Two Press Releases in a row:

Major Acquisitions Establish Internet REIT as a New Force in Online Advertising

Internet REIT (iREIT) [...] today announced its acquisition of the Netster.com web portal and major portions of the Netster domain name portfolio. Netster is the latest in a series of strategic acquisitions for iREIT, which has acquired over 50 portfolios of Internet traffic in the past fifteen months, including such high-value domains as Bands.com, OfficeSupply.com and AfricanAmericans.com. The addition of the Netster portfolio gives iREIT more than 400,000 domain properties under management and brings the company’s total portfolio of traffic up to 50 million visitors per month.

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Direct navigation comprises more than six percent of the US and UK search advertising markets and could exceed $1.2 billion in ad revenue by 2007, according to Susquehanna Financial and RBC Capital Markets.

Top Investors, Industry Talent Rally Behind Internet REIT

Internet REIT (iREIT)[...] today announced that it has raised a new round of equity and debt financing led by Maveron LLC, the venture firm co-founded by Dan Levitan and Starbucks Chairman Howard Schultz. The round of funding also includes significant investments by existing investor Jacobson Family Investments (JFI), as well as Perot Investments, the investment firm founded by H. Ross Perot. With this round of funding, Dan Levitan, Managing Partner, Maveron LLC and Steve Blasnik, President, Perot Investments join the Board of Directors.