NexPoint Real Estate Finance Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement

$NREF
Real Estate Investment Trusts
Real Estate
Get the next $NREF alert in real time by email
nref20250108_8k.htm
false 0001786248 0001786248 2025-01-02 2025-01-02 0001786248 nref:CommonStockParValue001PerShareCustomMember 2025-01-02 2025-01-02 0001786248 nref:SeriesACumulativeRedeemablePreferredStockParValue001PerShare850CustomMember 2025-01-02 2025-01-02
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

 
FORM 8-K 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): January 2, 2025
 
NEXPOINT REAL ESTATE FINANCE, INC.
(Exact Name Of Registrant As Specified In Charter)
 
Maryland
 
001-39210
 
84-2178264
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
300 Crescent Court, Suite 700
Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
 
Registrant’s telephone number, including area code: (214) 276-6300
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Exchange Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
8.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share
NREF
 
NREF-PRA
New York Stock Exchange
 
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
 

 
Item 1.01 Entry Into a Material Definitive Agreement.
 
NexPoint Real Estate Finance, Inc. (the “Company”) previously announced that on May 10, 2024, the Company, through its subsidiary NREF OP IV, L.P. (“OP IV”); NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (“NXDT OP”), the operating partnership of NexPoint Diversified Real Estate Trust, an entity that is advised by an affiliate of the Company’s external manager NexPoint Real Estate Advisors VII, L.P. (our “Manager”); and The Ohio State Life Insurance Company (“OSL”), an entity that may be deemed an affiliate of the Manager through common beneficial ownership, entered into an Assignment and Assumption and Co-Lender Agreement (the “Initial Assignment Agreement”), pursuant to which OP IV assigned the right to fund up to 9% of a loan made to IQHQ-Alewife Holdings, LLC (the “Alewife Loan”) to NXDT OP and allocated the right to fund up to 9% of the Alewife Loan to OSL.
 
Effective January 2, 2025, the Company, through OP IV, entered into an Assignment and Assumption and Co-Lender Agreement (the “Assignment Agreement” and, together with the Initial Assignment Agreement, the “Assignment Agreements”) with OSL pursuant to which OP IV assigned $7.5 million interest in the Alewife Loan to OSL for cash and increased OSL’s allocation of the right to fund to up to 14.4896% of the Alewife Loan. In addition, under the Assignment Agreement, at any time and from time to time, NREF may purchase up to all of the amounts funded by OSL in the Alewife Loan from OSL.
 
Pursuant to the Assignment Agreements, upon receipt of a draw request, NXDT OP and OSL have the right to elect to fund an amount equal or greater than zero and up to (i) 9% or 14.4896%, respectively, of the total amount of all advances previously made under the Alewife Loan plus the amount of the then current borrowing, (ii) less the total amount of advances previously made by NXDT OP and OSL, respectively. OP IV is required to fund any amounts not funded by OSL and NXDT OP under the Assignment Agreements. At any time that NXDT OP and OSL have funded less than their respective percentages of all advances made under the Alewife Loan, NXDT OP and OSL have the option upon notice to OP IV to pay to OP IV any amount of such unfunded amount. Upon such payment, NXDT OP or OSL would become entitled to all interest and fees accrued on the amount paid to OP IV on and after the date of such payment.
 
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
NEXPOINT REAL ESTATE FINANCE, INC.
 
   
By:
 
/s/ Paul Richards
   
Name: Paul Richards
Title: Chief Financial Officer, Executive Vice President-Finance, Assistant Secretary and Treasurer
 
Date: January 8, 2025
 
 
Get the next $NREF alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$NREF

DatePrice TargetRatingAnalyst
9/19/2024Strong Buy → Mkt Perform
Raymond James
12/13/2023Outperform → Mkt Perform
Keefe Bruyette
10/24/2022Neutral
Piper Sandler
11/16/2021$22.50 → $23.00Strong Buy
Raymond James
More analyst ratings

