Altisource Residential Corporation: A REIT

For as long as Altisource Residential Corporation continues to distribute 90% of its income to its shareholders, the business continues to be listed as a REIT and exempt from federal taxation. The properties owned and managed by the company are focused on single-family rental properties.

The company’s subsidiary, Altisource Residential, L.P. continues to oversee a substantial portion of the company’s operations. It is engaged in the acquisition, owning and managing of the business’ assets that are mostly acquired from non-performing and sub-performing loan portfolios. The company is also quick to swoop on foreclosed properties that are meeting the qualifications set by the venture. Through their team of experienced management team, the company is able to create a constant flow of return on investment from their overseen properties.

Altisource Residential continues to check for long term value of the properties they manage and continues to redevelop these properties to further enhance its market value. It was in 2012 that the company started its venture and it now holds its headquarters in Frederiksted, Virgin Islands.