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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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June 27th, 2011

Spotlight on REITs: Manufactured Home Communities INC

(Money Manager) - Manufactured Home Communities INC: This real estate investment trust is primarily based on mobile home parks; it is actually one of the most successful REITs at the time that it was in business. Manufactured Home Communities INC owned over 69 mobile home communities in 19 states in 1996 making them the largest mobile home REIT in the USA there communities have over 27,356 units leased out to tenants and sold to other real estate companies, Manufactured Home Communities INC was the very largest REIT in the business.

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