Presentation on theme: "March 2013 Marc Bell General Partner, Barbican Capital Co-Founder and Board Member, Armour Residential REIT Inc. Co-Founder and Board Member, Javelin Mortgage."— Presentation transcript:
March 2013 Marc Bell General Partner, Barbican Capital Co-Founder and Board Member, Armour Residential REIT Inc. Co-Founder and Board Member, Javelin Mortgage Investment Corp.
Overview of REITs 2 REITs (Real Estate Investment Trusts) are companies that either own or finance real estate Tax status allows smaller investors to participate in real estate Requirements 75% of total assets in real estate 75% of gross income from real property or interest from mortgages 90% of ordinary taxable income distributed annually as dividends No corporate tax
Asset Focus 3 Equity REIT Own and operate real estate properties Collect rent Mortgage REIT Finance real estate - issuing mortgages - buying mortgages - buying MBS Collect interest payments Hybrid REIT Engage in both kinds of activities
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