EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 1. | Fortress Asset Trust | Delaware | ||
| 2. | IMPAC CMB Trust 1998-C1 | Delaware | ||
| 3. | IMPAC Commercial Assets Corporation | California | ||
| 4. | IMPAC Commercial Capital Corporation | California | ||
| 5. | IMPAC Commercial Holdings, Inc. | Maryland | ||
| 6. | Karl S.A. | Belgium | ||
| 7. | LIV Holdings LLC | Delaware | ||
| 8. | NCT Holdings LLC | Delaware | ||
| 9. | Newcastle 2005-1 Asset Backed Note LLC | Delaware | ||
| 10. | Newcastle 2006-1 Asset Backed Note LLC | Delaware | ||
| 11. | Newcastle 2006-1 Depositor LLC | Delaware | ||
| 12. | Newcastle CDO IV Corp. (process of dissolution) | Delaware | ||
| 13. | Newcastle CDO IV Holdings LLC (process of dissolution) | Delaware | ||
| 14. | Newcastle CDO IV Ltd. | Cayman Islands | ||
| 15. | Newcastle CDO V Corp. | Delaware | ||
| 16. | Newcastle CDO V Holdings LLC | Delaware | ||
| 17. | Newcastle CDO V, Ltd. | Cayman Islands | ||
| 18. | Newcastle CDO VI Corp. | Delaware | ||
| 19. | Newcastle CDO VI Holdings LLC | Delaware | ||
| 20. | Newcastle CDO VI, Ltd. | Cayman Islands | ||
| 21. | Newcastle CDO VIII 1, Limited | Cayman Islands | ||
| 22. | Newcastle CDO VIII 2, Limited | Cayman Islands | ||
| 23. | Newcastle CDO VIII Holdings LLC | Delaware | ||
| 24. | Newcastle CDO X Holdings LLC (process of dissolution) | Delaware | ||
| 25. | Newcastle VIII LLC | Delaware | ||
| 26. | Newcastle CDO IX 1, Limited | Cayman Islands | ||
| 27. | Newcastle CDO IX 2, Limited | Cayman Islands | ||
| 28. | Newcastle CDO IX Holdings LLC | Delaware | ||
| 29. | Newcastle CDO IX LLC | Delaware | ||
| 30. | Newcastle MH I LLC | Delaware | ||
| 31. | Newcastle Mortgage Securities LLC | Delaware | ||
| 32. | Newcastle Mortgage Securities Trust 2004-1 | Delaware | ||
| 33. | Newcastle Mortgage Securities 2006-1 | Delaware | ||
| 34. | Newcastle Mortgage Securities 2007-1 | Delaware | ||
| 35. | Newcastle Trust 1 | Delaware | ||
| 36. | NIC Airport Corporate Center LLC | Delaware | ||
| 37. | NIC Apple Valley I LLC | Delaware | ||
| 38. | NIC Apple Valley II LLC | Delaware | ||
| 39. | NIC Apple Valley III LLC | Delaware | ||
| 40. | NIC CRA LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 41. | NIC Dayton Town Center LLC | Delaware | ||
| 42. | NIC DB LLC | Delaware | ||
| 43. | NIC DP LLC | Delaware | ||
| 44. | NIC OTC LLC | Delaware | ||
| 45. | NIC TP LLC | Delaware | ||
| 46. | NIC TRS Holdings, Inc. | Delaware | ||
| 47. | NIC TRS LLC | Delaware | ||
| 48. | NIC WL II LLC | Delaware | ||
| 49. | NIC WL LLC | Delaware | ||
| 50. | Steinhage B.V. | Netherlands | ||
| 51. | NIC SF LLC | Delaware | ||
| 52. | NIC Management LLC | Delaware | ||
| 53. | NIC SN LLC | Delaware | ||
| 54. | Xanadu Asset Holdings LLC | Delaware | ||
| 55. | SP I Term Facility LLC | Delaware | ||
| 56. | Dayton Asset Holding LLC | Delaware | ||
| 57. | NCT Holdings II LLC | Delaware | ||
| 58. | Newcastle Investment Trust 2010-MH1 | Delaware | ||
| 59. | Newcastle Investment Trust 2011-MH1 | Delaware | ||
| 60. | SSL Term Loan LLC | Delaware | ||
| 61. | Newcastle Senior Living Holdings LLC | Delaware | ||
| 62. | TRS LLC | Delaware | ||
| 63. | Propco LLC | Delaware | ||
| 64. | BF Leasing LLC | Delaware | ||
| 65. | BF Owner LLC | Delaware | ||
| 66. | B Leasing LLC | Delaware | ||
| 67. | B Owner LLC | Delaware | ||
| 68. | B California Leasing LLC | Delaware | ||
| 69. | B Oregon Leasing LLC | Delaware | ||
| 70. | B Arizona Leasing LLC | Delaware | ||
| 71. | B Utah Leasing LLC | Delaware | ||
| 72. | B Idaho Leasing LLC | Delaware | ||
| 73. | Orchard Park Leasing LLC | Delaware | ||
| 74. | Sun Oaks Leasing LLC | Delaware | ||
| 75. | Sunshine Villa Leasing LLC | Delaware | ||
| 76. | Regent Court Leasing LLC | Delaware | ||
| 77. | Sheldon Park Leasing LLC | Delaware | ||
| 78. | Desert Flower Leasing LLC | Delaware | ||
| 79. | Canyon Creek Leasing LLC | Delaware | ||
| 80. | Willow Park Leasing LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 81. | B California Owner LLC | Delaware | ||
| 82. | B Oregon Owner LLC | Delaware | ||
| 83. | B Arizona Owner LLC | Delaware | ||
| 84. | B Utah Owner LLC | Delaware | ||
| 85. | B Idaho Owner LLC | Delaware | ||
| 86. | Orchard Park Owner LLC | Delaware | ||
| 87. | Sun Oak Owner LLC | Delaware | ||
| 88. | Sunshine Villa Owner LLC | Delaware | ||
| 89. | Regent Court Owner LLC | Delaware | ||
| 90. | Sheldon Park Owner LLC | Delaware | ||
| 91. | Desert Flower Owner LLC | Delaware | ||
| 92. | Canyon Creek Owner LLC | Delaware | ||
| 93. | Willow Park Owner LLC | Delaware | ||
| 94. | RLG Leasing LLC | Delaware | ||
| 95. | RLG Owner LLC | Delaware | ||
| 96. | RLG Utah Leasing LLC | Delaware | ||
| 97. | RLG Utah Owner LLC | Delaware | ||
| 98. | Heritage Place Leasing LLC | Delaware | ||
| 99. | Golden Living Taylorsville Leasing LLC | Delaware | ||
| 100. | Chateau Brickyard Operations LLC | Delaware | ||
| 101. | Heritage Place Owner LLC | Delaware | ||
| 102. | Golden Living Taylorsville Owner LLC | Delaware | ||
| 103. | Chateau Brickyard Owner LLC | Delaware | ||
| 104. | Propco 2 LLC | Delaware | ||
| 105. | NIC Courtyards Owner LLC | Delaware | ||
| 106. | NIC GH I LLC | Delaware | ||
| 107. | NIC GH II LLC | Delaware | ||
| 108. | NIC GH III LLC | Delaware | ||
| 109. | NIC GH IV LLC | Delaware | ||
| 110. | NIC GH V LLC | Delaware | ||
| 111. | NIC GH VI LLC | Delaware | ||
| 112. | NIC GH VII LLC | Delaware | ||
| 113. | NIC GH VIII LLC | Delaware | ||
| 114. | NIC GH IX LLC | Delaware | ||
| 115. | NIC GH X LLC | Delaware | ||
| 116. | NIC GH XI LLC | Delaware | ||
| 117. | Propco 3 LLC | Delaware | ||
| 118. | NIC Courtyards Leasing LLC | Delaware | ||
| 119. | NIC Courtyards LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 120. | NIC GH Equity LLC | Delaware | ||
| 121. | NIC GH XII LLC | Delaware | ||
| 122. | NIC Acquisitions LLC | Delaware | ||
| 123. | NIC GH XIII LLC | Delaware | ||
| 124. | NIC 4/5 Leasing LLC | Delaware | ||
