EXHIBIT 21.1

DRIVE SHACK INC. SUBSIDIARIES


 
Subsidiary
 
Jurisdiction of Incorporation/Organization
1

IMPAC Commercial Assets Corporation
 
California
2

IMPAC Commercial Capital Corporation
 
California
3

IMPAC Commercial Holdings, Inc.
 
Maryland
4

NCT Holdings LLC
 
Delaware
5

Newcastle CDO V Corp.
 
Delaware
6

Newcastle CDO V Holdings LLC
 
Delaware
7

Newcastle CDO VI Corp.
 
Delaware
8

Newcastle CDO VI Holdings LLC
 
Delaware
9

Newcastle CDO VIII 1, Limited
 
Cayman Islands
10

Newcastle CDO VIII 2, Limited
 
Cayman Islands
11

Newcastle CDO VIII Holdings LLC
 
Delaware
12

Newcastle CDO VIII LLC
 
Delaware
13

Newcastle CDO IX 1, Limited
 
Cayman Islands
14

Newcastle CDO IX Holdings LLC
 
Delaware
15

Newcastle CDO IX LLC
 
Delaware
16

Newcastle Mortgage Securities LLC
 
Delaware
17

Newcastle Mortgage Securities Trust 2006-1
 
Delaware
18

Newcastle Mortgage Securities Trust 2007-1
 
Delaware
19

NIC CRA LLC
 
Delaware
20

NIC OTC LLC
 
Delaware
21

NIC SF LLC
 
Delaware
22

NIC Management LLC
 
Delaware
23

NIC SN LLC
 
Delaware
24

Xanadu Asset Holdings LLC
 
Delaware
25

NCT 2013 – VI Funding Ltd.
 
Cayman Islands
26

NCT 2013-VI Funding Investors LLC
 
Delaware
27

American Golf Group Holdings LLC
 
Delaware
28

Tower A LLC
 
Delaware
29

Tower C LLC
 
Delaware
30

Vineyards Holdings LLC
 
Delaware
31

American Golf Partners LLC
 
Delaware
32

NGP Realty Sub GP, LLC
 
Delaware
33

NGP Realty Sub, L.P.
 
Delaware
34

 AGC Mezzanine Pledge LLC
 
Delaware
35

New AGC LLC
 
Delaware
36

American Golf Corporation
 
California
37

American Golf of Atlanta
 
Georgia
38

CW Golf Partners LP
 
California
39

Golf Enterprises Inc.
 
Kansas
40

Persimmon Golf Club LLC
 
Delaware
41

Newcastle 2014-MH1 Property Owner LLC
 
Delaware





 
Subsidiary
 
Jurisdiction of Incorporation/Organization
42

Drive Shack Holdings LLC
 
Delaware
43

NIC Taberna LLC
 
Delaware
44

AG Los Coyotes LLC
 
California
45

AGC Field Operations LLC
 
Delaware
46

AGC Realty LLC
 
Delaware
47

Drive Shack Orlando LLC
 
Delaware
48

Drive Shack Richmond LLC
 
Delaware
49

American Golf of Glendale Inc.
 
California
50

Drive Shack Raleigh LLC
 
Delaware
51

Drive Shack Palm Beach LLC
 
Delaware
52

Drive Shack Phoenix LLC
 
Delaware