The real estate industry has become a dirty word over the past nine months or so. However, real estate investment trusts (REITs) are standing their ground despite the mortgage market's liquidity fears, with new companies looking to enter the space, notably on the agency MBS side.

This month, Point Asset Management Co., managed by Federated Investment Counseling, and North Sound Mortgage Investments Corp, managed by BNP Paribas, both filed registration statements with the Securities and Exchange Commission for IPOs worth $250 million and $350 million in common stock, respectively. Deutsche Bank Securities, Credit Suisse and Morgan Stanley are the underwriters on North Sound's IPO.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.