Internet REIT
 | |
| Type: | Privately held |
| Industry: | Internet |
| Founded: | 2004 |
| Founder(s): | Bob Martin & Mark Ostrofsky |
| Headquarters: | 1177 West Loop South, Suite 1300 Houston, Texas |
| Country: | USA |
| Employees: | 11-50 |
| Website: | Internet REIT |
| LinkedIn: | Internet REIT |
| Key People | |
| Bob Hurtte, Chief Executive Officer Craig Snyder, President and Director | |
Internet REIT is a next-generation media company that owns, manages and sells premier domain names. It's specialties include reseller management, client relations, sales reporting, quality assurance testing, customer management, salesforce.com administration, data Analysis, and marketing Fulfillment.Internet REIT's main office is located in Houston Texas.
Background
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 also acquired the portal and major portions of the domain portfolio of Knoxville-based Netster.com and Howard Schultz.Howard Schultz.received $20 million investment from Maveron LLC, a Seattle venture capital firm chaired by chaired by Howard Schultz; Perot Investments Inc.,a Dallas investment company owned by Ross Perot and Breco Holdings Inc., owned by Alfredo Brener.[3]
Ownership of Mispelled Domain Names
Internet REIT owns 30 misspelled names of Google and its product names [4] as well as typo-error Verizon domain names.
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]