Transaction history

Two decades of deals

Non-performing loans, commercial buildings, homes and land, bought from banks, funds and private owners by companies managed by Joe Robert. Every asset from an outside seller, from a single home to a portfolio of nearly 700 loans.

In stated value
$186M
Sellers of every size
50+
  • Aerial view of a lakeside community with tennis courts and a pool
    Land
  • Blue two-story home raised on stilts
    Homes
  • A commercial property
    Commercial
  • Two green homes under construction on a sandy lot
    Building

What Joe buys

Real estate in every form: loans, homes, buildings and land

Donut chart of the 3,142 assets purchased, by type

3,142Assets purchased

Mortgage loans

  • First-lien mortgages403
  • Second-lien debt2,515

Property

  • Homes and condosSingle-family, condo and multi-family104
  • Commercial propertiesOffice, retail, mixed-use and hospitality48
  • Land parcelsBuildable, agricultural and commercial land72

98%

of the loans were non-performing when bought, then worked out one borrower at a time.

Digital Assets

Investing in Bitcoin and digital assets since 2017

Alongside real estate and loans, Joe has backed the technology behind digital assets and AI. Today the company holds Bitcoin on its balance sheet as a long-term reserve, kept with an institutional custodian.

Our digital asset strategy

How Joe built the business

Four chapters, one discipline

  1. 2001-2010

    Property by property

    16 assets

    Individual homes and commercial buildings, bought one at a time.

  2. 2011-2015

    Mortgage portfolios at scale

    2,752 assets

    After the financial crisis, portfolios of first and second-lien mortgages, bought from servicers and funds.

  3. 2016-2020

    Bank portfolios and Puerto Rico

    355 assets

    Real estate and loan portfolios bought from banks and funds.

  4. 2021-TODAY

    Outer Banks land

    19 assets

    Buildable lots and land on North Carolina's Outer Banks, plus select properties.

Largest purchase from each seller

The biggest deals, by stated value

Below, the largest purchase from each of the top ten sellers.

  1. #1

    $30.1M

    Altisource

    696 loans2014

  2. #2

    $27.5M

    US Mortgage Resolution

    395 loans2015

  3. #3

    $16.4M

    Bayview Asset Management

    211 loans2015

  1. #4

    Banco Popular de Puerto Rico

    51 properties2016

    $12.2M

  2. #5

    JH Capital Group

    118 loans2015

    $8.72M

  3. #6

    Guaranty Bank

    138 loans2017

    $6.94M

  4. #7

    Coast Capital

    115 loans2013

    $5.06M

  5. #8

    Scotiabank de Puerto Rico

    42 properties2019

    $4.94M

  6. #9

    Lone Star Funds

    22 properties2020

    $4.34M

  7. #10

    Summit Capital Partners

    47 loans2015

    $4.09M

Selling an asset?

Joe Robert’s companies have bought from banks, funds and private owners. Tell us about your property, land or loan portfolio, performing or not.

Sell us an asset