We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
JER Investors Trust Inc New (CE) | USOTC:JERT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0003 | 0.00 | 01:00:00 |
JER Investors Trust Inc. (“JERIT”) (Pink Sheets: JERT.PK) today summarized for its shareholders the following recent developments:
About C-III
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. The company’s principal place of business is located in Irving, TX, and it has additional offices in New York, South Carolina, Tennessee, Illinois and Virginia.
C-III Asset Management LLC, a wholly-owned subsidiary of C-III Capital Partners LLC, is a highly rated servicer (primary and special) of commercial real estate loans. Its clients include issuers of CMBS and CDOs, institutional lenders and other investors. C-III Asset Management LLC is rated “CPS 2-” by Fitch and “Above Average” by Standard & Poor’s as a primary servicer, and is one of the highest rated special servicers in the industry with ratings of “CSS 1-” by Fitch and “Strong” by Standard & Poor’s. For more information, visit www.c3cp.com.
About JERIT
JER Investors Trust Inc. is a specialty finance company that was organized primarily to originate and acquire real estate debt securities and loans and fee interests in net leased real estate assets. JERIT is externally managed and therefore depends on its manager (now C-III JERIT Manager LLC) to manage its portfolio of commercial real estate structured finance investments and other real estate related investments. JERIT’s investment portfolio includes commercial real estate structured finance products such as CMBS, mezzanine loans and participations in whole mortgage loans. JERIT is organized and conducts its operations in a manner intended to allow it to qualify as a real estate investment trust (REIT) for federal income tax purposes.
Since at least the second half of 2007, JERIT has experienced significant operating difficulties and liquidity issues. The transactions described above between C-III and JER did not involve any change in the capitalization of JERIT or result in any improvement in JERIT’s financial condition or liquidity position.
As previously reported, JERIT’s shares no longer are registered under the Securities Exchange Act of 1934, and as a result JERIT no longer is subject to the periodic reporting or other obligations under that Act.
1 Year JER Investors (CE) Chart |
1 Month JER Investors (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions