercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cross-border tax laws (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpensePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Policy [Policy Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Voluntary Filers</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Voluntary Filers</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Customer Concentration Risk [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToCashAndCashEquivalentsOnDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Cash and Cash Equivalents on Deconsolidation of Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToCashAndCashEquivalentsOnDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deconsolidated investments at fair value from the acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Shares, Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Retirement of common stock held in treasury (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInvestmentsEliminatedConsolidation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Investments (Eliminated), Consolidation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInvestmentsEliminatedConsolidation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Investments (Eliminated), Consolidation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInvestmentsEliminatedConsolidation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments (Eliminated) Acquired Through Consolidation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Nonoperating Income (Expense)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income (expense)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid in Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional paid-in capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred State and Local Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. state</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasePriceAllocationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure for the purchase price allocation accounting policy.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasePriceAllocationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Price Allocation [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PurchasePriceAllocationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase Price Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashInterestPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Interest Paid (Received)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashInterestPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Interest Paid (Received)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashInterestPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale, Real Estate, Held-for-Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from asset redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from asset redemptions ($26,431 and $19,136 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementVotingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory Agreement, Voting Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementVotingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Agreement, Voting Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdvisoryAgreementVotingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Voting percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodInvestmentValuePurchasedOfCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Issued During Period, Investment Value, Purchased Of Common Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodInvestmentValuePurchasedOfCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Investment Value, Purchased Of Common Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodInvestmentValuePurchasedOfCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issued during period, investment value, purchase of common shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total (benefit) expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Total (benefit) expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Income tax benefit (expense)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Dividends, Per Share, Cash Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, dividends paid (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investments in DSTs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in DSTs ($33,559 and $30,559, with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company repurchased common share value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Redemptions/ conversions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Costs and Expenses [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Significant Unobservable Inputs of Level 3 Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DominionNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dominion Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DominionNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dominion Note [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DominionNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dominion Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncontrollingInterestsExtinguishedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncontrolling Interests Extinguished In Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncontrollingInterestsExtinguishedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interests Extinguished In Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncontrollingInterestsExtinguishedInAcquisition_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Noncontrolling interests extinguished in merger of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary, Ownership Percentage, Noncontrolling Owner</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective ownership</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granted Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granted Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantedAxisDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Granted Axis [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DelawareStatutoryTrustsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Delaware Statutory Trusts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DelawareStatutoryTrustsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Delaware Statutory Trusts [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DelawareStatutoryTrustsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Delaware Statutory Trusts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseRemainingLeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Remaining Lease Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseRemainingLeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease remaining terms</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupClassificationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Classification [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashOrPartNoncashAcquisitionInterestRateCaps_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncash Or Part Noncash Acquisition Interest Rate Caps</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashOrPartNoncashAcquisitionInterestRateCaps_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash Or Part Noncash Acquisition Interest Rate Caps</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoncashOrPartNoncashAcquisitionInterestRateCaps_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate caps assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M10DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M10</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M10DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M10 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M10DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M10 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Income Tax Expense (Benefit), Continuing Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Federal Income Tax Expense (Benefit), Continuing Operations, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Granted (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Restricted stock units, granted (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Restricted stock units, granted (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineEquityTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineEquityTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine equity.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MezzanineEquityTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetsNowClassifiedAsHeldForSaleNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets Now Classified As Held For Sale Non Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetsNowClassifiedAsHeldForSaleNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Assets now classified as held for sale non cash.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetsNowClassifiedAsHeldForSaleNonCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets now classified as held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidStateAndLocalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Paid, State and Local, after Refund Received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidStateAndLocalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income Tax Paid, State and Local, after Refund Received, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPaidStateAndLocalAfterRefundReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. State</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Statement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestInJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest in Joint Ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestInJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateCapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Cap [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateCapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents other.