Jade Rahmani

Stephen Laws

Crispin Love

- On October 10, 2025, NexPoint Real Estate Finance Operating Partnership, L.P. (the OP) **issued and sold an aggregate principal amount of $45.0 million of 7.875% Senior Unsecured Notes due 2026** to Bluerock Total Income+ Real Estate Fund and The Ohio State Life Insurance Company.  **[1786248_0001437749-25-030861_nref20251010_8k.htm:1]** 
- The OP intends to use the net proceeds from the Notes to **fully repay approximately $36.5 million aggregate principal amount of its 7.50% Senior Unsecured Notes due 2025** and for general corporate purposes.  **[1786248_0001437749-25-030861_nref20251010_8k.htm:1]** 
- The Notes mature on **October 10, 2026**, with two six-month extension options, and the interest rate will **increase by 3.0%** if the second extension option is exercised.  **[1786248_0001437749-25-030861_nref20251010_8k.htm:1]** 
- On October 8, 2025, the OP **purchased approximately 3,178 shares of NexPoint Storage Partners, Inc. (NSP) 15.0% Cumulative Series G Preferred Stock for a purchase price of $3.2 million**.  **[1786248_0001437749-25-030861_nref20251010_8k.htm:1]**

NexPoint Real Estate Finance Operating Partnership Issues New Senior Unsecured Notes and Makes Investment

- NexPoint Real Estate Finance, Inc. (NREF) has increased the total authorized offering amount of its **9.00% Series B Cumulative Redeemable Preferred Stock** to **17,200,000 shares** as of October 1, 2025.  **[1786248_0001437749-25-030194_nref20250930_8k.htm:1]** **[1786248_0001437749-25-030194_ex_865453.htm:1]** **[1786248_0001437749-25-030194_nref20250930_8k.htm:2]** 
- This increase includes an **additional 1,200,000 shares** of Series B Preferred Stock and Series B Preferred Units.  **[1786248_0001437749-25-030194_nref20250930_8k.htm:1]** **[1786248_0001437749-25-030194_nref20250930_8k.htm:2]** 
- As of October 1, 2025, NREF has sold **13,717,142 shares** of Series B Preferred Stock, with **3,482,858 shares** remaining available for offer and sale.  **[1786248_0001437749-25-030194_ex_865455.htm:0]** **[1786248_0001437749-25-030194_nref20250930_8k.htm:4]** 
- Each share of Series B Preferred Stock is offered at a public offering price of **$25.00 per share**.  **[1786248_0001437749-25-030194_ex_865453.htm:1]** **[1786248_0001437749-25-030194_nref20250930_8k.htm:4]**

NexPoint Real Estate Finance (NREF)