First Oxford Corporation’s business objective is to maximize the total return to stockholders through growth in Funds from Operations per Share and increases in dividends. We seek to continue to grow our Operations per Share and to further increase dividends through various activities and events. These actions can take the form of the structuring of additional purchase/leaseback transactions or the acquisition of additional net leased properties with contractual rent increases. First Oxford’s strategy generally incorporates holding its net leased properties for long-term investment. However, we may choose to dispose of a property if such a disposition is deemed to be in the best interest of the involved parties. Accordingly, we may either reinvest the proceeds of such dispositions or distribute the proceeds to stockholders.
First Oxford’s Corporate Finance strategy has several different forms. Our capital markets services include arranging debt and equity financing for transactions of all sizes and industry type and structuring investment products. Capital markets are a broad category of markets facilitating the buying and selling of financial instruments, particularly debt and equity. First Oxford has historically proven the ability to operate with equal efficiency on either the debt side or the equity side of a transaction. After five decades of business we are equally comfortable with either side.
Other initiatives include real estate sale-leaseback transactions with high quality credit lessees, real estate acquisition and development. First Oxford will explore the option of assuming the role of an equity partner in a joint venture, and will also pursue selected merger and acquisition activities. Once we structure joint venture agreements, First Oxford may offer investors partnership interests via private placements.
First Oxford Corporation has been in the mortgage banking business since 1976. As mortgage brokers, we work with several hundred insurance companies, pension funds, commercial banks and savings institutions in the placement of real estate construction loans, as well as permanent mortgages.