Company Description

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.