Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 229

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 229
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 $(81,155)$2,876,066 Investment securitiesAgency RMBS1,989,324 1,500,039 (295,325)— — (57,226)3,136,812 Non-Agency RMBS24,493 53,286 (1,286)(5,284)— (1,522)69,687 U.S. Treasury securities— 657,609 — — — (35,564)622,045 Total investment securities available for sale2,013,817 2,210,934 (296,611)(5,284)— (94,312)3,828,544 Consolidated SLST (6)157,154 9,857 (18,243)— — (260)148,508 Total investment securities2,170,971 2,220,791 (314,854)(5,284)— (94,572)3,977,052 Preferred equity investments, mezzanine loans and equity investments242,908 — (30,163)— (10,917)(2,144)199,684 Equity investments in consolidated multi-family properties (7)211,214 7,611 (25,824)— (9,344)(32,447)151,210 Equity investments in disposal group held for sale (3)36,815 1,890 (23,331)3,515 9,344 (8,729)19,504 Single-family rental properties151,885 2,244 — (5,292)— (6,591)142,246 Mortgage servicing rights— 9,470 — — 10,917 616 21,003 Total investment portfolio$5,143,236 $4,134,898 $(1,496,403)$(169,944)$— $(225,022)$7,386,765 

(1)Includes draws funded for business purpose bridge loans and existing equity investments and capitalized costs for single-family rental properties.

(2)Includes principal repayments and return of invested capital.

(3)In September 2022, the Company announced a repositioning of its business through the opportunistic disposition over time of the Company's joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to