CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated March 2, 2020, relating to the financial statements and financial highlights of NexPoint Real Estate Strategies Fund for the year ended December 31, 2019, and to the references to our firm under the headings “Financial Highlights” and “Independent Registered Public Accounting Firm” in the Prospectus and “Independent Registered Public Accounting Firm” and “Financial Statements” in the Statement of Additional Information. 

Cohen & Company, Ltd.  

Cleveland, Ohio 

April 29, 2020