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Internet REIT

Organization
Type Commercial
Focus Internet
Region NA
Country
  • United States of America
City 1177 West Loop South, Suite 1300

Houston, Texas

Founded 2004
Founders Bob Martin & Marc Ostrofsky
Websites

Internet REIT (iREIT) is a next-generation media company that owns, manages and sells premier domain names. It specializes in Direct Navigation Marketing.

Bob Hurtte is the CEO of Internet REIT, and its main office is located in Houston, Texas.

Foundation and Funding[edit | edit source]

Bob Martin and Marc Ostrofsky co-founded Internet REIT in 2004 to acquire prime internet domain names and and web properties for sale to advertisers.[1] The company received its initial outside financing from Jacobson Family Investments Inc. in 2005[2]

In 2006, Internet REIT received $20 million investment from Maveron LLC, a Seattle venture capital firm chaired by Howard Schultz; Perot Investments Inc., a Dallas investment company owned by Ross Perot; and Breco Holdings Inc., a company owned by Alfredo Brener.[3]

Business Offerings and Portfolio[edit | edit source]

iREIT offers reseller management, client relations, sales reporting, quality assurance testing, customer management, salesforce.com administration, data analysis, and marketing fulfillment to its clients.

The company owns hundreds of thousand of high-quality domain names such as Netster.com, CreditReports.com, FarmLoans.com, EBuy.com, Tablets.com CreditTips.com, and many other domains.

Ownership of Mis-spelled Domain Names[edit | edit source]

iREIT owns 30 misspelled names of Google and its product names [4] as well as typo-error Verizon domain names.

Early in 2007, Verizon Wireless filed a cybersquatting law suit against Internet REIT alleging that the company has profited from its more than 90 domain names with typographical errors of Verizon Wireless trademarks; in addition, Verizon asked for $ 100,000 statutory damages per domain name.[5]

The legal battle between Verizon and iREIT was amicably resolved on December, 2007. FoxBusiness.com reported that part of the settlement between the parties included monetary payment to Verizon and a permanent injunction issued to iREIT prohibiting the company from registering, trafficking in or using as a registrant any domain name that is identical or confusingly similar to the Verizon trademarks. Other details were confidential.[6]

Partnership[edit | edit source]

In 2007, iREIT developed a strategic partnership with DNforum.com, the largest professional internet domain discussion forum with more than 30,000 registered members. The company will provide an increased functionality and features to DNforum's members which would help iREIT build relationship with domainers.[7]

ICANN and Internet REIT[edit | edit source]

iREIT is a participant of the ICANN Domain Rountable Conference.

References[edit | edit source]

... more about "Internet REIT"
Date foundedStores the date that an object was founded, normalized to the "Month DD, YYYY" format.
2004 +
Has ICANN regionAssociates an object with an ICANN-determined Geographic Region.
Has cityStores the city associated with an object. This value does not get normalized.
1177 West Loop South, Suite 1300
Houston, Texas +
Has countryAssociates a page with a country. Territory names are extracted from ISO 3166, "Country Codes".
Has entity typeSpecifies the primary classification or fundamental type of the page's subject (e.g., Event, Organization, Person).
Organization +
Has focusAssociates an object with a focus theme. Not normalized.
Internet +
Has organization typeAssociates an organization with its organizational or legal type (e.g., Non-profit, Government agency, Commercial).