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Archive for November, 2011

November 28th, 2011

Spotlight on REITs: Impac Commercial

(Money Manager) - Impac Commercial: This real estate investing company lends money for commercial and residential mortgages. This company will finance non conforming mortgages for residential homes and businesses, with the higher interest rates charged it can be quite profitable. Impac Commercial sold $150.7 million dollars worth of their commercial mortgage loans in 1998 in order to create liquid assets for the company and its shareholders, though this sale the company was able to bring their total liquid cash to $22.3 million dollars US.

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November 21st, 2011

Spotlight on REITs: Imperial Mortgage Holdings INC

(Money Manager) - Imperial Mortgage Holdings INC: This past Real Estate Investment Trust Company gave out loans and mortgages to commercial properties and residential homes, as well as buying mortgages from other brokers and companies. In the companies last years of public trading it saw a drastic drop in profits and shareholders alike, in fact in 1998 its shares plummeted down 21% and then in 1999 the company sold $250 million dollars worth or collateral loans to pay off an existing line of credit, allowing the company to continue on for a while longer.

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November 14th, 2011

Spotlight on REITs: INMC Mortgage Holdings

(Money Manager) - INMC Mortgage Holdings: This real estate investment trust company invested mostly in residential and commercial mortgages. Up until 1993 INMC Mortgage Holdings was mostly a passive company owned by Countrywide Credit Industries, but that year it broke away and started to aggressively purchase investments and properties, giving out billions of dollars worth of risky and potentially dangerous residential mortgages, that if done right would yield a very high interest rate that would set the company’s net worth soaring.

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November 7th, 2011

Spotlight on REITs: Innkeepers USA Trust

(Money Manager) - Innkeepers USA Trust: this REIT is a hotel based investor, it owned big names such as the Marriott and Hyatt, this company is based in Palm Beach Florida. Innkeepers USA Trust is a company that invests only in high end hotels and long stay apartment buildings they were once one of the largest hotel REITs in the business. This REIT owned about 75 hotels in dozens of states these hotels were both and owned and managed by the company, the total rooms that were owned by Innkeepers USA Trust as of 2004 was approx. 10,000 these rooms and hotels are spread out amongst 19 different states in which the company has investments.

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