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deferred tax expense (benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_WeightedAverageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_WeightedAverageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock, Number of Shares Issued in Transaction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of stock, number of shares issued (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SpecialPurposeEntitiesDirectlyOwnedCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents special purpose entities directly owned companies.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SpecialPurposeEntitiesDirectlyOwnedCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Special Purpose Entities Directly Owned Companies[Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_SpecialPurposeEntitiesDirectlyOwnedCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Special Purpose Entities Directly Owned Companies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAres2PackMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT - Ares 2 Pack</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAres2PackMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT - Ares 2 Pack [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTAres2PackMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT - Ares 2 Pack</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, New Issues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issued during period, new issues (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages payable, net ($10,000 and $10,000 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mortgages payable, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Vested (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOwnershipInRealEstateProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage of ownership in real estate property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOwnershipInRealEstateProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Ownership In Real Estate Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageOfOwnershipInRealEstateProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of ownership in real estate property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings (loss) per share - diluted (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">White Rock Center Note Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">White rock center note.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WhiteRockCenterNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">White Rock Center Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Segment Reporting Information, by Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToNotesPayableOnDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustment to Notes Payable on Deconsolidation of Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToNotesPayableOnDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Notes Payable on Deconsolidation of Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdjustmentToNotesPayableOnDeconsolidationOfEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages payable assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Percent [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective Income Tax Rate Reconciliation, Percent [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Note B loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Note B loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Note B loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NoteBLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Note B Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title and Position [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of Individual [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Common stock distributions declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Acquisition [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncash or Part Noncash Acquisition, Investments Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Real estate investments assumed in acquisition of NexPoint Hospitality Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsAndOtherInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity Method Investments And Other Investments At Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsAndOtherInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments And Other Investments At Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EquityMethodInvestmentsAndOtherInvestmentsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Face Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Outstanding Principal Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate principal amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReimbursementsMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reimbursements Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReimbursementsMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reimbursements Member [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ReimbursementsMemberMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursements Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, maximum borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity, Not Primary Beneficiary [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VIE</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NHT - Note B</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NHT - Note B [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NHTNoteBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NHT - Note B</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties held for sale.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NumberOfPropertiesHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Counterparty Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ChangeInCapitalizedInvestmentCostsIncludedInAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Change In Capitalized Investment Costs Included In Accounts Payable And Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ChangeInCapitalizedInvestmentCostsIncludedInAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change In Capitalized Investment Costs Included In Accounts Payable And Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ChangeInCapitalizedInvestmentCostsIncludedInAccountsPayableAndOtherAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in capitalized construction costs included in accounts payable and other accrued liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAttributableToPreferredShareholder_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss Attributable To Preferred Shareholder</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAttributableToPreferredShareholder_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Income (Loss) Attributable To Preferred Shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAttributableToPreferredShareholder_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net (income) loss attributable to preferred shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetIncomeLossAttributableToPreferredShareholder_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net (income) loss attributable to preferred shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RentalProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rental Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RentalProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible lease assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Restricted Stock Award, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting of stock-based compensation, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiscountToNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Discount to NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiscountToNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Discount to NAV [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiscountToNAVMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount to NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Name [Axis]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevPARMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">RevPAR [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RevPARMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">RevPAR</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net income (loss) attributable to preferred shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Award Date [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award Date [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash, Cash Equivalents and Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Equity Method Investment, Distribution</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Distributions of earnings from unconsolidated ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions of earnings from unconsolidated ventures ($0 and $761 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Develop Real Estate Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Additions to consolidated real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M4 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M4 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M4DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M4</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Foreign Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredForeignIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Period Increase (Decrease)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling interests from NHT Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, cash equivalents and restricted cash, end of year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash, cash equivalents and restricted cash, beginning of year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Income (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestAcquiredInBusinessAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable