NexPoint Real Estate Finance Launches $400 Million Preferred Stock Offering

NexPoint Real Estate Finance Inc. (NYSE: NREF), a publicly traded real estate investment trust externally advised by an affiliate of NexPoint Advisors, announced the launch of a continuous public offering of up to 16 million shares of its new designated 9.0% Series B Cumulative Redeemable Preferred Stock at a price to the public of $25.00 per share, for gross proceeds of $400 million.

NREF is a commercial mortgage real estate investment trust that is primarily focused on investments in real estate sectors, including in the multifamily, single-family rental, self-storage, and life sciences sectors, predominantly in the top 50 metropolitan statistical areas. The company says it intends to use the net proceeds for general corporate purposes, which may include funding investments and repaying amounts outstanding under our debt obligations.

NexPoint Securities Inc. serves as the company’s dealer manager in connection with the offering.

The company expects that the offering will terminate on the earlier of the date the company sells all 16 million shares of the Series B Preferred Stock in the offering or March 14, 2025 (which is the third anniversary of the effective date of the company’s registration statement), which may be extended by the company’s board of directors in its sole discretion. The board may also elect to terminate the offering at any time.

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