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    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Other</description>
          <securityClassTitle>Class A Shares of Beneficial Interest</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNMS" commonStockTickerSymbol="NRSAX"/>
          </commonStocks>
          <otherSecurityDescription>Class A Shares of Beneficial Interest</otherSecurityDescription>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Other</description>
          <securityClassTitle>Class C Shares of Beneficial Interest</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNMS" commonStockTickerSymbol="NRSCX"/>
          </commonStocks>
          <otherSecurityDescription>Class C Shares of Beneficial Interest</otherSecurityDescription>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Other</description>
          <securityClassTitle>Class Z Shares of Beneficial Interest</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNMS" commonStockTickerSymbol="NRSZX"/>
          </commonStocks>
          <otherSecurityDescription>Class Z Shares of Beneficial Interest</otherSecurityDescription>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.25000000</managementFee>
      <netOperatingExpenses>2.13000000</netOperatingExpenses>
      <marketPricePerShare>0</marketPricePerShare>
      <netAssetValuePerShare>19.08000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="NEXPOINT REAL ESTATE STRATEGIES FUND" signedDate="2019-03-15" signature="Frank Waterhouse" title="Treasurer, Principal Executive Officer and Principal Financial and Accounting Officer"/>
  </formData>
</edgarSubmission>
