Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 134

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1A
Chunk 134
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, North Carolina (Hudson Montford). On June 4, 2025, the Company entered into a purchase agreement with NexBank Capital, Inc. ("NexBank Capital") for the sale of Hudson Montford. Subsequent to June 30, 2025, the Company completed the sale of Hudson Montford for $60.0 million. A director and officer of the Company, who controls the Manager, which externally manages the Company, also (i) is the beneficiary of a trust that indirectly owns 100% of the limited partnership interests in the parent of the Manager and directly owns 100% of the general partnership interests in the parent of the Manager and (ii) is a director of NexBank Capital, the holding company of NexBank, directly owns a minority of the common stock of NexBank, and is the beneficiary of a trust that directly owns a substantial portion of the common stock of NexBank. For more information on the sale, see Note 17.On October 10, 2023, the Company exercised its right to terminate and replace the existing manager of SPG Alexander JV LLC, which owns a 280-unit multifamily property in Atlanta, Georgia (Alexander at the District). 

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As of June 30, 2025, the components of the Company's investments in multifamily properties were as follows (in thousands):Real Estate Investments, NetLandBuildings andImprovementsIntangible LeaseAssetsConstruction in ProgressFurniture,Fixtures andEquipmentTotalsAlexander at the District$7,806 $59,662 $— $16 $1,333 $68,817 Accumulated depreciation and amortization— (3,506)— — (593)(4,099)Net Operating Real Estate Investments$7,806 $56,156 $— $16 $740 $64,718 Net Real Estate held for saleLandBuildings andImprovementsIntangible LeaseAssetsConstruction in ProgressFurniture,Fixtures andEquipmentTotalsHudson Montford$10,996 $50,276 $— $— $1,113 $62,385 Accumulated depreciation and amortization— (5,594)— — (748)(6,342)Net Real Estate held for sale$10,996 $44,682 $— $— $365 $56,043 As of December 31,