NexPoint Securities, Inc., an affiliate of NexPoint Real Estate Advisors VII, L.P., who acts as NREF's external manager, will serve as the Company's dealer manager in connection with the offering. The Series B Preferred Stock is being offered by NexPoint Securities on a "reasonable best efforts" basis. There is no public market for the Series B Preferred Stock and the Company does not intend to apply for a listing of the Series B Preferred Stock on any national securities exchange.