Noncontrolling Interest, Acquired In Business Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestAcquiredInBusinessAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Acquired In Business Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestAcquiredInBusinessAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable noncontrolling interests from NHT Merger</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Award Date [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award Date [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersIncNSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Storage Partners, Inc. (&#8220;NSP&#8221;)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersIncNSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Storage Partners, Inc. (&#8220;NSP&#8221;) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointStoragePartnersIncNSPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Storage Partners, Inc. (&#8220;NSP&#8221;)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsPayableRealEstateTaxesPayableSecurityDepositsPrepaidRentsAndOtherAccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts Payable, Real Estate Taxes Payable, Security Deposits, Prepaid Rents, and Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsPayableRealEstateTaxesPayableSecurityDepositsPrepaidRentsAndOtherAccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable Real Estate Taxes Payable Security Deposits Prepaid Rents And Other Accrued Liabilities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AccountsPayableRealEstateTaxesPayableSecurityDepositsPrepaidRentsAndOtherAccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts Payable Real Estate Taxes Payable Security Deposits Prepaid Rents And Other Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Earnings (Loss) Less Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Derivative Instruments Included in Trading Activities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Derivative Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Noncash Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock-based compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorOnLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to guarantor on loans.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorOnLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Guarantor on Loans [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GuarantorOnLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Guarantor on Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds From Return Of Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Return Of Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ProceedsFromReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from return of investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program, Authorized, Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares purchased (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Issued During Period, Shares, Acquisition of Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Acquisition of Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_StockIssuedDuringPeriodSharesAcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of noncontrolling interests in NHT (in shares)</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CommonStockDividendPercentageInCashMaximum_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Dividend, Percentage In Cash, Maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CommonStockDividendPercentageInCashMaximum_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend cash percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UndevelopedLandInPlanoTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents undeveloped land in Plano, Texas.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_UndevelopedLandInPlanoTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Undeveloped Land in Plano, Texas</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Financing Activities</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Notes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes payable, ($63,700 and $66,731 with related parties, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Asset Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupHeldForSaleOrDisposedOfBySaleNotDiscontinuedOperationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupHeldForSaleOrDisposedOfBySaleNotDiscontinuedOperationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_REITSubAndTheCoGuarantorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REIT Sub and the Co-Guarantors</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_REITSubAndTheCoGuarantorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">REIT Sub and the Co-Guarantors</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInAccountingPrincipleAccountingStandardsUpdateAdopted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in Accounting Principle, Accounting Standards Update, Adopted [true false]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Location</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Location</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFOPPromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NREF OP Promissory Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFOPPromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NREF OP Promissory Note [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NREFOPPromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NREF OP Promissory Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax Liabilities, Net</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">IQHQ Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">IQHQ Transactions [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IQHQTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">IQHQ Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, Fair Value Disclosure</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageDirectlyOwnsGeneralPartnershipInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage directly owns general partnership interests.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PercentageDirectlyOwnsGeneralPartnershipInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage directly owns general partnership interests</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Contract [Domain]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Cash And Cash equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AssetAcquisitionCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Grant Year One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Grant year one.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_GrantYearOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EstimatedNetTaxableCapitalGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated Net Taxable Capital Gain(Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EstimatedNetTaxableCapitalGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Estimated Net Taxable Capital Gain(Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EstimatedNetTaxableCapitalGainLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Estimated net taxable capital loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EstimatedNetTaxableCapitalGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated net taxable capital loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of intangible lease liabilities, net as of the balance sheet date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Liabilities, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible lease liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Real Estate Properties [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Components of Investments in Real Estate Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Jurisdiction [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeaseNumberOfOptionsToExtendMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lessee, Operating Lease, Number of Options to Extend Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeaseNumberOfOptionsToExtendMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Number of Options to Extend Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LesseeOperatingLeaseNumberOfOptionsToExtendMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of extension options (option)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Shares Granted, Value, Share-Based Payment Arrangement, after Forfeiture, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-based compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax refund (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation Income Tax Refund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Effective income tax rate reconciliation income tax refund.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_EffectiveIncomeTaxRateReconciliationIncomeTaxRefund_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income tax refund (in percent)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Reconciliation Changes in Unrecognized Tax Benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income tax reconciliation changes in unrecognized tax benefits.