Great Ajax Corp. Announces Sale of Common Stock in Gaea Real Estate Corp.
Great Ajax Corp. (AJX)
Last great ajax corp. earnings: 3/3 04:05 pm
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great-ajax.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust (“Great Ajax”), today announces the sale of shares of common stock in its subsidiary, Gaea Real Estate Corp, (“Gaea”). Gaea invests in small balance commercial, multi-family and mixed use real estate, mezzanine lending and triple net lease property opportunities. Gaea is expected to raise approximately $66.3 million from third party investors to continue to advance its investment strategy. Piper Jaffray & Co. served as Gaea’s sole placement agent in the offering. Great Ajax is expected to retain an approximately 23.2% ownership interest in Gaea with third party investors expected to own the remaining approximately 76.8%. Gaea currently holds 14 multi-family rental properties with net carrying value of $39.0 million, four single-tenant triple net lease properties with net carrying value of $3.0 million and seven mezzanine loans with an unpaid principal balance of $
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AJX
Earnings
- 5/3/24 - Miss
AJX
Analyst Actions
- 9/10/24 - BTIG Research
AJX
Sec Filings
- 11/14/24 - Form EFFECT
- 11/13/24 - Form SC
- 11/8/24 - Form SC
- AJX's page on the SEC website