Summary
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
History
Founded in 2003, Great Ajax Corporation is a real-estate investment trust (REIT) specializing in the acquisition, management, and origination of residential mortgage assets. The firm combines its history of operational expertise with a strong commitment to underlying assets to maximize returns on investments. Great Ajax is currently traded on the New York Stock Exchange under the symbol AJX.
Mission
Our mission at Great Ajax is to acquire, invest in, and manage a diversified portfolio of mortgage-related assets to achieve superior risk-adjusted returns for our shareholders.
Vision
Our vision for the future of Great Ajax is to create a well-balanced mix of high-quality mortgage assets that produce superior risk-adjusted returns. We will continue to innovate and master the mortgage asset management sector while providing our shareholders with unparalleled value.
Key Team
Recognition and Awards
Great Ajax has received great recognition and awards in the past. In 2016, Great Ajax received the Real Estate Investment Trust of the Year award from the National Association of Real Estate Investment Trusts . Additionally, Great Ajax was recognized in 2018 by Global Finance magazine with the Best Real Estate Investment Trust accolade.
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