This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EllIngton Housing Completes Fundraising

OLD GREENWICH, Conn., April 1, 2013 /PRNewswire/ -- Ellington Housing Inc. ("EHI"), a private REIT formed to invest in residential real estate assets, today announced that it has completed an initial and add-on round of fundraising. EHI raised approximately $140 million following closings in January and March 2013 from institutions and other qualified investors, including an approximately $24 million investment by management.

Ellington Housing Inc. invests in single- and multi-family residential real estate assets that it believes will benefit from a housing recovery. It invests in two primary strategies: buying, renovating and renting single-family houses, and acquiring and resolving sub-performing small-balance multi-family mortgages. Currently, it owns or has under contract approximately 550 houses.

EHI is an affiliate of Ellington Management Group LLC ("EMG"), a private investment management firm founded in 1994 as an investor in the mortgage-backed securities market. As of February 2013, EMG and its affiliates employed 123 professionals, managed several hedge funds and private accounts, and had aggregate net assets under management of approximately $5.3 billion. EHI utilizes the capabilities of EMG as well as its proprietary analytics relating to the US housing and mortgage markets in identifying and evaluating investment opportunities.

"We are excited about the housing recovery investment opportunity," said Leo Huang, Chief Executive Officer of EHI. "We see an attractive opportunity for Ellington Housing in single- and multi-family housing and believe our mortgage expertise will help us to target and time markets."

SOURCE Ellington Housing Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs