Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 307

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 307
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 initially one but may be increased by following the affirmative vote or consent of the majority of the voting power of the OP Units (the “Requisite Approval”). The election of directors to and removal of directors from the Partnership Board also requires the Requisite Approval.The following table sets forth the redeemable noncontrolling interests in the OP (reflecting the OP’s consolidation of the Subsidiary OPs) for the years ended December 31, 2024, 2023, and 2022 (in thousands):For the Year Ended December 31,202420232022Redeemable noncontrolling interests in the OP, January 1,$89,471 $96,501 $261,423 Adjustment to redeemable noncontrolling interest in the OP on deconsolidation of real estate— 297 — Net income attributable to redeemable noncontrolling interests in the OP6,770 4,765 4,969 Redemption of redeemable noncontrolling interests in the OP— — (155,614)Distributions to redeemable noncontrolling interests in the OP(10,077)(12,092)(14,277)Redeemable noncontrolling interests in the OP, December 31,$86,164 $89,471 $96,501 The tables below present the common shares and OP Units outstanding held by the noncontrolling interests (“NCI”), as the OP Units and SubOP Units held by the Company are eliminated in consolidation:Period EndCommon SharesOutstandingOP Units Held byNCICombinedOutstandingDecember 31, 202417,461,1295,038,38222,499,511December 31, 202317,231,9135,038,38222,270,295

F-45

Table of Contents

14. Related Party Transactions

Management FeeIn accordance with the Management Agreement, the Company pays the Manager an annual management fee equal to 1.5% of Equity (as defined below), paid monthly, in cash or shares of Company common stock at the election of our Manager (the “Annual Fee”). The duties performed by the Company’s Manager under the terms of the Management Agreement include, but are not limited to: providing daily management for the Company, selecting and working with third-party service providers, formulating an investment strategy for the Company and selecting suitable investments, managing the Company’s outstanding debt and its interest rate exposure and determining when to sell assets. “Equ