Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 382

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 382
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9 million and $2.0 million of net unrealized losses, respectively. Income from these investments during the three and nine months ended September 30, 2024 includes $4.5 million and $5.2 million of net unrealized losses, respectively.For the Three Months Ended September 30,For the Nine Months Ended September 30,Investment Name2025202420252024Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively)$249 $438 $1,030 $693 Tides on 27th Investors, LLC(2,765)(4,111)(2,422)(3,436)Rapid City RMI JV LLC412 388 1,225 1,199 Lucie at Tradition Holdings, LLC462 798 2,176 2,332 EHOF-NYMT Sunset Apartments Preferred, LLC— 627 950 1,999 Syracuse Apartments and Townhomes, LLC— 724 — 2,354 Palms at Cape Coral, LLC— — — 69 Total (Loss) Income - Multi-Family Preferred Equity Ownership Interests$(1,642)$(1,136)$2,959 $5,210 Income (loss) from single-family equity ownership interests and joint venture equity investments in multi-family properties that are accounted for under the equity method using the fair value option is presented in (loss) income from equity investments in the Company's accompanying condensed consolidated statements of operations. The following table presents income (loss) from these investments for the three and nine months ended September 30, 2025 and 2024, respectively (dollar amounts in thousands):    For the Three Months Ended September 30,For the Nine Months Ended September 30,Investment Name2025202420252024Single-Family Equity Ownership Interests (1)Constructive Loans, LLC$47 $7,611 $(1,554)$9,301 Total Income (Loss) - Single-Family Equity Ownership Interests$47 $7,611 $(1,554)$9,301 Joint Venture Equity Investments in Multi-Family Properties (2)GWR Cedars Partners, LLC$— $(112)$39 $(1,741)G