EXHIBIT 21.1

DRIVE SHACK INC. SUBSIDIARIES


 
Subsidiary
 
Jurisdiction of Incorporation/Organization
1

NCT Holdings LLC
 
Delaware
2

Newcastle CDO VIII 1, Limited
 
Cayman Islands
3

Newcastle CDO VIII 2, Limited
 
Cayman Islands
4

Newcastle CDO VIII Holdings LLC
 
Delaware
5

Newcastle CDO VIII LLC
 
Delaware
6

Newcastle CDO IX 1, Limited
 
Cayman Islands
7

Newcastle CDO IX Holdings LLC
 
Delaware
8

Newcastle CDO IX LLC
 
Delaware
9

Newcastle Mortgage Securities Trust 2006-1
 
Delaware
10

Newcastle Mortgage Securities Trust 2007-1
 
Delaware
11

NIC CRA LLC
 
Delaware
12

NIC OTC LLC
 
Delaware
13

NIC SF LLC
 
Delaware
14

NIC Management LLC
 
Delaware
15

Xanadu Asset Holdings LLC
 
Delaware
16

American Golf Group Holdings LLC
 
Delaware
17

Tower A LLC
 
Delaware
18

Tower C LLC
 
Delaware
19

Vineyards Holdings LLC
 
Delaware
20

American Golf Partners LLC
 
Delaware
21

NGP Realty Sub GP, LLC
 
Delaware
22

NGP Realty Sub, L.P.
 
Delaware
23

 AGC Mezzanine Pledge LLC
 
Delaware
24

New AGC LLC
 
Delaware
25

American Golf Corporation
 
California
26

American Golf of Atlanta
 
Georgia
27

CW Golf Partners LP
 
California
28

Golf Enterprises Inc.
 
Kansas
29

Persimmon Golf Club LLC
 
Delaware
30

Drive Shack Holdings LLC
 
Delaware
31

NIC Taberna LLC
 
Delaware
32

AG Los Coyotes LLC
 
California
33

AGC Field Operations LLC
 
Delaware
34

AGC Realty LLC
 
Delaware
35

Myeshan Inc.
 
Ohio
36

AGC Management LLC
 
Delaware
37

Drive Shack Orlando LLC
 
Delaware
38

Drive Shack Richmond LLC
 
Delaware
39

American Golf of Glendale Inc.
 
California
40

Drive Shack Raleigh LLC
 
Delaware
41

Drive Shack Palm Beach LLC
 
Delaware





 
Subsidiary
 
Jurisdiction of Incorporation/Organization
42

Drive Shack Randall's Island LLC
 
Delaware
43

Drive Shack New Orleans LLC
 
Delaware
44

Drive Shack Chicago LLC
 
Delaware
45

Drive Shack Newport Beach LLC
 
Delaware
46

Drive Shack Detroit LLC
 
Delaware
47

Drive Shack Business Services LLC
 
Delaware
48

Drive Shack Urban Box Holdings LLC
 
Delaware
49

Things Change Fast LLC
 
Delaware