Great Ajax Corp is a real estate company that is managed by external sources. The company focuses on obtaining, investing in, and controlling various mortgage loans such as residential mortgage loans and small commercial mortgage loans. Its main goal is to acquire re-performing loans (RPLs). Great Ajax operates in one segment and also owns real estate properties acquired through foreclosure or the settlement of non-performing loans.
Fortress is a leading global alternative asset manager with approximately $41.5 billion in assets under management as of December 31, 2017.
Fortress manages funds on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies. We pay our external manager an annual management fee based on a percentage of their total assets as of the last day of each month.
They believe that the combination of experienced real estate professionals and Fortress’ strong relationships with originators, servicers, and investors in the mortgage finance industry will enable them to acquire attractive investment opportunities for their stockholders. The external management agreement is also designed to align our interests with those of their stockholders, as they pay an annual base fee based on a percentage of assets plus incentive fees for meeting certain performance.
Great Ajax Corp is a public company that is traded on the New York Stock Exchange under the symbol AJX. The Company was incorporated in Maryland on January 30, 2014, and it is subject to the provisions of the Maryland REIT Law. They focus on generating long-term returns for their stockholders through dividends and capital appreciation by creating tailored approaches to each asset acquired. They also believe that their external manager’s experience combined with the strong relationships in the mortgage finance industry will enable them to acquire attractive investment opportunities.