M&A Deal Summary

Annaly Acquires MTGE Investment

On May 2, 2018, Annaly acquired real estate company MTGE Investment for 900M USD

Acquisition Highlights
  • This is Annaly’s 2nd transaction in the Real Estate sector.
  • This is Annaly’s 2nd largest (disclosed) transaction.
  • This is Annaly’s 2nd transaction in the United States.
  • This is Annaly’s 1st transaction in Maryland.

M&A Deal Summary
Date 2018-05-02
Target MTGE Investment
Sector Real Estate
Buyer(s) Annaly
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

MTGE Investment

Bethesda, Maryland, United States
MTGE Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments. The company is externally managed and advised by MTGE Management, LLC, an affiliate of AGNC Investment Corp. MTGE Investment Corp. was formed in 2011 and is headquartered in Bethesda, Maryland.

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Buyer(S) 1

Buyer

Annaly

New York, New York, United States
Category Company
Founded 1996
Sector Real Estate
Employees187
Revenue 2.0B USD (2022)
DESCRIPTION

Annaly is a real estate investment trust (REIT). Annaly was founded in 1996 and is headquartered in New York, New York.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Hatteras Financial

Winston Salem, North Carolina, United States

Hatteras Financial Corp. is an own and manage a portfolio of residential mortgage investments, primarily in residential mortgage securities, with a focus on those secured by adjustable-rate mortgage loans on single-family residences.

Buy $1.5B
Mergr

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