Description

Great Ajax Corp. functions as a real estate enterprise, primarily engaged in acquiring, investing in, and managing a diverse collection of residential and small commercial mortgage loans. The company also holds real estate properties, which it obtains either through the foreclosure or resolution of its non-performing loans, or via outright purchases. In addition, Great Ajax Corp. actively sources and originates small balance commercial (SBC) loans, specifically those collateralized by multi-family residential and mixed-use retail/residential commercial properties. The firm also allocates capital to single-family and smaller commercial properties, securing these assets either through a loan foreclosure event or direct acquisition. For federal income tax purposes in the U.S., Great Ajax Corp. has chosen to be structured as a real estate investment trust (REIT). This designation typically exempts the company from federal corporate income taxes, provided it distributes a minimum of 90% of its taxable profits to its shareholders. The company was founded in 2014 and is headquartered in Tigard, Oregon.