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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Sep. 19, 10:57 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #46. Newcastle Investment Corp. Dow Jones Local Media Group

Acquirer: Newcastle Investment Corp. (NCT)
Acquiree: Dow Jones Local Media Group (NWSA)
Details: Newcastle Investment Corp. (NYSE:NCT)("Newcastle" or the "Company") announced today that it has acquired Dow Jones Local Media Group ("Local Media Group") from News Corp for $87 million. The Company made a total equity investment of $54 million, including transaction expenses, and financed the remainder of the purchase price with $33 million of debt.

Drive Shack is a real estate investment trust that invests in, and manages, a range of real estate related and other investments. Co. operates through the following segments: debt investments financed with collateralized debt obligations, other debt investments, and investment in golf properties and facilities. Co.'s investments include investments in commercial mortgage backed securities, senior unsecured debt issued by property REITs, real estate related asset backed securities and Federal National Mortgage Association /Federal Home Loan Mortgage Corporation securities. As of Dec. 31, 2015, Co.'s Golf business included 86 properties in the U.S. that Co. leased, owned or managed.

Preferreds: NCT.PRB, NCT.PRC, NCT.PRD



Open the NCT Page at The Online Investor »

Drive Shack is a real estate investment trust that invests in, and manages, a range of real estate related and other investments. Co. operates through the following segments: debt investments financed with collateralized debt obligations, other debt investments, and investment in golf properties and facilities. Co.'s investments include investments in commercial mortgage backed securities, senior unsecured debt issued by property REITs, real estate related asset backed securities and Federal National Mortgage Association /Federal Home Loan Mortgage Corporation securities. As of Dec. 31, 2015, Co.'s Golf business included 86 properties in the U.S. that Co. leased, owned or managed.

Preferreds: NCT.PRB, NCT.PRC, NCT.PRD



Open the NWSA Page at The Online Investor »

Company Name: 
Drive Shack Inc
Website: 
www.newcastleinv.com
Sector: 
REITs
Company Name: 
News Corp (New)
Website: 
www.newscorp.com
Sector: 
Publishing & Printing
Number of ETFs Holding NWSA: 
80
Total Market Value Held by ETFs: 
$1.02B
Total Market Capitalization: 
$5.88B
% of Market Cap. Held by ETFs: 
17.44%
 

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