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Real Estate & Property Law

: Housing Wire

New REIT Targets Residential Mortgages

By DIANA GOLOBAY

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Newly-organized real estate investment trust (REIT) Two Harbors Investment Corp. today unveiled plans to acquire public investment vehicle Capitol Acquisition Corp. (CLA: 9.73 0.00%). The new REIT will focus on residential mortgage-backed securities (RMBS) and will operate under the management of PRCM Advisers, a subsidiary of Pine River Capital Management. The transaction’s completion is expected by [...]

Full post as published by Housing Wire on June 11, 2009 (boomark / email).

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