Debt - Additional Information 2 (Details)
$ in Thousands |
|
|
|
|
|
6 Months Ended |
12 Months Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 17, 2025
USD ($)
|
Sep. 11, 2025
USD ($)
|
Jun. 25, 2025
USD ($)
|
Aug. 22, 2024 |
Dec. 06, 2023
USD ($)
|
Jun. 30, 2026
USD ($)
Home
Tranches
|
Jun. 30, 2025
USD ($)
|
Dec. 31, 2025
USD ($)
|
Aug. 14, 2026 |
Jun. 29, 2026
USD ($)
|
Jun. 25, 2026
USD ($)
|
Jun. 08, 2026
USD ($)
|
May 07, 2026
USD ($)
|
Mar. 06, 2026
USD ($)
|
Feb. 26, 2026
USD ($)
|
May 15, 2025
USD ($)
|
Sep. 25, 2024
USD ($)
|
Jul. 24, 2024
USD ($)
|
Jul. 11, 2024
USD ($)
|
Feb. 29, 2024
USD ($)
|
Aug. 12, 2022
USD ($)
|
Mar. 04, 2022
USD ($)
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Credit facilities proceeds received |
|
|
|
|
|
|
$ 64,900
|
$ 13,710
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
2,664,537
|
|
$ 2,726,197
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Borrowed Under Revolving credit Agreement |
|
|
|
|
|
|
145,254
|
|
80,555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative, notional amount |
|
|
|
|
|
|
584,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
2,186,909
|
|
2,210,512
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NexPoint Homes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
477,628
|
|
515,685
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Ohio State Life Insurance Company (OSL) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repayments of debt |
|
|
|
|
|
|
|
|
10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class A Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
$ 178,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class B Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
38,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class C Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
30,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class D Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
43,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class E1 Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
50,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class E2 Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
12,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Lender | VineBrook Homes Depositor A, LLC | Class R Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
39,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPMorgan Chase Bank, N.A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repayments of debt |
|
|
|
|
|
|
|
|
500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Term Loan | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
0.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 447,122
|
|
474,918
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 485,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
5.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
1.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
1.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Term Loan | Adjusted Secured Overnight Financing Rate | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Term Loan | Adjusted Daily Effective Secured Overnight Financing Rate | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
1.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Term Loan | Secured Overnight Financing Rate | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
0.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Loan Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 341,100
|
|
366,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
|
|
|
|
|
4.9235%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
12.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, number of collateral property | Home |
|
|
|
|
|
|
2,496
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
12.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of tranches | Tranches |
|
|
|
|
|
|
6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Loan Agreement | VineBrook Homes Depositor A, LLC | Class F Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
$ 39,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of debt |
|
|
|
|
|
$ 300,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Loan Agreement | ABS I Borrower | Class F Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of debt |
|
|
|
|
|
314,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS I Loan Agreement | ABS I Lender | VineBrook Homes Depositor A, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
$ 392,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS II Loan Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 389,000
|
|
397,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
12.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, number of collateral property | Home |
|
|
|
|
|
|
2,372
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
12.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of tranches | Tranches |
|
|
|
|
|
|
7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS II Loan Agreement | Tranche A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 176,900
|
|
|
| ABS II Loan Agreement | Tranche B |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,600
|
|
|
| ABS II Loan Agreement | Tranche C |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,600
|
|
|
| ABS II Loan Agreement | Tranche D |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,900
|
|
|
| ABS II Loan Agreement | Tranche E1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,500
|
|
|
| ABS II Loan Agreement | Tranche E2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,200
|
|
|
| ABS II Loan Agreement | Tranche R |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,900
|
|
|
| ABS II Loan Agreement | Class A Certificates | Interest rate caps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative, notional amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 19,500
|
|
19,500
|
|
|
| ABS II Loan Agreement | Class B Certificates | Interest rate caps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative, notional amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,500
|
10,500
|
|
|
| ABS II Loan Agreement | Class C Certificates | Interest rate caps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative, notional amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000
|
|
|
2,000
|
|
|
| ABS II Loan Agreement | VineBrook Homes Depositor A, LLC | Class F Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of debt |
|
|
|
|
|
$ 242,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS II Loan Agreement | ABS II Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
4.6495%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
4.6495%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS II Loan Agreement | ABS II Loan | Class F Certificates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of debt |
|
|
|
|
|
$ 331,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABS II Loan Agreement | ABS II Loan | VineBrook Homes Depositor A, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Acquisition Facility | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Extension period |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 370,500
|
|
417,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 129,469
|
|
82,569
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
$ 500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Acquisition Facility | Adjusted Secured Overnight Financing Rate | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| JPM Acquisition Facility | Secured Overnight Financing Rate | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
2.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Barings Term Loan II |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
$ 325,000
|
|
|
|
|
308,200
|
|
323,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
|
5.44%
|
|
|
|
|
|
|
|
5.948%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Barings Term Loan II | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 308,172
|
|
323,039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
5.44%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset Backed Securitization II | Class F | Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,900
|
|
|
| Asset Backed Securitization II | Class A | Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,500
|
|
|
| Asset Backed Securitization II | Class B | Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,500
|
|
|
| Asset Backed Securitization II | Class C | Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000
|
|
|
| MetLife Note |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repayments of debt |
|
|
|
|
|
|
|
|
125,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MetLife Term Loan I |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
285,200
|
|
308,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MetLife Term Loan I | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 285,177
|
|
308,910
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
4.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MetLife Term Loan II |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
237,300
|
|
245,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MetLife Term Loan II | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 237,305
|
|
245,008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
4.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OSL Loan III |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commitment amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
15,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Borrowed Under Revolving credit Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,000
|
$ 5,000
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
9.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
9.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OSL Loan III | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 15,000
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
9.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OSL Loan IV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commitment amount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Borrowed Under Revolving credit Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
9.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
9.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OSL Loan IV | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 5,000
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
9.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NREF Revolver |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commitment amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 20,000
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 2,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
18,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Borrowed Under Revolving credit Agreement |
|
|
|
|
|
|
|
|
|
|
$ 8,000
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
| NREF Revolver | VineBrook Homes, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 18,000
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NexPoint Homes MetLife Note 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
234,100
|
|
236,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 240,000
|
| NexPoint Homes MetLife Note 1 | Collateralized by Non-stabilized Properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.47%
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.47%
|
| NexPoint Homes MetLife Note 1 | Collateralized by Stabilized Properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.72%
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.72%
|
| NexPoint Homes MetLife Note 1 | NexPoint Homes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 234,057
|
|
236,604
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
3.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NexPoint Homes MetLife Note 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
137,800
|
|
171,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
| NexPoint Homes MetLife Note 2 | Collateralized by Stabilized Properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.44%
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.44%
|
|
| NexPoint Homes MetLife Note 2 | NexPoint Homes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 137,807
|
|
171,122
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
5.44%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NexPoint Homes OSL Note [Member] | NexPoint Homes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan remaining amount |
|
|
|
|
|
|
$ 0
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
$ 0
|
|
$ 2,195
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 17,300
|
|
|
|
|
|
|
| Debt instrument, interest rate |
[1] |
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
| Debt instrument, interest rate, stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|