About Us

Crexus Investment Corp. acquires, manages and finances commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities (CMBS) and other commercial real estate-related assets. We have elected to be taxed as a REIT, and therefore pay out at least 90% of our earnings to our shareholders in order to avoid taxation at the corporate level. Our stock trades on the New York Stock Exchange under the ticker CXS. Crexus is externally managed by Fixed Income Discount Advisory Company (FIDAC), a wholly-owned subsidiary of Annaly Capital Management, Inc.

Strategy

Crexus is a REIT focused in the commercial space, with an objective of providing attractive risk-adjusted returns to our investors over the long-term primarily through dividends and secondarily through capital appreciation. We intend to achieve this objective by constructing a diversified investment portfolio of commercial real estate-related assets such as commercial mortgage loans and other commercial real estate debt, CMBS, and other commercial real estate-related assets. We acquire what we consider to be high quality fixed - and floating - rate first mortgage loans secured by commercial properties. We may also acquire subordinated commercial mortgage and mezzanine loans, CMBS rated AAA through BBB as well as CMBS that are below investment grade or non-rated. The other commercial real estate related securities and other commercial real estate asset classes consist of debt and equity tranches of commercial real estate collateralized debt obligations, or CRE CDOs, loans to real estate companies including real estate investment trusts (REITs) and real estate operating companies (REOCs), commercial real estate securities and commercial properties. We may also invest in Agency mortgage-backed securities.

We may use non-recourse leverage to finance our acquisitions of commercial real estate loans and CMBS, including non-recourse financing under the Term Asset Backed Securities Loan Facility, other non-recourse financing sources, or via utilizing leverage through securitizations of commercial real estate loans. We expect to use recourse leverage to finance the acquisition of Agency RMBS.

In addition, we have entered into, and anticipate continuing to enter into, Mortgage Origination and Servicing Agreements (MOSAs) with third parties to originate, underwrite, conduct due diligence, close, and service commercial real estate loans. FIDAC oversees the diligence, credit evaluation, underwriting and financial reporting of our loan acquisitions.

Crexus’ senior management team each have over 20 years experience in commercial real estate finance with extensive experience in evaluating commercial real estate risk. They have proven track records in all aspects of commercial real estate debt including origination, closing and servicing to create customized solutions for borrowers while also fulfilling Crexus’ mission to its shareholders by generating appropriate risk-adjusted returns.

We believe our strategy, combined with FIDAC’s experience, will enable us to pay dividends and achieve capital appreciation throughout changing interest rate and credit cycles and provide attractive risk-adjusted long-term returns to investors.