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 > Ag Leader litigation

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Comment by dt_coreon Jul 08, 2021 2:45pm

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RE:RE:Ag Leader litigation

Ag Leader did file a motion to dismiss on that basis but a settlement in principle was announced shortly thereafter so I'm still assuming that's the direction we're heading unless no news is forthcoming outlining the settlement terms. I believe the basis of the dismisal on July 9th would only be filed in the event the settlment failed to materialize rather than on the basis of venue since no ruling was ever determined on that basis.

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