Vestin Realty Mortgage II, Inc.
VRTB
Other OTC3,105.00
USD
+505.00
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Vestin Realty Mortgage II, Inc.
VRTB
(Other OTC)
Recent
price
3,105.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Vestin Realty Mortgage II, Inc. (VRTB) operates as a real estate investment trust that primarily invests in loans secured by real estate through deeds of trust or mortgages across the United States. The company conducts its activities through three principal segments: Investments in Real Estate Loans, Investments in Real Property, and Investment in a Real Estate Management Company; its real estate loan portfolio encompasses commercial, construction, acquisition and development, land, and residential loan products. It also invests in, acquires, manages, or sells real property and acquires entities engaged in the ownership or management of real property, targeting real estate developers, owners, and operators primarily in the U.S. market. Founded in 2001 and headquartered in Las Vegas, Nevada, the company was formerly known as Vestin Fund II, LLC. In a significant strategic development, Vestin Realty Mortgage II completed a merger with Brighton Holdings, LLC on September 26, 2023, through which Brighton merged with and into the company, resulting in Vestin being taken private; this all-cash transaction valued at approximately $5.03 million provided shareholders with $4,020 per share, reflecting a 209% premium to the unaffected stock price. No major acquisitions, funding rounds, new product launches, or operational expansions have been reported since the 2023 privatization.