Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 101

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 101
---
 equivalents$— $— $15,612 $15,612 Residential loans, at fair value1,501,908 754,860 — 2,256,768 Real estate, net held in Consolidated VIEs (1)— — 979,934 979,934 Assets of disposal group held for sale (2)— — 426,017 426,017 Other assets98,451 2,960 37,035 138,446 Total assets$1,600,359 $757,820 $1,458,598 $3,816,777 Collateralized debt obligations ($593,737 at fair value, and $1,276,780 at amortized cost, net)$1,276,780 $593,737 $— $1,870,517 Mortgages payable on real estate, net in Consolidated VIEs (3)— — 784,421 784,421 Liabilities of disposal group held for sale (2)— — 386,024 386,024 Other liabilities8,421 5,638 21,797 35,856 Total liabilities$1,285,201 $599,375 $1,192,242 $3,076,818 Redeemable non-controlling interest in Consolidated VIEs (4)$— $— $28,061 $28,061 Non-controlling interest in Consolidated VIEs (5)$— $— $20,328 $20,328 Net investment (6)$315,158 $158,445 $217,967 $691,570 (1)Included in real estate, net in the accompanying consolidated balance sheets.(2)Represents assets and liabilities, respectively, of certain Consolidated Real Estate VIEs included in disposal group held for sale (see Note 9). (3)Included in mortgages payable on real estate, net in the accompanying consolidated balance sheets.(4)Represents redeemable third-party ownership of membership interests in Consolidated Real Estate VIEs.  See Redeemable Non-Controlling Interest in Consolidated VIEs below.(5)Represents third-party ownership of membership interests in Consolidated Real Estate VIEs.(6)The net investment amount is the maximum amount of the Company's investment that is at risk to loss and represents the