NexPoint Real Estate Finance, Inc.

Frequently Asked Questions About NREF

What does NREF invest in?

NexPoint Real Estate Finance, Inc. (NREF) is a U.S.-based real estate finance firm. Its core activities involve the origination, structuring, and investment in a diverse range of real estate-backed financial products. These encompass senior mortgage debt, mezzanine debt, preferred equity, preferred stock, and securitized multifamily commercial mortgage-backed securities. The company aims to qualify as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes. This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable earnings to its shareholders. Established in 2019, NREF is headquartered in Dallas, Texas.

What is the expense ratio of NREF?

An expense ratio for NexPoint Real Estate Finance, Inc. (NREF) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is NREF?

NexPoint Real Estate Finance, Inc. (NREF) manages $315.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NREF actively managed or an index fund?

NREF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NREF launched?

NexPoint Real Estate Finance, Inc. (NREF) launched in February 2020 and is managed by the fund issuer.

How has NREF performed?

NREF's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.