Great Ajax is a holding company. Through its operating partnership, Great Ajax Operating Partnership L.P., and its subsidiaries, Co. is a real estate investment trust company. Co.'s primary business is acquiring, investing in and managing a portfolio of mortgage loans. Co. primarily targets acquisitions of re-performing loans, including residential mortgage loans and small balance commercial loans. Additionally, Co. may invest in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio or through a direct acquisition. Co. may also target investments in non-performing loans.