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 VIII 1, Limited
 
Cayman Islands
6

Newcastle CDO VIII 2, Limited
 
Cayman Islands
7

Newcastle CDO VIII Holdings LLC
 
Delaware
8

Newcastle CDO VIII LLC
 
Delaware
9

Newcastle CDO IX 1, Limited
 
Cayman Islands
10

Newcastle CDO IX Holdings LLC
 
Delaware
11

Newcastle CDO IX LLC
 
Delaware
12

Newcastle Mortgage Securities Trust 2006-1
 
Delaware
13

Newcastle Mortgage Securities Trust 2007-1
 
Delaware
14

NIC CRA LLC
 
Delaware
15

NIC OTC LLC
 
Delaware
16

NIC SF LLC
 
Delaware
17

NIC Management LLC
 
Delaware
18

Xanadu Asset Holdings LLC
 
Delaware
19

NCT 2013-VI Funding Investors LLC
 
Delaware
20

American Golf Group Holdings LLC
 
Delaware
21

Tower A LLC
 
Delaware
22

Tower C LLC
 
Delaware
23

Vineyards Holdings LLC
 
Delaware
24

American Golf Partners LLC
 
Delaware
25

NGP Realty Sub GP, LLC
 
Delaware
26

NGP Realty Sub, L.P.
 
Delaware
27

 AGC Mezzanine Pledge LLC
 
Delaware
28

New AGC LLC
 
Delaware
29

American Golf Corporation
 
California
30

American Golf of Atlanta
 
Georgia
31

CW Golf Partners LP
 
California
32

Golf Enterprises Inc.
 
Kansas
33

Persimmon Golf Club LLC
 
Delaware
34

Drive Shack Holdings LLC
 
Delaware
35

NIC Taberna LLC
 
Delaware
36

AG Los Coyotes LLC
 
California
37

AGC Field Operations LLC
 
Delaware
38

AGC Realty LLC
 
Delaware
39

Myeshan Inc.
 
Ohio
40

AGC Management LLC
 
Delaware
41

Drive Shack Orlando LLC
 
Delaware





 
Subsidiary
 
Jurisdiction of Incorporation/Organization
42

Drive Shack Richmond LLC
 
Delaware
43

American Golf of Glendale Inc.
 
California
44

Drive Shack Raleigh LLC
 
Delaware
45

Drive Shack Palm Beach LLC
 
Delaware
46

Drive Shack Phoenix LLC
 
Delaware
47

Drive Shack Randall's Island LLC
 
Delaware
48

Drive Shack Marietta LLC
 
Delaware
49

Drive Shack New Orleans LLC
 
Delaware