
|
|
![]() | ![]() | ![]() | ![]() |


Anthracite Capital (AHR) |


Suggest other news sources for this topic

WIKI ANALYSISAnthracite Capital, Inc. is a real estate finance company that operates as a real estate investment trust. The company is externally managed by BlackRock Financial Management, a subsidiary of BlackRock, Inc., (NYSE: BLK). The primary objective of Anthracite Capital is to generate consistent earnings to support stable dividend income to investors, which is done primarily by earning a spread between the interest it brings in on various mortgages and the cost of its borrowings. The company does this by underwriting and acquiring higher yielding commercial mortgage-backed securities (CMBS). CMBS are backed by pools of secured mortgages, on various types of commercial real estate. These include office, industrial, retail, multi-family and other property types. Anthracite generally invests in relatively low-credit quality pools of CMBS and other debt instruments. Anthracite also engages in mezzanine and second lien lending, bridge and acquisition lending and participating debt and preferred equity. When investing in mezzanine debt and preferred equity, AHR typically co-invests with Carbon Capital Inc., a private real estate debt fund managed by BlackRock, Inc.
References


| |||||||