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        <principalAggregatePurchase>1538467.55</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>20648290.69</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <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>
        <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>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.27</managementFee>
      <netOperatingExpenses>0.0199</netOperatingExpenses>
      <netAssetValuePerShare>21.54</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="NEXPOINT REAL ESTATE STRATEGIES FUND" signedDate="2022-03-08" signature="Stephanie Vitiello" title="Chief Compliance Officer"/>
  </formData>
</edgarSubmission>
