Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 169

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 169
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$100,982 $— $15 $1,096 $120,895 As of December 31, 2024, the components of the Company's investments in multifamily properties were as follows (in thousands):Real Estate Investments, NetLandBuildings andImprovementsIntangible LeaseAssetsConstruction in ProgressFurniture,Fixtures andEquipmentTotalsHudson Montford$10,996 $50,204 $— $— $1,018 $62,218 Alexander at the District7,806 59,331 — 2 1,229 68,368 Accumulated depreciation and amortization— (7,662)— — (1,088)(8,750)Total Real Estate Investments, Net$18,802 $101,873 $— $2 $1,159 $121,836 

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The following table reflects the revenue and expenses for the three months ended March 31, 2025 and 2024 for our multifamily properties (in thousands):For the Three Months Ended March 31,20252024RevenuesRental income$2,378 $2,087 Other income31 124 Total revenues2,409 2,211 ExpensesInterest expense1,820 2,088 Real estate taxes and insurance389 452 Property operating expenses567 176 Property general and administrative expenses124 173 Property management fees70 62 Depreciation and amortization1,079 2,318 Rate cap (income) expense(10)169 Casualty (gain) loss— (1)Total expenses4,039 5,437 Net income (loss) from consolidated real estate owned$(1,630)$(3,226)

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9. Debt

The following table summarizes the Company’s financing arrangements in place as of March 31, 2025 (dollars in thousands):March 31, 2025FacilityCollateralDate issuedOutstandingface amountCarryingvalueFinal statedmaturityWeightedaverageinterestrate (1)Weightedaveragelife (years)(2)Outstandingface amountAmortized cost basisCarryingvalue (3)Weightedaveragelife (years)(2)Master Repurchase AgreementsCMBSMizuho(4)4/15/2020$258,598 $258,598