Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company invests in and manages a portfolio consisting of real estate securities; loans; excess mortgage servicing rights; and real estate related assets, such as senior living facilities, and other assets. Its portfolio of real estate securities includes commercial mortgage backed securities; senior unsecured debt issued by property real estate investment trusts; real estate related asset backed securities, such as subprime securities; and FNMA/FHLMC securities. The company also owns interest in loans and pools of loans consisting of real estate related loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans. In addition, it acquires and manages direct and indirect interests in operating real estate, including senior living assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Newcastle Investment Corp. was founded in 1998 and is based in New York, New York.

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