Anworth Mortgage Asset Corp.
Santa Monica-based Anworth Mortgage Asset Corp. is a REIT investing in agency mortgage-backed securities -- and whose offices overlook a beach. The REIT invests in both adjustable- and fixed-rate agency mortgage-backed securities, investing equity capital and borrowed funds in U.S. agency mortgage-backed securities acquired in the secondary market.
Chief executive Lloyd McAdams founded investment advisers Pacific Income Advisers Inc. and is chairman of broker-dealer Syndicated Capital Inc. These Anworth affiliates share some top management with the REIT.