New Residential Investment to acquire Genesis Capital from Goldman Sachs.

New Residential Investment, a publicly traded mortgage real estate investment trust, agreed to acquire Genesis Capital, a loan provider for the professional developers of residential, multifamily and mixed-use real estate, from Goldman Sachs. Financial terms are not disclosed. "The acquisition of Genesis adds a new complementary business line to our Company and advances our ability to create and retain additional strong housing assets for our balance sheet. We are excited to work with the seasoned Genesis team and add business purpose lending to our suite of products, furthering our connectivity with a new subset of borrowers. We see the acquisition of Genesis as a great opportunity that supports our growing single-family rental strategy and one that allows us to capture additional unmet demand from our Retail and Wholesale origination channels," Michael Nierenberg, New Residential Chairman, Chief Executive Officer and President.