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Responsible Investments

We finance housing across the country and support the vitality of local communities and the economy through our investments.

Our Investments

We supply capital to two fundamental sectors of the American economy: housing and business. Through our four investment strategies, we finance housing across the country, support the vitality of local communities and strengthen the long-term growth of the economy.

Support for American Housing

Housing is a bedrock of economic health for individuals, communities and the macroeconomy.

快速解套Annaly invests in residential housing in Agency mortgage backed securities, non-Agency residential credit and multifamily commercial real estate. We have been helping to finance the housing sector since our inception in 1996.

Nearly $125bn

of residential housing investments

Nearly 900K

American homes financed(1)

50

states

Lower Loan Balance Mortgages

Over 200,000 loans totaling over $16 billion to borrowers with lower loan balance mortgages, typically financing homes that are less than half the national house price average(2)

Self-Employed Borrowers

Over 900 loans totaling over $500 million to self-employed, creditworthy borrowers, including small business owners that have challenges accessing mortgage credit from commercial banks due to non-traditional income(3)

Credit Risk Transfers (“CRT”)

Over 5.0 million additional homes supported through Annaly’s investments in CRT securities, which are instruments that allow the private sector to take credit risk from Fannie Mae and Freddie Mac(4)

快速解套 Real Estate Investment Trust (“REIT”)

Our business supports U.S. real estate by virtue of our election to be taxed as a REIT. With requirements focused on real estate investment, REITs sit at a critical nexus between real estate ownership and financial markets. REITs are required to return 90% of taxable income to shareholders, directly connecting investors to real estate investments. The REIT industry provides a dedicated and durable equity capital base to support real estate and housing.

Support for American Businesses(5)

In addition to supporting housing, our investments strengthen the American economy through our support of middle market businesses and commercial real estate.

Our multi-billion dollars of investments through our commercial portfolio, which includes investments in middle market businesses and real estate, help drive economic growth precisely in the places where Americans live and work.

Our investments support jobs across multiple sectors in the U.S. economy from small towns in the South to cities in the Midwest and coastal municipalities.

The Annaly Middle Market Lending and Commercial Real Estate Groups assess all risks associated with a specific transaction, including a consideration of ESG risks. For example, the Middle Market Lending Group seeks to avoid certain industries in their decision process.

Health care is an important pillar of the U.S. economy, representing a significant portion of GDP and employing more than 20 million workers(6). Improved health care outcomes lead to greater life satisfaction and underpin economic security while also promoting economic growth through a more productive workforce.

Our health care investments help support access to medical services and equipment across the sector and streamline the management of health care-related information.

We have made $741 million in investments in the health care sector.(5)

Climate change represents one of the most complex and critical challenges of our time and will require comprehensive private and public sector solutions.

We invest in sustainable buildings and middle market businesses that have adopted innovative, environmentally friendly practices.

We have invested nearly $540 million in environmentally friendly buildings and businesses, including commercial real estate loans or equity investments in buildings with U.S. Green Building Council’s LEED certification or that have been designated as energy efficient by Energy Star.(5)

Further, approximately 20% of our investments in GSE-guaranteed CMBS are "Green Rewards," which consists of loans whereby the property owner must commit to property improvements that are projected to reduce the whole property's annual energy and/or water usage by at least 30%.(7)

Technological advancement and innovation are key drivers of the economy of the future.

Through our investments in middle market businesses, we support a number of data and technology companies that provide advanced technological solutions to businesses and societal challenges, such as smart transportation, data security and payment processing.

We have made $551 million in investments in companies whose primary focus is the security management or efficient transfer of data.(5)

Support for Economic Opportunity Across Communities

The vitality of local communities drives a strong U.S. economy.

Annaly contributes to local economic and community development through joint ventures and direct portfolio investments.

We have made nearly $285 million(5) in investments that support the comprehensive needs of communities, including affordable housing, education, health care and retail grocery in food deserts.(8)

Annaly Portfolio Investments

We have made $257 million(5) in direct investments that support affordable housing, education and retail grocery in low-income and low-access areas. These under-invested segments of the economy are critical building blocks of household vitality, economic mobility and community development.

Social Impact Joint Venture

Annaly is investing in rural and urban communities across the country through a joint venture partnership with Capital Impact Partners (“Capital Impact”), a national community development financial institution. Annaly's investment supports affordable housing, community development centers, eldercare residences, grocery stores and healthy food production facilities, charter schools and mixed use developments to stimulate local economies.(9)

Over
1.2 million

Square feet in community development projects across the U.S. employing 1,600 individuals

Over
9K

Students receiving charter school education, with 80% qualifying for free and reduced-price lunches

Over
65K

快速解套Patients receiving care from community health centers and eldercare residences with over 4,000 elders and over 47,000 below the poverty line served

Over
48K

快速解套People in low-income areas with access to healthy foods through retail grocery and food production facilities

Additionally, the joint venture is closely aligned with Annaly’s focus on housing finance given Capital Impact’s work in preserving affordable housing. A portion of the fund focuses on affordable housing and community development in Washington, D.C. supporting Capital Impact’s management of the D.C. Affordable Housing Preservation Fund in partnership with D.C.’s Department of Housing and Community Development.(10) Our nation’s capital has among the highest rates of income inequality of any U.S. city and one of the highest poverty rates when measured against other U.S. states.(11)

Over
450

快速解套Affordable housing units financed in Washington, D.C.

Over
1,000

Low-income residents served

 

快速解套Financial data as of December 31, 2019.

快速解套1. Represents the estimated number of homes financed by Annaly’s holdings of Agency MBS, residential whole loans and securities, as well as multi-family commercial real estate loans, securities and equity investments. The number includes all homes related to securities and loans wholly-owned by Annaly and a pro-rata share of homes in securities or equity investments that are partially owned by Annaly.

2. Represents all of the loans included in low loan balance (<$85,000) and medium loan balance ($85,000-$110,000) Agency MBS pools wholly-owned by Annaly and a pro-rata share of loans in low loan balance and medium loan balance Agency MBS pools partially-owned by Annaly. Based on FHFA’s September 30, 2019 seasonally adjusted House Price Index, which is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

快速解套3. Represents residential whole loans owned by Annaly.

快速解套4. CRTs include the loans in the CRT reference pool for CRT securities partially-owned by Annaly. In rare cases, some individual borrowers may be counted multiple times if they are present in Annaly’s holdings of multiple asset types.

5. All figures quoted in this section represent the cumulative commitment value at investment date of Annaly’s commercial investments, including current and prior investments.

6. Bureau of Labor Services - Employee Statistics Survey. www.bls.gov/ces/.

快速解套7. Fannie Mae - Multifamily Specialty Finance. http://multifamily.fanniemae.com/financing-options/specialty-financing/green-rewards 

快速解套8. The United States Department of Agriculture defines a food desert as a “low-access community,” where at least 500 people and/or at least 33 percent of the census tract's population must reside more than one mile from a supermarket or large grocery store (for rural census tracts, the distance is more than 10 miles).

9. All figures quoted in this section represent the cumulative impact of Annaly's investments, including current and prior investments, with Capital Impact Partners.

快速解套10. The Affordable Housing Preservation fund activities are being funded in partnership with the District of Columbia Department of Housing and Community Development.

11. Brookings Institution and Census Bureau.