| 125. | NIC 5 Florida Leasing LLC | Delaware | ||
| 126. | NIC 5 Springs Heaven Leasing LLC | Delaware | ||
| 127. | NIC 5 Renaissance Retirement Leasing LLC | Delaware | ||
| 128. | NIC 5 Forrest Oaks Leasing LLC | Delaware | ||
| 129. | NIC 4 Florida Leasing LLC | Delaware | ||
| 130. | NIC 4 The Grande Leasing LLC | Delaware | ||
| 131. | NIC 4 Village Place leasing LLC | Delaware | ||
| 132. | NIC 4 Bradenton Oaks Leasing LLC | Delaware | ||
| 133. | NIC 4 Spring Oaks Leasing LLC | Delaware | ||
| 134. | NIC 4 Summerfield Leasing LLC | Delaware | ||
| 135. | NIC 4 Emerald Park Retirement Leasing LLC | Delaware | ||
| 136. | NIC 4 Bayside Terrace Leasing LLC | Delaware | ||
| 137. | NIC 4 Balmoral Leasing LLC | Delaware | ||
| 138. | NIC 4 Sunset Lake Leasing LLC | Delaware | ||
| 139. | NIC 4 North Carolina Leasing LLC | Delaware | ||
| 140. | NIC 4 Courtyards of New Bern Owner LLC | Delaware | ||
| 141. | NIC 5 Owner LLC | Delaware | ||
| 142. | NIC 5 Florida Owner LLC | Delaware | ||
| 143. | NIC 5 Spring Heaven Owner LLC | Delaware | ||
| 144. | NIC 5 Renaissance Retirement Owner LLC | Delaware | ||
| 145. | NIC 5 Forest Oaks Owner LLC | Delaware | ||
| 146. | NIC 5 Lake Morton Plaza Owner LLC | Delaware | ||
| 147. | NIC 7 Glen Riddle Owner LLC | Delaware | ||
| 148. | NIC 7 Pennsylvania Owner LLC | Delaware | ||
| 149. | NIC 7 Owner LLC | Delaware | ||
| 150. | Propco 7 LLC | Delaware | ||
| 151. | NIC 8 Schenley Gardens Owner LLC | Delaware | ||
| 152. | NIC 8 Pennsylvania Owner LLC | Delaware | ||
| 153. | NIC 8 Owner LLC | Delaware | ||
| 154. | Propco 8 LLC | Delaware | ||
| 155. | NIC GH XIV LLC | Delaware | ||
| 156. | NIC GH XV LLC | Delaware | ||
| 157. | NIC GH XVI LLC | Delaware | ||
| 158. | NIC GH XVII LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 159. | NIC GH XVIII LLC | Delaware | ||
| 160. | NIC GH XIX LLC | Delaware | ||
| 161. | NIC GH XXI LLC | Delaware | ||
| 162. | NIC GH XXII LLC | Delaware | ||
| 163. | NIC 6 Manor at Woodside Owner LLC | Delaware | ||
| 164. | NIC 6 Owner LLC | Delaware | ||
| 165. | Propco 6 LLC | Delaware | ||
| 166. | NIC 6 Manor at Woodside Management LLC | Delaware | ||
| 167. | NIC 6 New York Management LLC | Delaware | ||
| 168. | NIC 6 Management LLC | Delaware | ||
| 169. | NIC 6 New York Owner LLC | Delaware | ||
| 170. | NIC 7 Glen Riddle Leasing LLC | Delaware | ||
| 171. | NIC 7 Pennsylvania Leasing LLC | Delaware | ||
| 172. | NIC 7 Leasing LLC | Delaware | ||
| 173. | NIC GH XXIII LLC | Delaware | ||
| 174. | NIC GH XXIV LLC | Delaware | ||
| 175. | CDO VIII Repack Limited | Delaware | ||
| 176. | NIC 5 Lake Morton Plaza Leasing LLC | Delaware | ||
| 177. | NIC 4 Emerald Park Retirement Owner LLC | Delaware | ||
| 178. | Propco 5 LLC | Delaware | ||
| 179. | NIC 8 Leasing LLC | Delaware | ||
| 180. | NIC 8 Pennsylvania Leasing LLC | Delaware | ||
| 181. | NIC 8 Schenley Gardens Leasing LLC | Delaware | ||
| 182. | NIC Texas Courtyards Leasing LLC | Delaware | ||
| 183. | NIC 4 Royal Palm Leasing LLC | Delaware | ||
