Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 41

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 41
---
 the Company valued this investment based on the Private REIT's market approach yield of $19.31 and $20.37 per share, respectively.

F-24

Table of Contents

The following table presents the common stock investments as of December 31, 2024 and 2023, respectively (in thousands, except share amounts):InvestmentInvestment DateProperty TypeSharesFair ValueDecember 31, 2024December 31, 2023December 31, 2024December 31, 2023Common StockNexPoint Storage Partners11/6/2020Self-storage41,96341,963$30,467 $33,129 Private REIT4/14/2022Ground lease1,394,2131,394,21326,922 28,400 The following table presents “Change in unrealized gain (loss) on common stock investments” (in thousands): For the Year Ended December 31,202420232022Change in unrealized gain (loss) on NexPoint Storage Partners$(2,662)$(17,251)$(8,080)Change in unrealized gain (loss) on Private REIT(1,478)515 2,884 Change in unrealized gain (loss) on common stock investments$(4,140)$(16,736)$(5,196)Equity Method InvestmentsThe Company owns approximately 98.0% of the total outstanding common equity of each of Resmark Forney Gateway Holdings, LLC ("RFGH") and Resmark The Brook Holdings, LLC ("RTB"). These investments are held in entities that are considered VIEs as the power to direct activities is not proportional to ownership interests. The investments are accounted for under the equity method and classified as Equity method investments.The Company owns approximately 12.3% of the total outstanding common equity of Slater Apartments ("SK Apartments"). The investment is held in an entity that is considered a VIE as the power to direct activities is not proportional to ownership interests. The investments are accounted for under the equity method and classified as Equity method investments.The Company owns approximately 79.1% of total outstanding membership interests of Capital Acquisitions Partners, LLC ("CAP"). The investment is held in an entity that is considered a VIE as the power to direct activities is not proportional to ownership interests. The investment is accounted for under the equity method and classified as Equity method investments.Preferred Stock Investments, at fair valueOn November 9, 2023, the