AJX Profile
Great Ajax Corp. is a real estate investment company that focuses on acquiring, investing in, and managing a diverse portfolio of residential mortgage loans and small balance commercial mortgage loans. The company's investment strategy includes purchasing both performing and non-performing loans, as well as acquiring real estate owned (REO) properties through foreclosures or other settlements. This approach enables Great Ajax to capitalize on opportunities within the real estate market, enhancing its asset base and revenue streams.
In addition to its residential mortgage activities, Great Ajax Corp. actively engages in the acquisition and origination of small balance commercial loans (SBC). These loans are typically secured by multi-family residential properties and mixed-use retail/residential properties. The company also invests in single-family homes and smaller commercial properties, often acquiring them through foreclosure events or direct purchases. This diversified investment strategy allows Great Ajax to mitigate risk and achieve stable, long-term returns.
Great Ajax Corp. operates as a real estate investment trust (REIT) for U.S. federal income tax purposes. This designation requires the company to distribute at least 90% of its taxable income to shareholders, thereby minimizing its exposure to federal corporate income taxes. The REIT structure provides tax advantages and supports the company's commitment to returning value to its shareholders. By maintaining a robust dividend policy, Great Ajax aims to attract and retain investors seeking reliable income streams from real estate investments.
Founded in 2014 and headquartered in Tigard, Oregon, Great Ajax Corp. leverages its expertise in real estate finance and management to build a resilient and profitable portfolio. The company's strategic acquisitions and disciplined investment approach have positioned it as a key player in the residential and small balance commercial mortgage markets. As Great Ajax continues to expand its portfolio and optimize its asset management practices, it remains focused on delivering strong financial performance and growth for its investors.
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