Capital Crossing Preferred Corporation operates as a real estate investment trust (REIT) in Massachusetts. It engages in the acquisition and holding of real estate mortgage assets acquired from Capital Crossing. As a REIT, the company would not be subject to federal income taxes to the extent that it distributes atleast 90% of its taxable income to its shareholders. The company, formerly Atlantic Preferred Capital Corporation, was founded in 1987 and is based in Boston, Massachusetts. Capital Crossing Preferred Corporation is a subsidiary of Capital Crossing Bank.