- CEO
- Michael Nierenberg
- Full Time Employees
- 6,045
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 799 Broadway New York City NY United States of America 10003
- IPO Date
- Jun 26, 2019
- Business
- Rithm Capital Corp. is a global alternative asset manager focused on real estate, credit, and financial services, with an integrated investment platform spanning residential and commercial lending, mortgage servicing rights, structured credit, asset-based finance, and asset management. The company operates through key segments including Origination and Servicing via subsidiaries such as Newrez, which provides mortgage origination, high-touch servicing, and subservicing; Residential Transitional Lending through Genesis Capital, offering bridge, new construction, and rental hold loans; Investment Portfolio encompassing single-family rental properties, residential mortgage loans, consumer and business purpose loans, non-agency residential mortgage-backed securities, and servicer advances; and Asset Management via Sculptor Capital Management and RCM Manager, overseeing approximately $34 billion in assets under management as of December 2024 across credit, real estate, and multi-strategy platforms. Founded in 2011 and headquartered at 799 Broadway, 8th Floor, New York, New York, Rithm Capital conducts operations primarily in the United States, targeting institutional investors, shareholders, and counterparties in the mortgage, real estate, and alternative investment markets; it qualifies as a real estate investment trust and was formerly known as New Residential Investment Corp. before rebranding in 2022 following management internalization. Recent developments include the September 2025 agreement to acquire Paramount Group, Inc. for approximately $1.6 billion in cash to expand Class A office property ownership in New York City and San Francisco; the announcement to acquire Crestline Management, L.P., managing $17 billion in private credit and alternatives including insurance and reinsurance, expected to close in Q4 2025 and boost total investable assets to $98 billion; strong Q3 2025 earnings with net income of $221.54 million; the launch of Sculptor Loan Financing Partners, a captive CLO equity platform; completion of Computershare Mortgage Services acquisition to enhance Newrez's servicing; and management of Rithm Property Trust as an external manager following its rebranding from Great Ajax Corp.