American Residential/American Mortgage Network Expand Operations; Company Moves to New Corporate Headquarters in Sorrento Mesa.Business Editors DEL MAR Del Mar is the name of several places in the United States of America:
American Residential Investment Trust, Inc. (NYSE NYSE See: New York Stock Exchange : INV INV abbr. in vitro fertilization ) and its mortgage banking subsidiary, American Mortgage Network (AmNet), are moving to a new corporate headquarters in Sorrento Mesa. The Company has leased approximately 24,000 square feet of space at 10421 Wateridge Circle, Suite 250, San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. 92121. In commenting on the move, John M. Robbins, Jr., Chief Executive Officer of American Residential Investment Trust, said, "We are adding experienced mortgage banking professionals to expand branch operations and fill corporate positions for the new subsidiary. Our present location could not accommodate the needs of American Mortgage Network. We are already originating and funding loans through our Portland and Sacramento regional centers." American Mortgage Network originates mortgages through the wholesale channel and exclusively serves the mortgage broker community nationwide. Regional sales and underwriting centers are located in Roseville (Sacramento), California and Lake Oswego Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. (Portland), Oregon. Centers in New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , Connecticut and Atlanta, Georgia are scheduled to open by January 2002. Another eight regional centers are planned to open by the end of 2002. About American Residential Investment Trust American Residential Investment Trust, Inc. is a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) that has traditionally invested in non-conforming, residential mortgage assets. For more information on American Residential, please visit the Company's web site at www.amerreit.com. About American Mortgage Network American Mortgage Network (AmNet) is a taxable REIT subsidiary of American Residential Investment Trust, Inc. AmNet originates loans for the national mortgage broker community through its network of regional centers. Certain matters discussed in this press release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of federal securities laws. Forward-looking statements include statements regarding the Company's plans to open regional offices and projected personnel additions. Actual results and the timing of certain events could differ materially from those projected in or contemplated by these forward-looking statements due to a number of factors, including but not limited to: lack of Company experience in opening regional offices and generating mortgage loans; general economic conditions; the ability to attract and retain experienced mortgage banking personnel; the availability of financing for the origination of mortgage assets; and other risk factors outlined in American Residential Investment Trust's SEC reports. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion