Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 126

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1A
Chunk 126
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 gain (loss) on CMBS structured pass-through certificates1,172 (40)Change in unrealized gain (loss) on MSCR Notes— (15)Change in unrealized (loss) on mortgage backed securities— 440 Total$959 $1,049 

8. Real Estate Investments, net

On December 31, 2021, the Company acquired a 204-unit multifamily property in Charlotte, North Carolina (Hudson Montford). 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). As of March 31, 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 andEquipmentTotalsHudson Montford$10,996 $50,199 $— $15 $1,040 $62,250 Alexander at the District7,806 59,378 — — 1,288 68,472 Accumulated depreciation and amortization— (8,595)— — (1,232)(9,827)Total Real Estate Investments, Net$18,802 $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 

22

The following table reflects the revenue and expenses for the three months ended March 31, 2025 and 2024