Petra Real Estate Opportunity Trust · New York, NY United States
Company Description
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This link will open in a new window At a time when most investors are bailing on the US mortgage market, Petra Real Estate Opportunity Trust sees a golden opportunity. The real estate investment trust (REIT) formed in late 2007 by the owners of Petra Capital Management, a hedge fund. Petra Real Estate Opportunity Trust plans to invest in commercial mortgage loans and other real estate-related assets that generate risk-adjusted returns, such as first mortgage loans, commercial mortgage-backed securities (CMBS), secured and mezzanine loans, Class B Notes, and land and real estate synthetic securities. It foresees investments ranging from $20 million to $70 million, with maturities ranging from three to seven years. Petra filed an IPO in June 2008.
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Key Petra Real Estate Opportunity Trust Financials
| Company Type | Privatesymbol undetermined |
| Fiscal Year-End | December |
Petra Real Estate Opportunity Trust Executives
7 executives listed for Petra Real Estate Opportunity Trust's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Andrew Stone | |
| EVP, Co-COO, Secretary, and Chief Compliance Officer | Kenneth Kornblau | |
| EVP, Co-COO, and Treasurer | Lawrence Shelley |
Competition
Competitive Landscape for Petra Real Estate Opportunity Trust
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Petra Real Estate Opportunity Trust Competitors
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