Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 133

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 133
---
Fair ValueInvestmentInvestment DateProperty TypeSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024Common StockNexPoint Storage Partners11/6/2020Self-storage41,963 41,963 $26,010 $30,467 Private REIT4/14/2022Ground lease1,394,213 1,394,213 25,556 26,922 The following table presents “Change in unrealized gain (loss) on common stock investments” (in thousands): For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Change in unrealized gain (loss) on NexPoint Storage Partners$1,308 $3,006 $(4,457)$2,553 Change in unrealized gain (loss) on Private REIT(557)1,283 (1,366)(906)Change in unrealized gain (loss) on common stock investments$751 $4,289 $(5,823)$1,647 Equity Method InvestmentsThe Company owns approximately 98.0% of the total outstanding common equity of each of Resmark Forney Gateway Holdings, LLC ("RFGH") and Resmark The Brook Holdings, LLC ("RTB"). These investments are held in entities that are considered VIEs as the power to direct activities is not proportional to ownership interests. The investments are accounted for under the equity method and classified as Equity method investments.The Company owns approximately 6.0% of the total outstanding common equity of Ridgeview Place. The investment is held in an entity that is considered a VIE as the power to direct activities is not proportional to ownership interests. The investments are accounted for under the equity method and classified as Equity method investments.The Company owns approximately 79.1% of total outstanding membership interests of Capital Acquisitions Partners, LLC ("CAP"). The investment is held in an entity that is considered a VIE as the power to direct activities is not proportional to ownership interests. The investment is accounted for under the equity method and classified as Equity method investments.Preferred Stock Investments, at fair valueOn November 9, 2023, the Company invested in the Series D-1 preferred stock (“Series D-1”) of IQHQ, Inc. ("IQHQ"), a privately held life sciences real estate investment trust. The Series D-1 dividend accumulates quarterly at a