Newcastle Investment Corp. (NYSE:NCT) is an REIT. It invests primarily in senior housing assets, real estate and other debt, and in other opportunistic investments such as its Golf portfolio. It tries to make attractive risk-adjusted returns that will help it deliver strong dividends to shareholders. The company is externally managed by an affiliate of Fortress Investment Group LLC -- a diverse global investment manager with $62.5B in assets under management as of March 31, 2014.
NCT has made investors a lot of money by doing spin-offs of parts of its business via IPO's. The graphic below shows NCT's total return to shareholders via this method since December 13, 2011.
The two recent spin-offs have been New Residential Investment...
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