Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 93

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 93
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ighaus, LLC— 701 1,852 Somerset Deerfield Investor, LLC— — 1,944 RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, LLC and RS SWD Saltzman Owner, LLC (collectively)— — 529 Walnut Creek Properties Holdings, L.L.C.— — (153)DCP Gold Creek, LLC— — 254 Rigsbee Ave Holdings, LLC— — (174)Lurin-RMI, LLC— — 558 Total Income - Multi-Family Preferred Equity Ownership Interests$7,912 $20,462 $18,670 For the years ended December 31, 2024, 2023 and 2022, the Company recognized $0.2 million, $0.2 million and $2.9 million in premiums resulting from early redemption of multi-family preferred equity ownership interests included in equity investments, respectively, which are included in other income on the accompanying consolidated statements of operations.

F-32

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 income from equity investments in the Company's accompanying consolidated statements of operations.  The following table presents income (loss) from these investments for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands):    For the Years Ended December 31,Investment Name202420232022Single-Family Equity Ownership InterestsConstructive Loans, LLC (1)$12,481 $614 $(1,750)Morrocroft Neighborhood Stabilization Fund II, LP (2)— — (416)Total Income (Loss)  - Single Family Equity Ownership Interests$12,481 $614 $(2,166)Joint Venture Equity Investments in Multi-Family Properties (3)GWR Cedars Partners, LLC$(1,756)$(823)$(1,050)GWR Gateway Partners, LLC(2,626)(2,468)(380)Total Loss - Joint Venture Equity Investments in Multi-Family Properties$(4,382)$(3,291)$(1,430)(1)Includes net unrealized gains of $3.