iREIT Completes 34 Domain Name Portfolio Acquisitions in Q2
By Derek Iwasiuk
Internet REIT (iREIT), a leading supplier of high-value Internet traffic to advertisers, has completed 34 portfolio acquisitions, accounting for more than $11.5 million in new domain acquisitions, including such premium domains as CreditReports.com, FarmLoans.com, EBuy.com, Tablets.com and CreditTips.com. These premium properties are among the more than 40,000 new domains purchased by iREIT over the past quarter.
iREIT is building the next generation of Internet media properties, and premium domains are a key component of the company's strategy; domains that have been minimally developed, such as Tablets.com or CreditReports.com, are of particular strategic value. iREIT has built a solid technology and marketing infrastructure that enables the company to rapidly launch "new and improved" online media properties, turning underdeveloped Web real estate into content-driven, top destinations that attract and retain visitors and generate substantial revenue.
"iREIT continues to enjoy success in domain acquisitions because of our reputation for fair prices and fast, professional transactions," said Bob Martin, chief executive officer of iREIT. "Our ability to quickly turn our acquisitions into high-value destinations will further fuel our growth and allow us to expand our market presence as a network of high-value media properties."
"The leading direct navigation companies are improving the consumer experience, increasing website functionality, and driving repeat visitation," said Jordan Rohan, RBC Capital Markets. "iREIT is one of a handful of leaders in the space, and is making significant investments in its premium media properties to drive long-term value. iREIT uses a careful, scientific approach to gauge and optimize consumer web navigation trends."
About Internet REIT
Internet REIT (iREIT) is a leading supplier of high-value Internet traffic to advertisers and receives more than 50 million visitors per month through its portal, content sites and more than 400,000 domain names. iREIT is working with top domain name portfolio owners to build the world's largest, most profitable and highest-quality portfolio of Internet domain names, with traffic on par with the world's leading media properties. iREIT's portfolio of high-quality domains includes premier properties such as the Netster.com portal, Bands.com, CreditReports.com, Shows.com, AfricanAmericans.com, NativeAmericans.com, VietnamWar.com, OfficeSupply.com, and many others. iREIT is a privately held company based in Houston, Texas. For more information about iREIT, please visit http://www.ireit.com/.
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