|Newcastle Investment Corp. (Newcastle) is a real estate investment and finance company. Newcastle invests in, and actively manages, a portfolio of, real estate securities, loans, excess mortgage servicing rights (MSRs) and other real estate related assets. The Company segments include investments financed with non-recourse collateralized debt obligations; unlevered investments in deconsolidated Newcastle CDO debt, unlevered Excess MSRs, investments in senior living assets financed with non-recourse debt, investments financed with other non-recourse debt, investments and debt repurchases financed with recourse debt, investments and debt repurchases financed with recourse debt, other unlevered investments and corporate. In September 2013, Newcastle Investment Corp acquired Dow Jones Local Media Group (Local Media Group) from News Corp. In December 2013, it acquired 51 independent living senior housing properties from an affiliate of Holiday Retirement.