Company: RNP
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049819
Chunk: 44

Company: COHEN & STEERS REIT & PREFERRED & INCOME FUND INC
Filing Date: 2025-03-07
Form: N-CSR
Chunk 44
---

44

C OHEN& S TEERSREIT ANDP REFERRED ANDI NCOMEF UND, I NC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

companies at historical cost as of December 31, 2024. The Fund states its ownership interests in non-consolidatedlimited liability companies at fair value.

| Balance Sheet:                        
 Assets:                               |     | Legacy Gateway JV LLC(a) |            |
|:--------------------------------------|:----|:-------------------------|-----------:|
| Real estate, net (total cost)         |     | $                        | 85,786,266 |
| Cash                                  |     |                          |  3,576,293 |
| Other current assets                  |     |                          |  1,221,901 |
| Total Assets                          |     | $                        | 90,584,460 |
| Liabilities and Equity:               |     |                          |            |
| Mortgage notes payable                |     | $                        | 52,000,000 |
| Accrued expenses and accounts payable |     |                          |  1,839,205 |
| Tenant security deposits              |     |                          |    175,291 |
| Other liabilities                     |     |                          |    619,005 |
| Total Liabilities                     |     |                          | 54,633,501 |
| Equity                                |     |                          | 35,950,959 |
| Total Liabilities and Equity          |     | $                        | 90,584,460 |
| Income Statement                      |     |                          |            |
| Revenue                               |     | $                        |  9,021,781 |
| Expenses                              |     |                          |  7,768,466 |
| Net Income                            |     | $                        |  1,253,315 |

| (a) | Represents summarized financial information of Legacy Gateway JV LLC, a Class A office                                                       
 building located at 6860 N. Dallas Parkway, Plano, Texas 75024, which includes 100% of ownership interests in the limited liability company. |

Note 5. Derivative Investments

The following tables present the value of derivatives held at December 31, 2024 and the effect of derivatives held during the year ended December 31, 2024, if any, along with the respective location in the consolidated financial statements.

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C OHEN& S TEERSREIT ANDP REFERRED ANDI N