Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 168

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 168
---
 I/O Strip8/11/20211,104 Multifamily3.10 %17.20 %7/25/2031CMBS I/O Strip8/24/2021199 Multifamily2.61 %18.42 %1/25/2031CMBS I/O Strip9/1/20212,947 Multifamily1.92 %19.72 %6/25/2030CMBS I/O Strip9/11/20213,162 Multifamily2.95 %17.01 %9/25/2031Total$34,979 2.49 %19.50 %(1)Current yield is the annualized income earned divided by the cost basis of the investment

21

The following table presents activity related to the Company’s CMBS I/O Strips, MSCR Notes and mortgage backed securities (in thousands):For the Three Months Ended March 31,20252024Net interest earned$(213)$664 Change in unrealized 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