| 184. | NIC 4 Royal Palm Owner LLC | Delaware | ||
| 185. | NIC GH XX LLC | Delaware | ||
| 186. | NCT 2013 – VI Funding Ltd. | Cayman Islands | ||
| 187. | American Golf Leasing LLC | Delaware | ||
| 188. | Propco 9 LLC | Delaware | ||
| 189. | NIC 9 Virginia Owner LLC | Delaware | ||
| 190. | NIC 9 Heritage Oaks Owner LLC | Delaware | ||
| 191. | NIC 9 Virginia Management LLC | Delaware | ||
| 192. | NIC 9 Heritage Oaks Management LLC | Delaware | ||
| 193. | NCT 2013-VI Funding Investors LLC | Delaware | ||
| 194. | Castle Sports & Entertainment Group, Inc. | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 195. | American Golf Group Holdings LLC | Delaware | ||
| 196. | Propco 10 LLC | Delaware | ||
| 197. | NIC 10 Florida Leasing LLC | Delaware | ||
| 198. | NIC 10 Florida Owner LLC | Delaware | ||
| 199. | NIC 10 Barkley Place Leasing LLC | Delaware | ||
| 200. | NIC 10 Barkley Place Owner LLC | Delaware | ||
| 201. | Propco 12 LLC | Delaware | ||
| 202. | NIC 12 Owner LLC | Delaware | ||
| 203. | NIC 12 Arlington Plaza Owner LLC | Delaware | ||
| 204. | NIC 12 Blair House Owner LLC | Delaware | ||
| 205. | NIC 12 Blue Water House Owner LLC | Delaware | ||
| 206. | NIC 12 Chateau Ridgeland Owner LLC | Delaware | ||
| 207. | NIC 12 Cherry Laurel Owner LLC | Delaware | ||
| 208. | NIC 12 Colonial Harbor Owner LLC | Delaware | ||
| 209. | NIC 12 Country Squire Owner LLC | Delaware | ||
| 210. | NIC 12 Courtyard At Lakewood Owner LLC | Delaware | ||
| 211. | NIC 12 Desoto Beach Club Owner LLC | Delaware | ||
| 212. | NIC 12 El Dorado Owner LLC | Delaware | ||
| 213. | NIC 12 Essex House Owner LLC | Delaware | ||
| 214. | NIC 12 Fleming Point Owner LLC | Delaware | ||
| 215. | NIC 12 Grasslands Estates Owner LLC | Delaware | ||
| 216. | NIC 12 Grizzly Peak Owner LLC | Delaware | ||
| 217. | NIC 13 Hidden Lakes Owner LLC | Delaware | ||
| 218. | NIC 12 Jackson Oaks Owner LLC | Delaware | ||
| 219. | NIC 12 Maples Downs Owner LLC | Delaware | ||
| 220. | NIC 12 Parkwood Estates Owner LLC | Delaware | ||
| 221. | NIC 12 Pioneer Valley Lodge Owner LLC | Delaware | ||
| 222. | NIC 12 Regency Residence Owner LLC | Delaware | ||
| 223. | NIC 12 Simi Hills Owner LLC | Delaware | ||
| 224. | NIC 12 Stoneybrook Lodge Owner LLC | Delaware | ||
| 225. | NIC 12 Summerfield Owner LLC | Delaware | ||
| 226. | NIC 12 Venture Place Owner LLC | Delaware | ||
| 227. | Propco 13 LLC | Delaware | ||
| 228. | NIC 13 Owner LLC | Delaware | ||
| 229. | NIC 13 The Bentley Owner LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 230. | NIC 13 Briarcrest Estates Owner LLC | Delaware | ||
| 231. | NIC 13 Dogwood Estates Owner LLC | Delaware | ||
| 232. | NIC 13 Durhman Regent Owner LLC | Delaware | ||
| 233. | NIC 13 Fountains At Hidden Lakes Owner LLC | Delaware | ||
| 234. | NIC 13 Illahee Hills Owner LLC | Delaware | ||
| 235. | NIC 13 Jordan Oaks Owner LLC | Delaware | ||
| 236. | NIC 13 Lodge at Cold Spring Owner LLC | Delaware | ||
| 237. | NIC 13 Madison Estates Owner LLC | Delaware | ||
