| Schedule of Common Stock, Preferred Stock, and Warrant Investments at Fair Value |
The following table presents the common stock investments as of March 31, 2026 and December 31, 2025, respectively (in thousands, except share amounts):
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Shares |
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Fair Value |
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Investment |
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Investment Date |
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Property Type |
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March 31, 2026 |
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December 31, 2025 |
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March 31, 2026 |
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December 31, 2025 |
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Common Stock |
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NexPoint Storage Partners |
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11/6/2020 |
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Self-storage |
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42,824 |
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42,824 |
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$ |
24,892 |
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$ |
24,761 |
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Private REIT |
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4/14/2022 |
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Ground Lease |
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1,394,213 |
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1,394,213 |
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$ |
27,968 |
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$ |
24,343 |
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The following table presents Preferred stock and warrant investments, at fair value as of March 31, 2026 and December 31, 2025, respectively (in thousands, except share amounts):
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Shares |
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Fair Value |
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Investment |
Investment Date |
Property Type |
March 31, 2026 |
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December 31, 2025 |
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March 31, 2026 |
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December 31, 2025 |
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Interest Rate |
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Maturity Date |
Preferred Stock |
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IQHQ Series D Preferred Stock |
11/9/2023 |
Life Science |
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18,949 |
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|
18,949 |
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$ |
18,616 |
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$ |
18,617 |
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|
15.50 |
% |
N/A |
IQHQ Series E Preferred Stock |
1/2/2025 |
Life Science |
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137,013 |
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|
137,013 |
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|
136,081 |
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|
136,115 |
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|
16.50 |
% |
N/A |
NSP Series G Preferred Stock |
10/8/2025 |
Self - Storage |
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3,287 |
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|
3,178 |
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|
3,269 |
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|
3,161 |
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15.00 |
% |
N/A |
Warrants |
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IQHQ, Inc. |
5/23/2024 |
Life Science |
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55,584,966 |
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55,584,966 |
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|
136,739 |
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|
141,186 |
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N/A |
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N/A |
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