# Rithm Capital

> Rithm Capital is a New York-based public alternative asset manager combining investment funds with businesses that originate loans, service mortgages and operate real estate. Its platform includes Newrez, Genesis Capital, Sculptor, Crestline and Elecor Properties, serving homeowners, professional developers, institutional and wealth investors, and office tenants.

- **Founded:** 2013
- **Headquarters:** New York, United States
- **Founders:** Fortress Investment Group (Founding sponsor; New Residential emerged through a Newcastle Investment Corp. spin-off)
- **Products:** Newrez, Genesis Capital, Sculptor Capital Management, Crestline, Elecor Properties
- **Notable:** Became publicly traded as New Residential through a 2013 spin-off., Acquired Shellpoint in 2018, adding mortgage origination and servicing operations., Internalized management and rebranded as Rithm Capital in 2022.

## Products & services

- **Newrez** — U.S. residential mortgage origination, servicing and third-party subservicing; $865.2 billion in servicing unpaid principal balance at June 30, 2026. Shellpoint, now Newrez, joined the group in 2018.
- **Genesis Capital** — Construction and residential transitional financing for professional real estate developers; acquired in 2021.
- **Sculptor Capital Management** — Alternative investment management across corporate credit, structured credit, real estate and multi-strategy investments; acquired in November 2023.
- **Crestline** — Private credit, direct lending, fund liquidity and related strategies; acquired December 1, 2025.
- **Elecor Properties** — Office property ownership and operations in New York and San Francisco; Paramount acquired in December 2025 and rebranded in April 2026.
- **Asset-based finance and securitization** — Investment in and financing of mortgage, residential transitional and consumer credit assets, including securitization of loan portfolios.

## Achievements

- Became publicly traded as New Residential through a 2013 spin-off.
- Acquired Shellpoint in 2018, adding mortgage origination and servicing operations.
- Internalized management and rebranded as Rithm Capital in 2022.
- Closed the Sculptor transaction in November 2023 at an announced transaction value of approximately $719.8 million.
- Completed Crestline and Paramount acquisitions in December 2025.
- Reported approximately $61 billion of asset management AUM at June 30, 2026.
- Announced a $375 million multifamily-only residential transitional loan securitization on October 14, 2026.

## Latest updates

- **2026-10** — On October 14, announced closure of a $375 million multifamily-only residential transitional loan securitization.
- **2026-10** — On October 12, scheduled third-quarter 2026 earnings for October 23, 2026; those results were still pending on the October 22 research date.
- **2026-10** — On October 2, announced the DRA Advisors joint venture for 1301 Avenue of the Americas.
- **2026-07** — Reported Q2 2026 AUM of approximately $61 billion and Newrez servicing UPB of $865.2 billion.
- **2026-04** — Paramount rebranded as Elecor Properties; Rithm and key joint venture partners planned approximately $250 million in portfolio improvements.
- **2026-02** — Expanded the Valon relationship and announced Newrez’s planned adoption of ValonOS.

## Links

- Website: https://www.rithmcap.com/
- LinkedIn: https://www.linkedin.com/company/rithm-capital-corp/

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Profile page: https://yespress.io/rithm-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-22