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Changes in unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate, Type of Property [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate, Type of Property [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiversifiedSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Diversified Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiversifiedSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Diversified Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_DiversifiedSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Diversified</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Dividends, Per Share, Declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common share dividends declared (in dollars per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Distribution Rate per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Issued for Services</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issued during period, issued for services (in shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedules of Concentration of Risk, by Risk Factor [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Concentration of Risk, by Risk Factor</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gains (Losses) on Sales of Investment Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain (loss) on sales and impairment of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gain (Loss) on Sales of Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenues [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Revenues [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Term Debt, Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OSLLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">OSL Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OSLLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">OSL Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OSLLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OSL Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M6DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M6</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M6DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M6 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M6DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M6 Dividends.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Renewal term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OperatingRealEstateInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating Real Estate Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OperatingRealEstateInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Real Estate Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_OperatingRealEstateInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Real Estate Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and Description of Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClaymoreHoldingsLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Claymore Holdings, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClaymoreHoldingsLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Claymore Holdings, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_ClaymoreHoldingsLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Claymore Holdings, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Redeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WLIFIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">WLIF III [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WLIFIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">WLIF III.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_WLIFIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">WLIF III</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorOpinionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Opinion</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteA2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Note A-2.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CityPlaceNoteA2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CityPlace Note A-2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Multiples Analysis.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_MarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market Approach</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredClassAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Class A [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredClassAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Class A</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Financing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred financing costs paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipIVL.P.Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Real Estate Finance Operating Partnership IV, L.P.,</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipIVL.P.Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Real Estate Finance Operating Partnership IV, L.P., [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexPointRealEstateFinanceOperatingPartnershipIVL.P.Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NREF OP IV, L.P.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAcquiredFromAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Acquired from Acquisition</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Promissory Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Promissory Note [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Promissory notes, held-for-investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PromissoryNoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Promissory Note</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FoodAndBeverageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Food and Beverage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FoodAndBeverageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Food and beverage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Policies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long Term Incentive Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Incentive Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_LongTermIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long Term Incentive Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDominionLandLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents NexPoint Dominion Land, LLC.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDominionLandLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NexPoint Dominion Land, LLC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDominionLandLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Dominion Land, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NexpointDominionLandLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NexPoint Dominion Land, LLC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue from Contract with Customer, Excluding Assessed Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAssetValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents Net Asset Value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAssetValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAssetValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discounted Net Asset Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_NetAssetValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">NAV Approach</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Guarantor Obligations, Maximum Exposure, Undiscounted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Guarantor obligations, maximum exposure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitibankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Citibank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitibankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Citibank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CitibankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Citibank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestEquityPreferredSubscriptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subscriptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestEquityPreferredSubscriptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Equity, Preferred, Subscriptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_RedeemableNoncontrollingInterestEquityPreferredSubscriptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable noncontrolling interest, equity, preferred, subscriptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeAndAdvisoryFeesExpenseWaivedToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Administrative And Advisory Fees Expense Waived To Comply With Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeAndAdvisoryFeesExpenseWaivedToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Administrative And Advisory Fees Expense Waived To Comply With Cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_AdministrativeAndAdvisoryFeesExpenseWaivedToComplyWithCap_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Administrative and advisory fees expense waived to comply with cap</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents intangible lease liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Liabilities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_IntangibleLeaseLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Lease Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Investment Property, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net operating real estate investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period to recognize unrecognized compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Numerator for loss per share:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M5DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">O 2025 M5 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M5DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">O 2025 M5 Dividends [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_O2025M5DividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025 M5</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related to CMBS Loan Agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CMBS Loan Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_CMBSLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CMBS Loan Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock, Class of Stock [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Stock by Class [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized, Unlimited [Fixed List]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyManagementFeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents property management fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyManagementFeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property Management Fees [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="nxdt_PropertyManagementFeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Management Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Area of Land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of land (acre)</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_GrantYearFourMember" xlink:to="nxdt_GrantYearFourMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_AssetAcquisitionFurnitureFixturesAndEquipment" xlink:to="nxdt_AssetAcquisitionFurnitureFixturesAndEquipment_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_TitleOfIndividualAxisAxis" xlink:to="nxdt_TitleOfIndividualAxisAxis_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingImprovementsMember" xlink:to="us-gaap_BuildingImprovementsMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_InternalizationFeePercent" xlink:to="nxdt_InternalizationFeePercent_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskByTypeAxis_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesAndFairValueTextBlock" xlink:to="us-gaap_DerivativesAndFairValueTextBlock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_WhiteRockLakeMember" xlink:to="nxdt_WhiteRockLakeMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:to="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitment" xlink:to="us-gaap_OtherCommitment_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_AprilMemberMember" xlink:to="nxdt_AprilMemberMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_RecentTransactionMember" xlink:to="nxdt_RecentTransactionMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableAmountPerShare" xlink:to="us-gaap_DividendsPayableAmountPerShare_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_SemiconductorDSTMember" xlink:to="nxdt_SemiconductorDSTMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_MarchMemberMember" xlink:to="nxdt_MarchMemberMember_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentPolicyTextBlock" xlink:to="us-gaap_InvestmentPolicyTextBlock_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_IncreaseDecreaseInDeferredTaxAsset" xlink:to="nxdt_IncreaseDecreaseInDeferredTaxAsset_lbl"/>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxdt_ProceedsFromSaleOfRealEstateNet" xlink:to="nxdt_ProceedsFromSaleOfRealEstateNet_lbl"/>
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  <xsd:element id="nxdt_DebtInstrumentNumberOfExtensionPeriods" name="DebtInstrumentNumberOfExtensionPeriods" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_RaymondJamesOneMember" name="RaymondJamesOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ConcentrationRiskRentalIncome" name="ConcentrationRiskRentalIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_O2024Q3DividendsMember" name="O2024Q3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PercentageOfOwnershipInRealEstateProperty" name="PercentageOfOwnershipInRealEstateProperty" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_NexPointStoragePartnersOperatingCompanyLLCMember" name="NexPointStoragePartnersOperatingCompanyLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LLVHoldcoLLCMember" name="LLVHoldcoLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AssetsNowClassifiedAsHeldForSaleNonCash" name="AssetsNowClassifiedAsHeldForSaleNonCash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_IQHQHoldingsLPMember" name="IQHQHoldingsLPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SandstonePasadenaApartmentsLLCMember" name="SandstonePasadenaApartmentsLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesNet" name="SECSchedule1228RealEstateCompaniesInvestmentInRealEstateHeldForSalePropertiesNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_O2025M9DividendsMember" name="O2025M9DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025M10DividendsMember" name="O2025M10DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DallasHiltonGardenInnMember" name="DallasHiltonGardenInnMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NFROSFRREITLLCMember" name="NFROSFRREITLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NetAssetValueMember" name="NetAssetValueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoncashInterestPaidReceived" name="NoncashInterestPaidReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_SpecialPurposeEntitiesDirectlyOwnedCompaniesMember" name="SpecialPurposeEntitiesDirectlyOwnedCompaniesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LiabilitiesDirectlyAssociatedWithTheAssetsHeldForSale" name="LiabilitiesDirectlyAssociatedWithTheAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AdvisoryAgreementTerminationThresholdMaterialBreachOfContract" name="AdvisoryAgreementTerminationThresholdMaterialBreachOfContract" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_ValuationTechniqueLiquidationAnalysisMember" name="ValuationTechniqueLiquidationAnalysisMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DeferredExpenseToComplyWithCap" name="DeferredExpenseToComplyWithCap" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_O2025M8DividendsMember" name="O2025M8DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ChangeInCapitalizedInvestmentCostsIncludedInAccountsPayableAndOtherAccruedLiabilities" name="ChangeInCapitalizedInvestmentCostsIncludedInAccountsPayableAndOtherAccruedLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_NoteALoanMember" name="NoteALoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionConstructionInProgress" name="AssetAcquisitionConstructionInProgress" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AssetAcquisitionNotesPayableNet" name="AssetAcquisitionNotesPayableNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_HospitalitySegmentMember" name="HospitalitySegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MezzanineEquityTextBlock" name="MezzanineEquityTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_LasColinasTexasMember" name="LasColinasTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_WLIFIIIMember" name="WLIFIIIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EstimatedNetTaxableCapitalGainLoss" name="EstimatedNetTaxableCapitalGainLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_GrantedAxisDomain" name="GrantedAxisDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantYearThreeMemberMember" name="GrantYearThreeMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantYearFiveMember" name="GrantYearFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NonCashDistributionPayment" name="NonCashDistributionPayment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_EquitySecuritiesNumberOfValuesAcquired" name="EquitySecuritiesNumberOfValuesAcquired" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PaymentOfOrganizationAndOfferingCosts" name="PaymentOfOrganizationAndOfferingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_NoncashRightOfUseAssetsAssumedInAcquisition" name="NoncashRightOfUseAssetsAssumedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AccountsPayableRealEstateTaxesPayableSecurityDepositsPrepaidRentsAndOtherAccruedLiabilitiesMember" name="AccountsPayableRealEstateTaxesPayableSecurityDepositsPrepaidRentsAndOtherAccruedLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_StockIssuedDuringPeriodInvestmentValuePurchasedOfCommonShares" name="StockIssuedDuringPeriodInvestmentValuePurchasedOfCommonShares" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_MultipleOfNAVMember" name="MultipleOfNAVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_R2026Q3DividendsMember" name="R2026Q3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdministrativeAndAdvisoryFeesExpenseWaivedToComplyWithCap" name="AdministrativeAndAdvisoryFeesExpenseWaivedToComplyWithCap" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_TivoliMember" name="TivoliMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CapitalAcquisitionsPartnersLLCMember" name="CapitalAcquisitionsPartnersLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointDiversifiedRealEstateTrustMember" name="NexPointDiversifiedRealEstateTrustMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NumberOfPropertiesAcquired" name="NumberOfPropertiesAcquired" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_LPInterestMember" name="LPInterestMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EquityMethodInvestmentsAndOtherInvestmentsAtFairValue" name="EquityMethodInvestmentsAndOtherInvestmentsAtFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_R2026Q2DividendsMember" name="R2026Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember" name="DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisorMember" name="AdvisorMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ShareBasedPaymentArrangementVestingInMarchMember" name="ShareBasedPaymentArrangementVestingInMarchMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantedDomain" name="GrantedDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EquityMethodInvestmentsInvestmentBasis" name="EquityMethodInvestmentsInvestmentBasis" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_OperatingRealEstateInvestmentsAbstract" name="OperatingRealEstateInvestmentsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdjustmentToNotesPayableOnDeconsolidationOfEntity" name="AdjustmentToNotesPayableOnDeconsolidationOfEntity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NoncashOrPartNoncashAcquisitionInterestRateCaps" name="NoncashOrPartNoncashAcquisitionInterestRateCaps" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PeriluneAeroEquityHoldingsOneLLCMember" name="PeriluneAeroEquityHoldingsOneLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInvestmentsEliminatedConsolidation" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInvestmentsEliminatedConsolidation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_LasColinasHomeWoodSuitesMember" name="LasColinasHomeWoodSuitesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LLCInterestMember" name="LLCInterestMