Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 62

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 62
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25 %Discount rate8.00% - 8.50%8.25 %IQHQ, Inc.18,949 Discounted cash flowDiscount rate11.00% - 12.00%11.50 %Private REIT26,922 Market approachNAV per share multiple1.00x - 1.15x1.08x(1)Averages are weighted based on the fair value of the related instrument.The following is a summary of significant unobservable inputs used in the fair valuation of the Company's Level 3 assets carried at fair value on the Consolidated Balance Sheets as of December 31, 2023 (dollars in thousands):CarryingValueValuation TechniqueUnobservable InputsRangeWeighted Average (1)NexPoint Storage Partners$33,129 Discounted cash flowTerminal cap rate5.00% - 5.50%5.25 %Discount rate7.50% - 9.50%8.50 %IQHQ, Inc.14,776 Discounted cash flowDiscount rate11.00% - 12.00%11.50 %Private REIT28,400 Market approachNAV per share multiple1.00x - 1.20x1.10x(1)Averages are weighted based on the fair value of the related instrument.The table below reflects a summary of changes for the Company's Level 3 common and preferred stock assets carried at fair value on the Consolidated Balance Sheets for the year ended December 31, 2024:Balances as of December 31, 2023AdditionsChange in Unrealized Gains/(Losses)Balances as of December 31, 2024NexPoint Storage Partners$33,129 $— $(2,662)$30,467 Private REIT28,400 — (1,478)26,922 IQHQ, Inc.14,776 3,506 667 18,949 The table below reflects a summary of changes for the Company's Level 3 common and preferred stock assets carried at fair value on the Consolidated Balance Sheets for the year ended December 31, 2023:Balance as of December 31, 2022AdditionsChange in Unrealized Gains/(Losses)Balance as of December 31, 2023NexPoint Storage Partners$50,380 $— $(17,251)$33,129 Private RE