Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 92

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 92
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70%3,823 Total - Joint Venture Equity Investments in Multi-Family Properties1,338 5,720 Single-Family Equity Ownership InterestsConstructive Loans, LLC (1)50%38,718 50%37,154 Total - Single-Family Equity Ownership Interests38,718 37,154 Total$113,492 $147,116 (1)The Company purchased $307.8 million, $80.8 million and $260.6 million of residential loans from this entity during the years ended December 31, 2024, 2023 and 2022, respectively.

F-31

The following table presents income from multi-family preferred equity ownership interests for the years ended December 31, 2024, 2023, and 2022, respectively (dollar amounts in thousands). Income (loss) from these investments is presented in income from equity investments in the Company's accompanying consolidated statements of operations. Income (loss) from these investments during the years ended December 31, 2024, 2023 and 2022 includes $4.9 million of net unrealized losses, $1.2 million of net unrealized gains and $3.6 million of net unrealized losses, respectively. For the Years Ended December 31,Investment Name202420232022EHOF-NYMT Sunset Apartments Preferred, LLC$2,722 $2,579 $1,939 Lucie at Tradition Holdings, LLC3,355 2,841 2,008 Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively)1,070 1,234 540 Tides on 27th Investors, LLC(3,320)2,513 — Rapid City RMI JV LLC1,594 541 — Syracuse Apartments and Townhomes, LLC2,422 2,691 1,816 Palms at Cape Coral, LLC69 751 554 FF/RMI 20 Midtown, LLC— 3,948 2,904 America Walks at Port St. Lucie, LLC— 2,244 3,140 1122 Chicago DE, LLC— 419 959 B