The publically traded company New Residential Investment Corp invests in and manages residential real estate. The company was founded in 2011 and is headquartered in the Greater New York area. There are 4 areas in which the company specializes in. These include opportunistic investments, residential mortgage loans, residential mortgage-backed securities, and excess mortgage servicing rights. In 2017, the company acquired the Shellpoint Partners on November 29. When deciding on investments, New Residential Investment Corp focuses on driving risk adjusted returns that are able to provide strong dividends to their shareholders.
When deciding on assets to invest in, they choose them on the basis that they will be able to generate cash flow that is long-lasting. In addition, they employ capital structures that are considered conservative in order to generate returns with different interest rates. The real estate market has become increasingly more complex in the last decades which has led to a lot of developments in the residential housing market in the United States that is valued at around $21 trillion. New Residential Investment Corp knows that there are various financial opportunities in the market and is doing everything that they can to keep ahead of the times.
After the financial crisis, there were some major changes when it can to real estate in the United States. One of the areas that saw the most changes was mortgages due to the many regulations that were placed on the mortgage industry. New Residential Investment Corp is a Newcastle Investment Corp wholly owned subsidiary and in 2013 created its own initial public offering. The company is advised and managed by a Fortress Investment Group affiliate. Fortress Investment Group is an alternative investment management group with a global and diverse portfolio. The collective experience in real estate investment that the team of the company has allowed them to make good investment decisions that the market notices.