Great Ajax Corp: A Mortgage Real Estate Investment Trust with a Unique Business Model Great Ajax Corp. (NYSE: AJX) is a mortgage real estate investment trust (mREIT) that operates with a unique business model. The Tigard, Oregon-based company acquires re-performing and non-performing loans, as well as acquires and originates small balance commercial mortgage loans secured by multi-family residential and commercial mixed-use retail/residential properties. In addition, it invests in single-family and smaller commercial properties. Great Ajax Corp. is classified as a real estate investment trust for U.S. federal income tax purposes, and if it distributes at least 90% of its taxable income to its stockholders, it generally would not be subject to federal corporate income taxes. Incorporated in 2014, Great Ajax Corp. serves as a reliable investment option for those interested in the unique opportunities offered by a mortgage REIT.