On January 26, 2022, NexPoint Advisors LP announced that it has called on United Development Funding IV for additional oversight of the REIT, three days after a federal jury convicted some of the trust's officers of fraud. NexPoint Advisors stated that it has made a dozen unsolicited offers to buy all shares of the Company and an active order to purchase shares from existing shareholders at a price of $1.10 stands. NexPoint Advisors added that the Company's parent Company, and allegedly illegal transfers involving fund IV were at the core of the criminal charges against the Company's officers.

NexPoint Advisors stated that it has filed suit in a Maryland court, where the Company is chartered, to compel UDF to provide shareholders with access to its books and records.