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RealEstateAssetsHeldForSaleNetOfAccumulatedDepreciationOf" name="RealEstateAssetsHeldForSaleNetOfAccumulatedDepreciationOf" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NHTAcquisitionMember" name="NHTAcquisitionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DebtPayablesNetDeferredFinancingCostsNet" name="DebtPayablesNetDeferredFinancingCostsNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_O2025Q2DividendsMember" name="O2025Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CMBSBorrowerMember" name="CMBSBorrowerMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionPrepaidAndOtherAssets" name="AssetAcquisitionPrepaidAndOtherAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_ValuationTechniqueMultiplesAnalysisMember" name="ValuationTechniqueMultiplesAnalysisMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_IncreaseDecreaseInDeferredTaxAsset" name="IncreaseDecreaseInDeferredTaxAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_MarketApproachMember" name="MarketApproachMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexvestRealtyAdvisorsMember" name="NexvestRealtyAdvisorsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NHTNoteBMember" name="NHTNoteBMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantedAxisAxis" name="GrantedAxisAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PreferredEquityPurchaseCommitmentMember" name="PreferredEquityPurchaseCommitmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SemiconductorDSTMember" name="SemiconductorDSTMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_DiscountToNAVMember" name="DiscountToNAVMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexBankMember" name="NexBankMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PlanoTexasMember" name="PlanoTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AmortizationOfFairMarketValueAdjustmentOfAssumedDebt" name="AmortizationOfFairMarketValueAdjustmentOfAssumedDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_CitibankMember" name="CitibankMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MeasurementInputPricePerShareMember" name="MeasurementInputPricePerShareMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SFRWLIFIIILLCMember" name="SFRWLIFIIILLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RecentTransactionMember" name="RecentTransactionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_IntangibleLeaseAssetsMember" name="IntangibleLeaseAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MeasurementInputNAVPerShareMember" name="MeasurementInputNAVPerShareMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AMUptownHotelLLCMember" name="AMUptownHotelLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoncashAccountsReceivableAndOtherAssetsAssumedInAcquisition" name="NoncashAccountsReceivableAndOtherAssetsAssumedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_VineBrookHomesOperatingPartnershipLPMember" name="VineBrookHomesOperatingPartnershipLPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexpointStoragePartnersIncMember" name="NexpointStoragePartnersIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SAFStorVenturesMember" name="SAFStorVenturesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NetAmountAmortizedAsIncreaseToRentalRevenueForCapitalizedAboveAndBelowMarketLease" name="NetAmountAmortizedAsIncreaseToRentalRevenueForCapitalizedAboveAndBelowMarketLease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NexPointSFROperatingPartnershipLPConvertibleNotesMember" name="NexPointSFROperatingPartnershipLPConvertibleNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PreferredStockSellingCommissionPercentage" name="PreferredStockSellingCommissionPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_TivoliNorthPropertyMember" name="TivoliNorthPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AddisonPropertyMember" name="AddisonPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NeimanMarcusGroupLLCMember" name="NeimanMarcusGroupLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MarketRentMember" name="MarketRentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_IQHQTransactionsMember" name="IQHQTransactionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PercentageOfBeneficiaryTrustIndirectlyOwns" name="PercentageOfBeneficiaryTrustIndirectlyOwns" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_O2026M2DividendsMember" name="O2026M2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EnterpriseValueMember" name="EnterpriseValueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_OvernightBankFundingRateMember" name="OvernightBankFundingRateMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_VinerookHomesTrustOperatingPartnershipOPVBOPMember" name="VinerookHomesTrustOperatingPartnershipOPVBOPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FairValueAssetsAcquiredFromEquitySecurityDividendsReinvestedNonCash" name="FairValueAssetsAcquiredFromEquitySecurityDividendsReinvestedNonCash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NFROSFRREITLLCTwoMember" name="NFROSFRREITLLCTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityPlaceNoteB1Member" name="CityPlaceNoteB1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RaymondJamesBankNAMember" name="RaymondJamesBankNAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisoryAgreementAdditionalTerm" name="AdvisoryAgreementAdditionalTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_RevolverMember" name="RevolverMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ShareRepurchaseProgramMember" name="ShareRepurchaseProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionCashAndCashEquivalents" name="AssetAcquisitionCashAndCashEquivalents" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AprilMemberMember" name="AprilMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_BradentonHamptonInnAndSuitesMember" name="BradentonHamptonInnAndSuitesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025Q3DividendsMember" name="O2025Q3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisoryAgreementMaximumCommonSharesIssuable" name="AdvisoryAgreementMaximumCommonSharesIssuable" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AssetAcquisitionInterestRateCap" name="AssetAcquisitionInterestRateCap" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock" name="PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_NumberOfTenantsRentalIncome" name="NumberOfTenantsRentalIncome" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_MarriottUptownMember" name="MarriottUptownMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearTwo" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearTwo" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_NHFTRSLLCMember" name="NHFTRSLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FairValueMeasurementReturnOfCapital" name="FairValueMeasurementReturnOfCapital" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AssetAcquisitionMortgagesPayableNet" name="AssetAcquisitionMortgagesPayableNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AdvisoryAgreementTerm" name="AdvisoryAgreementTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_BondMember" name="BondMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PurchasesOfInvestments" name="PurchasesOfInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_MerrillLynchProfessionalClearingCorpBAMLMember" name="MerrillLynchProfessionalClearingCorpBAMLMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RelatedPartyTransactionMonthlyExpensesFromTransactionsWithRelatedParty" name="RelatedPartyTransactionMonthlyExpensesFromTransactionsWithRelatedParty" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_WhiteRockCenterNoteMember" name="WhiteRockCenterNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NSPMember" name="NSPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LesseeOperatingLeaseNumberOfOptionsToExtendMaturityDate" name="LesseeOperatingLeaseNumberOfOptionsToExtendMaturityDate" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_CMBSLoanAgreementMember" name="CMBSLoanAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionFurnitureFixturesAndEquipment" name="AssetAcquisitionFurnitureFixturesAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AmortizationAccretionOfDeferredFinancingCosts" name="AmortizationAccretionOfDeferredFinancingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_EquitySecurityDividendsReinvested" name="EquitySecurityDividendsReinvested" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_NoteALoanAndNoteBLoanMember" name="NoteALoanAndNoteBLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GainsLossesOnRealEstateHeldForSale" name="GainsLossesOnRealEstateHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_LineOfCreditFacilityOptionalMaximumBorrowingCapacity" name="LineOfCreditFacilityOptionalMaximumBorrowingCapacity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_NumberOfCompanyOwned" name="NumberOfCompanyOwned" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_PercentageOfDistributions" name="PercentageOfDistributions" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_GrantYearTwoMemberMember" name="GrantYearTwoMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFeesShares" name="SharesIssuedToAdvisorForAdminAndAdvisoryFeesShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_St.PetersburgMarriottMember" name="St.PetersburgMarriottMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointResidentialTrustIncMember" name="NexPointResidentialTrustIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_TaxableREITSubsidiaryOneMember" name="TaxableREITSubsidiaryOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ProceedsFromSaleOfRealEstateNet" name="ProceedsFromSaleOfRealEstateNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_CapitalAcquisitionPartnersLLCMember" name="CapitalAcquisitionPartnersLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_FurnitureFixturesAndEquipmentMember" name="FurnitureFixturesAndEquipmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearOne" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearOne" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_FebruaryMember" name="FebruaryMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoncashPrepaidAssetsAndOtherAssetsAssumedInAcquisition" name="NoncashPrepaidAssetsAndOtherAssetsAssumedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NREFNexPointSecuritiesMember" name="NREFNexPointSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NetIncomeLossAttributableToPreferredShareholder" name="NetIncomeLossAttributableToPreferredShareholder" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_O2024Q1DividendsMember" name="O2024Q1DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_StockIssuedDuringPeriodSharesAcquisitionOfNoncontrollingInterests" name="StockIssuedDuringPeriodSharesAcquisitionOfNoncontrollingInterests" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_O2025M5DividendsMember" name="O2025M5DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NetCashReceivedOnDerivativeSettlements" name="NetCashReceivedOnDerivativeSettlements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_CitiLoanAgreementMember" name="CitiLoanAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_OSLLoanMember" name="OSLLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NSPDSTBorrowersMember" name="NSPDSTBorrowersMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ReallocationOfNetLossAttributableToRedeemableOpHoldersToTemporaryEquityNonCash" name="ReallocationOfNetLossAttributableToRedeemableOpHoldersToTemporaryEquityNonCash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PurchasePriceAllocationPolicyTextBlock" name="PurchasePriceAllocationPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_CityPlaceNoteA2Member" name="CityPlaceNoteA2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ClassBUnitsMember" name="ClassBUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentTwoMember" name="NexPointStoragePartnersOperatingCompanyLLCInvestmentTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RedeemableNoncontrollingInterestFromAcquisitionNoncash" name="RedeemableNoncontrollingInterestFromAcquisitionNoncash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_CorporateGeneralAndAdministrativeExpenses" name="CorporateGeneralAndAdministrativeExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NumberOfTrusts" name="NumberOfTrusts" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_ManagementFeeMember" name="ManagementFeeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ProceedsFromReturnOfCapital" name="ProceedsFromReturnOfCapital" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AccumulatedDepreciationAndAmortizationFromImpairmentNonCash" name="AccumulatedDepreciationAndAmortizationFromImpairmentNonCash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NHTPCBLoanDebtExtensionMember" name="NHTPCBLoanDebtExtensionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RightsAndWarrantsMember" name="RightsAndWarrantsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointRealEstateFinanceOperatingPartnershipLPNREFOPMember" name="NexPointRealEstateFinanceOperatingPartnershipLPNREFOPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisoryAgreementVotingPercentage" name="AdvisoryAgreementVotingPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_NexPointLifeScienceIIDSTMember" name="NexPointLifeScienceIIDSTMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ReimbursementsMemberMember" name="ReimbursementsMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexpointDominionLandLlcMember" name="NexpointDominionLandLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025M3DividendsMember" name="O2025M3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_WhiteRockLakeMember" name="WhiteRockLakeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GeneralAndAdministrativeExpenseCorporate" name="GeneralAndAdministrativeExpenseCorporate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NexPointHospitalityTrustMember" name="NexPointHospitalityTrustMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RevPARMember" name="RevPARMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ConversionExpense" name="ConversionExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_GrantYearOneMember" name="GrantYearOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_IntangibleLeaseLiabilitiesMember" name="IntangibleLeaseLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionAccountsPayableAndOtherAccruedLiabilities" name="AssetAcquisitionAccountsPayableAndOtherAccruedLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_HaygoodLLCMember" name="HaygoodLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PCBLoanMember" name="PCBLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DebtInstrumentDeferredTerm" name="DebtInstrumentDeferredTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AdvisoryFeesPayable" name="AdvisoryFeesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AssetAcquisitionLand" name="AssetAcquisitionLand" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_AddisonTexasMember" name="AddisonTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ValuationTechniqueDirectCapitalizationApproachMember" name="ValuationTechniqueDirectCapitalizationApproachMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionInvestmentsAtFairValue" name="AssetAcquisitionInvestmentsAtFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PropertyManagementFeesMember" name="PropertyManagementFeesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexBankRevolverMember" name="NexBankRevolverMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointSemiconductorManufacturingDSTMember" name="NexPointSemiconductorManufacturingDSTMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NetIncomeLossAvailableToCommonStockholdersNetOfAccumulatedEarningsLoss" name="NetIncomeLossAvailableToCommonStockholdersNetOfAccumulatedEarningsLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_PromissoryNoteMember" name="PromissoryNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PrimeBrokerageBorrowingMember" name="PrimeBrokerageBorrowingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NHTTRSLLCMember" name="NHTTRSLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionRightOfUseAsset" name="AssetAcquisitionRightOfUseAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PurchaseCommitmentExpectedMaximumCommitment" name="PurchaseCommitmentExpectedMaximumCommitment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AdvisoryAgreementAutomaticTerminationTerminationFeeFeesEarnedMultiplier" name="AdvisoryAgreementAutomaticTerminationTerminationFeeFeesEarnedMultiplier" type="xbrli:pureItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AdvisoryFeesPayableTerminationExpense" name="AdvisoryFeesPayableTerminationExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_O2025M12DividendsMember" name="O2025M12DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DebtInstrumentExtensionTerm" name="DebtInstrumentExtensionTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_NexPointStoragePartnersIncNSPMember" name="NexPointStoragePartnersIncNSPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionBuildingsAndImprovements" name="AssetAcquisitionBuildingsAndImprovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_SharesIssuedToAdvisorForAdminAndAdvisoryFees" name="SharesIssuedToAdvisorForAdminAndAdvisoryFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_CityPlaceMezzNote2Member" name="CityPlaceMezzNote2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LongTermIncentivePlanMember" name="LongTermIncentivePlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NonControllingInterestsAssumedInAcquisition" name="NonControllingInterestsAssumedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_BSBorrowerMember" name="BSBorrowerMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock" name="ScheduleForSaleOfRealEstatePropertiesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_UnadjustedPriceMember" name="UnadjustedPriceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoncashAccountsPayableAndOtherLiabilitiesAssumedInAcquisition" name="NoncashAccountsPayableAndOtherLiabilitiesAssumedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_DebtInstrumentExtensionTermDurationRemaining" name="DebtInstrumentExtensionTermDurationRemaining" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AdjustmentToCashAndCashEquivalentsOnDeconsolidationOfEntity" name="AdjustmentToCashAndCashEquivalentsOnDeconsolidationOfEntity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_RelatedPartyExpenseMaximumPercentage" name="RelatedPartyExpenseMaximumPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_EquityMethodInvestmentShareOfEarningsLoss" name="EquityMethodInvestmentShareOfEarningsLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_LifeSciencesIIDSTMember" name="LifeSciencesIIDSTMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DiversifiedSegmentMember" name="DiversifiedSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EquityMethodInvestmentStatementOfOperationsSummaryTableTextBlock" name="EquityMethodInvestmentStatementOfOperationsSummaryTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_PurchaseCommitmentUnitPurchasesUnfundedAmount" name="PurchaseCommitmentUnitPurchasesUnfundedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_PaymentsForAssetAcquisitions" name="PaymentsForAssetAcquisitions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_EarningsPerShareBasicAndDilutedEPSAbstract" name="EarningsPerShareBasicAndDilutedEPSAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025M11DividendsMember" name="O2025M11DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_TaxableREITSubsidiaryTwoMember" name="TaxableREITSubsidiaryTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_R2026Q1DividendsMember" name="R2026Q1DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityPlaceNoteA1Member" name="CityPlaceNoteA1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_DeferredTaxAssetsOperatingLossCarryforwardsUtilized" name="DeferredTaxAssetsOperatingLossCarryforwardsUtilized" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_AssetAcquisitionPercentageOfSharesAcquired" name="AssetAcquisitionPercentageOfSharesAcquired" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AffiliatesOfTheAdvisorMember" name="AffiliatesOfTheAdvisorMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFive" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumberYearFive" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_MarchMember" name="MarchMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantYearFourMember" name="GrantYearFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AnnualAdvisoryFeePercent" name="AnnualAdvisoryFeePercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_REITSubAndTheCoGuarantorsMember" name="REITSubAndTheCoGuarantorsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MeasurementInputParMember" name="MeasurementInputParMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PromissoryNotesMember" name="PromissoryNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2024Q4DividendsMember" name="O2024Q4DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisoryAgreementMember" name="AdvisoryAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits" name="EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_DominionNoteMember" name="DominionNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LossesOnRealEstateHeldForSaleIncludedInImpairmentLoss" name="LossesOnRealEstateHeldForSaleIncludedInImpairmentLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NREFOPPromissoryNoteMember" name="NREFOPPromissoryNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_TerminationFeeCalculationThresholdPeriod" name="TerminationFeeCalculationThresholdPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_DebtInstrumentExtensionTermUsedDuringPeriod" name="DebtInstrumentExtensionTermUsedDuringPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_RaymondJamesLoanMember" name="RaymondJamesLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GabrielLegacyLLCMember" name="GabrielLegacyLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025M6DividendsMember" name="O2025M6DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityplaceTowerMember" name="CityplaceTowerMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GrantedAxis" name="GrantedAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ProceedsFromPaidInKindInterestAndDividends" name="ProceedsFromPaidInKindInterestAndDividends" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMemberMember" name="DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_LasVegasLandOwnerLLCMember" name="LasVegasLandOwnerLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdjustmentToCashAndCashEquivalentsOnInvestmentDeconsolidationOfEntity" name="AdjustmentToCashAndCashEquivalentsOnInvestmentDeconsolidationOfEntity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NexpointDiversifiedRealEstateTrustOPGPLLCMember" name="NexpointDiversifiedRealEstateTrustOPGPLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AdvisoryAndAdministrativeFees" name="AdvisoryAndAdministrativeFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_InvestmentsMeasurementInput" name="InvestmentsMeasurementInput" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits" name="IncomeTaxReconciliationChangesInUnrecognizedTaxBenefits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_GrantYearThreeMember" name="GrantYearThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityplaceMember" name="CityplaceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityPlaceNoteB2Member" name="CityPlaceNoteB2Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ConvertibleNotesMember" name="ConvertibleNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoncashAdjustmentsToAdditionalPaidInCapitalRelatedToMerger" name="NoncashAdjustmentsToAdditionalPaidInCapitalRelatedToMerger" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NoncontrollingInterestsExtinguishedInAcquisition" name="NoncontrollingInterestsExtinguishedInAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_O2026M4DividendsMember" name="O2026M4DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2025M4DividendsMember" name="O2025M4DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PaidInKindInterestAndDividendsOperatingActivity" name="PaidInKindInterestAndDividendsOperatingActivity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_BSLoanAgreementMember" name="BSLoanAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits" name="IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_PercentageDirectlyOwnsGeneralPartnershipInterests" name="PercentageDirectlyOwnsGeneralPartnershipInterests" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_O2025M7DividendsMember" name="O2025M7DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointStoragePartnersOperatingCompanyLLCInvestmentOneMember" name="NexPointStoragePartnersOperatingCompanyLLCInvestmentOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RedeemableNoncontrollingInterestEquityPreferredSubscriptions" name="RedeemableNoncontrollingInterestEquityPreferredSubscriptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_DeferredTaxAssetsCapitalLossCarryforwardsUtilized" name="DeferredTaxAssetsCapitalLossCarryforwardsUtilized" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_RedeemableNoncontrollingInterestAcquiredInBusinessAcquisition" name="RedeemableNoncontrollingInterestAcquiredInBusinessAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_NotesPayableIssuedInMergerOfNexPointHospitalityTrust" name="NotesPayableIssuedInMergerOfNexPointHospitalityTrust" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_StockIssuedDuringPeriodSharesPursuantToDividendReimbursementPlanThatWasTerminated" name="StockIssuedDuringPeriodSharesPursuantToDividendReimbursementPlanThatWasTerminated" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_O2026M3DividendsMember" name="O2026M3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NHTAres2PackMember" name="NHTAres2PackMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts" name="UnrealizedGainLossOnInvestmentsIncludingNoncashAmounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_MinimumManagementFee" name="MinimumManagementFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_OtherMember" name="OtherMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AshmoreMember" name="AshmoreMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionAccruedRealEstateTaxesCurrent" name="AssetAcquisitionAccruedRealEstateTaxesCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_LifeScienceIIDSTMember" name="LifeScienceIIDSTMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_MarchMemberMember" name="MarchMemberMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_JuneMember" name="JuneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NexPointSFROperatingPartnershipLPInvestmentTwoMember" name="NexPointSFROperatingPartnershipLPInvestmentTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_HyattPlaceParkCityMember" name="HyattPlaceParkCityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NXDTHospitalityHoldcoLLCMember" name="NXDTHospitalityHoldcoLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_CityPlaceMezzNote1Member" name="CityPlaceMezzNote1Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_GuarantorOnLoansMember" name="GuarantorOnLoansMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebts" name="AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_O2025Q4DividendsMember" name="O2025Q4DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ScheduleOfIncomeTaxPaidTableTextBlock" name="ScheduleOfIncomeTaxPaidTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_LifeSettlementMember" name="LifeSettlementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_HighlandGlobalAllocationFundMember" name="HighlandGlobalAllocationFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_PropertyOperatingExpenses" name="PropertyOperatingExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_InternalizationFeePercent" name="InternalizationFeePercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_TitleOfIndividualAxisDomain" name="TitleOfIndividualAxisDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_RealizedInvestmentGainsLossesIncludingNoncashAmounts" name="RealizedInvestmentGainsLossesIncludingNoncashAmounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="nxdt_GeneralAndAdministrativeExpenseProperty" name="GeneralAndAdministrativeExpenseProperty" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_PercentageOfCommonStockDividendPaidAsCash" name="PercentageOfCommonStockDividendPaidAsCash" type="xbrli:pureItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_AdvisoryFeePercentage" name="AdvisoryFeePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_TitleOfIndividualAxisAxis" name="TitleOfIndividualAxisAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_TerminalCapitalizationRateMember" name="TerminalCapitalizationRateMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_ClaymoreHoldingsLlcMember" name="ClaymoreHoldingsLlcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NumberOfPropertiesHeldForSale" name="NumberOfPropertiesHeldForSale" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_UndevelopedLandInPlanoTexasMember" name="UndevelopedLandInPlanoTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_NoteBLoanMember" name="NoteBLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_AssetAcquisitionIntangibleLeaseAssets" name="AssetAcquisitionIntangibleLeaseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="nxdt_RedeemableNoncontrollingInterestsPolicyTextBlock" name="RedeemableNoncontrollingInterestsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="nxdt_RevolvingCreditFacilityNXDTSegmentMember" name="RevolvingCreditFacilityNXDTSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="nxdt_O2024Q2DividendsMember" name="O2024Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
</xsd:schema>