$NREF
Press Releases

Fastest customizable press release news feed in the world

See more
  • NexPoint Real Estate Finance Announces 2024 Dividend Income Tax Treatment

    DALLAS, Feb. 7, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") announced today the final income allocations of the Company's 2024 dividend distributions on its common stock, Series A Preferred Stock and Series B Preferred Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #65342V101) Ex Dividend Date Record Date Payable Date Distribution Per Share TaxableOrdinary Income Per Share (1) Return of Capital Per Share 3/14/2024 3/15/2024 3/28/2024 $0.50000 $0.453

    $NREF
    Real Estate Investment Trusts
    Real Estate
  • NexPoint Real Estate Finance, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Conference Call

    DALLAS, Jan. 24, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") announced today that the Company is scheduled to host a conference call on Thursday, February 27, 2025, at 11:00 a.m. ET (10:00 a.m. CT), to discuss fourth quarter and full year 2024 financial results.   The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 6891136.  A live audio webcast of the call will be available online at the Company's website, nref.nexpoint.com (unde

    $NREF
    Real Estate Investment Trusts
    Real Estate
  • NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend

    DALLAS, Dec. 24, 2024 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") today announced a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE:NREF) of $0.53125 per share. The dividend will be payable on January 27, 2025, to stockholders of record at the close of business on January 15, 2025.    About NexPoint Real Estate Finance, Inc. NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its common stock and Series A Preferred Stock listed on the New York Stock Exchange under the symbol "NREF" and "NREF PRA," r

    $NREF
    Real Estate Investment Trusts
    Real Estate

$NREF
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$NREF
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$NREF
SEC Filings

See more

$NREF
Leadership Updates

Live Leadership Updates

See more
  • NexPoint Real Estate Finance Announces Appointment of Independent Director

    DALLAS, Aug. 4, 2022 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (the "Company") (NYSE:NREF) announced today Dr. Carol Swain was appointed to the Board of Directors effective August 2, 2022. Dr. Carol Swain, an award-winning political scientist and former tenured professor at Princeton and Vanderbilt Universities, is a Distinguished Senior Fellow for Constitutional Studies with the Texas Public Policy Foundation and an educational advisor for American Cornerstone Institute. She has served on the Tennessee Advisory Committee to the U.S. Civil Rights Commission, the Natio

    $NREF
    Real Estate Investment Trusts
    Real Estate

$NREF
Financials

Live finance-specific insights

See more
  • NexPoint Real Estate Finance Announces 2024 Dividend Income Tax Treatment

    DALLAS, Feb. 7, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") announced today the final income allocations of the Company's 2024 dividend distributions on its common stock, Series A Preferred Stock and Series B Preferred Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #65342V101) Ex Dividend Date Record Date Payable Date Distribution Per Share TaxableOrdinary Income Per Share (1) Return of Capital Per Share 3/14/2024 3/15/2024 3/28/2024 $0.50000 $0.453

    $NREF
    Real Estate Investment Trusts
    Real Estate
  • NexPoint Real Estate Finance, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Conference Call

    DALLAS, Jan. 24, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") announced today that the Company is scheduled to host a conference call on Thursday, February 27, 2025, at 11:00 a.m. ET (10:00 a.m. CT), to discuss fourth quarter and full year 2024 financial results.   The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 6891136.  A live audio webcast of the call will be available online at the Company's website, nref.nexpoint.com (unde

    $NREF
    Real Estate Investment Trusts
    Real Estate
  • NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend

    DALLAS, Dec. 24, 2024 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE:NREF) (the "Company") today announced a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE:NREF) of $0.53125 per share. The dividend will be payable on January 27, 2025, to stockholders of record at the close of business on January 15, 2025.    About NexPoint Real Estate Finance, Inc. NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its common stock and Series A Preferred Stock listed on the New York Stock Exchange under the symbol "NREF" and "NREF PRA," r

    $NREF
    Real Estate Investment Trusts
    Real Estate

$NREF
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more