- Business
- Mortgage Oil Corp. (MGAG) invests in limited partnerships and limited liability companies owning multi-family residential apartment complexes and industrial real estate across the United States, including properties in Texas, Colorado, Arizona, New Mexico, Georgia, Nevada, California, and Washington; it also holds marketable equity securities and nominal land assets. Founded in 1948 and headquartered in Los Angeles, California, the company maintains interests in numerous Nevins/Adams limited partnerships such as Briar Forest in Houston, Briargate in Colorado Springs, and Courts at Preston Oaks in Dallas; Marcus/Adams LLCs including 100 Elevar LLC and 1475 Magnolia LLC in California; and others like Excelsior Partners' EXP 8998 Hyssop LLC in Rancho Cucamonga. In recent periods, Mortgage Oil Corp. reports ongoing investment activity, including a $916,000 investment in limited partnerships during the first nine months of 2025, distributions totaling $1.56 million from partnerships and LLCs, partnership income of $622,308, and an annual dividend yield of approximately 5.61% with the last dividend per share at $16.00.