- Business
- Adamas Trust, Inc. (Nasdaq: ADAM) operates as an internally managed real estate investment trust focused on acquiring, investing in, financing, and managing mortgage-related single-family and multi-family residential assets in the United States; its core portfolio encompasses agency residential mortgage-backed securities (RMBS), non-agency RMBS, business purpose loans including rental and bridge loans, structured multi-family property investments such as preferred equity and mezzanine loans, commercial mortgage-backed securities (CMBS), residential whole loans, and single-family rental properties, targeting credit-sensitive assets to generate stable distributions through net interest spreads and capital gains. Founded in 2003 and headquartered at 90 Park Avenue, 23rd Floor, in New York, New York, the company serves residential real estate investors and operates exclusively within U.S. markets, qualifying as a REIT exempt from federal corporate income taxes provided it distributes at least 90% of taxable income to stockholders. In recent developments, Adamas Trust completed a corporate rebrand from New York Mortgage Trust, Inc. in September 2025, aligning its Nasdaq ticker with ADAM; it acquired the remaining 50% ownership interest in Constructive Loans, LLC, a leading business purpose loan origination platform, in July 2025 to bolster mortgage banking income and operational capabilities; the company deployed approximately $2.3 billion in residential investments during Q3 2025, including $1.8 billion in agency RMBS and over $525 million in residential loans, expanding its total portfolio above $10 billion while exiting remaining joint venture equity investments and redeeming mezzanine loan positions.