Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.

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Great Ajax Corp > Post Raven Acquisition World

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Comment by Newinvestor123on Jun 23, 2021 12:08pm

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Post# 33434596

RE:Post Raven Acquisition World

It all comes back to basic principles of economics and supply & demand. I could see a bidding war establish for AJX (limited supply) with multiple suitors as mentioned in the previous post. In the hot housing market house are selling over asking with competing bids. I would not be surprised to see AJX to be sold at a premium based on these favourable conditions.

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