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Posts Tagged ‘Southern California’

January 16th, 2012

Spotlight on REITs: Essex Property Trust INC

(Money Manager) - Essex Property Trust INC: This Company buys properties and develops them, redevelops them and manages them. This real estate trust company was founded in 1971 in California, where it still has most of its real estate holdings. The founder of Essex Property Trust was George M Marcus, who had 35 years of real estate experience before he founded Essex Property Trust INC in 1971, he no longer works with the company.

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January 2nd, 2012

Spotlight on REITs: Franklin Select Realty Trust

(Money Manager) - Franklin Select Realty Trust: This Real Estate Investment Trust company had a very diversified portfolio, investing in commercial, industrial and residential properties, The company Franklin Select Realty Trust was known as Franklin Select Real Estate Income Fund until it changed its name years later when it entered the REIT market. This company was founded in 1987 in Southern California, and it soon grew to be a multimillion dollar company.

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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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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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October 31st, 2011

Spotlight on REITs: Irvine Apartment Communities

(Money Manager) - Irvine Apartment Communities: This Company is one of California’s largest real estate investment trust companies. Irvine Apartment Communities is owned by The Irvine Company. Who owns and operates 115 apartment communities, 41 retail centers, 475 office buildings, and 5 yacht clubs. They also own resorts and luxury communities all over the state of California.

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October 10th, 2011

Spotlight on REITs: Macerich Company

(Money Manager) - Macerich Company: This Company is involved in the buying and leasing of retail malls and shopping centers, Founded in 1964 by Mace Siegel who is still a chairman on the board. And although the company was founded in Iowa it has been headquartered in California for the past 30 years of business, the company’s current CEO is Arthur M Coppola, who watches the market carefully for growth cycles.

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