| 238. | NIC 13 Manor at Oakridge Owner LLC | Delaware | ||
| 239. | NIC 13 Oakwood Hills Owner LLC | Delaware | ||
| 240. | NIC 13 Orchid Terrace Owner LLC | Delaware | ||
| 241. | NIC 13 Palmer Hills Owner LLC | Delaware | ||
| 242. | NIC 13 Pinewood Hills Owner LLC | Delaware | ||
| 243. | NIC 13 Pueblo Regent Owner LLC | Delaware | ||
| 244. | NIC 13 The Regent Owner LLC | Delaware | ||
| 245. | NIC 13 Rock Creek Owner LLC | Delaware | ||
| 246. | NIC 13 Sheldon Oaks Owner LLC | Delaware | ||
| 247. | NIC 13 Sky Peaks Owner LLC | Delaware | ||
| 248. | NIC 13 Thornton Place Owner LLC | Delaware | ||
| 249. | NIC 13 Uffelman Estates Owner LLC | Delaware | ||
| 250. | NIC 13 Village Gate Owner LLC | Delaware | ||
| 251. | NIC 13 Vista De La Montana Owner LLC | Delaware | ||
| 252. | NIC 13 Walnut Woods Owner LLC | Delaware | ||
| 253. | NIC 13 The Westmont Owner LLC | Delaware | ||
| 254. | NIC 13 Whiterock Court Owner LLC | Delaware | ||
| 255. | Castle Sports & Entertainment Partners LLC | Delaware | ||
| 256. | Tower A LLC | Delaware | ||
| 257. | Tower A1 Holdings LLC | Delaware | ||
| 258. | Tower A2 Holdings LLC | Delaware | ||
| 259. | Tower B Holdings LLC | Delaware | ||
| 260. | Tower C Holdings LLC | Delaware | ||
| 261. | Tower B LLC | Delaware | ||
| 262. | Tower C LLC | Delaware | ||
| 263. | Vineyards Holdings LLC | Delaware | ||
| 264. | American Golf Partners LLC | Delaware | ||
| 265. | NGP Mezzanine, LLC | Delaware | ||
| 266. | NGP Realty Sub GP, LLC | Delaware | ||
| 267. | NGP Realty Sub, L.P. | Delaware | ||
| 268. | AGC Mezzanine Pledge LLC | Delaware | ||
| 269. | New AGC LLC | Delaware | ||
Continued on next page.
EXHIBIT 21.1
NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
| Subsidiary | Jurisdiction of Incorporation/Organization | |||
| 270. | American Golf Corporation | Delaware | ||
| 271. | Propco 4 LLC | Delaware | ||
| 272. | NIC 4 Owner LLC | Delaware | ||
| 273. | NIC 4 Florida Owner LLC | Delaware | ||
| 274. | NIC 4 North Carolina Owner LLC | Delaware | ||
| 275. | NIC 4 The Plaza Leasing LLC | Delaware | ||
| 276. | NIC 4 Courtyards of New Bern Leasing LLC | Delaware | ||
| 277. | NIC 4 The Grande Owner LLC | Delaware | ||
| 278. | NIC 4 Village Place Owner LLC | Delaware | ||
| 279. | NIC 4 Bradenton Oaks Owner LLC | Delaware | ||
| 280. | NIC 4 Spring Oaks Owner LLC | Delaware | ||
| 281. | NIC 4 Summerfield Owner LLC | Delaware | ||
| 282. | NIC 4 Emerald Park Retirement Owner LLC | Delaware | ||
| 283. | NIC 4 Bayside Terrace Owner LLC | Delaware | ||
| 284. | NIC 4 Balmoral Owner LLC | Delaware | ||
| 285. | NIC 4 The Plaza Owner LLC | Delaware | ||
| 286. | NIC 4 Sunset Lake Owner LLC | Delaware | ||
| 287. | NIC 4 Royal Palm Owner LLC | Delaware | ||
| 288. | NIC 12 Greeley Place Owner LLC | Delaware | ||
| 289. | American Golf of Atlanta | Georgia | ||
| 290. | CW Golf Partners LP | California | ||
| 291. | Golf Enterprises Inc. | Kansas | ||
| 292. | Persimmon Golf Club LLC | Delaware | ||