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ARMOUR Residential REIT, Inc. Message Board

  • b0n312 May 13, 2013 3:29 PM Flag

    Vero Beach, Fl

    Im curious as to how the area is? anyone ever been there? is it a large financial center? depressing suburban sprawl? What attracts these MREIT co to set up shop there? BMI, JMI, ARR located there. do they have large ops? or small backroom shops... i dont know why, but i picture shady dealings and schemes going on over there.

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    • Actually ARR JMI are two companies under one management. Do you know what your investing in? The other two companies in Vero that are MREITs are also under one management. They are BMNM and ORC. Both are in quite nice places. ARR/JMI is in a brand new office over looking the ocean. BMNM/ORC is a few blocks back. Zimmer of ARR started 3 of the 4. BMNM was his 1st in 04; ARR/JMI came along later after being fired at BMNM in 07/08. ORC is a new public company(Feb 13) brought out by the CEO & CFO of BMNM. Both were employees under Zimmer during his reign at BMNM. STop being a lazy bastad and do research you #$%$ clown.

    • I am not pleased with the performance of ARR, but I have no concerns whatever regarding Vero Beach--based on the personal experience of my family living there.

      Sentiment: Hold

    • Vero Beach is divided , rich on the island,ocean side , such as Johns Island , Moorings , etc. ,On the other side of the bridge is the old town , mostly aveerage or below middle income .


    • nickspinner May 13, 2013 3:31 PM Flag

      "Shady" is an excellent word for it.

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