Tag Archives: NRZ

Newcastle Investment Announces Plan To Spin Off Media Assets To Shareholders

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Newcastle Investment Corp(NCT), which in May spun off a residential REIT, the creatively named New Residential Investment Corp(NRZ), has announced plans to spin off its media business to shareholders.  Newcastle is a bit of a strange beast. It is structured as a REIT and controlled by Fortress Investment Group (FIG). The transaction itself is strange as well. Newcastle… Read More »

Newcastle Completes Spin of New Residential Investment Corp

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Newcastle Investment Corp (NCT) recently completed the spinoff of New Residential Investment Corp (NRZ) on May 15th. The spinoff, first announced in January, created two separate REITs, with NRZ focused on the residential side and NCT playing in the commercial space. More specifically, NCT invests in two areas: Real Estate & Other Debt and Senior Housing (literally housing… Read More »