New Residential Investment Corp.

New Residential Investment Corp.

New Residential Investment Corp. was founded in 2019 by David D. Paul, who serves as President and CEO, and G. Robert O'Brien, the Executive Chairman. Both executives have backgrounds in real estate and financial services, with O'Brien having previously served as U.S. National Security Advisor. The firm is headquartered in New York City and focuses on the residential sector, though much of its specific founding capital and wealth origin remains undisclosed. The firm's strategy spans three primary asset classes: residential real estate acquisition and repositioning (including single-family rental and multifamily assets), mortgage-backed securities and residential credit, and direct origination of residential loans. Geographically, it operates entirely within the United States, targeting markets with strong demographic trends and supply constraints. The firm does not disclose a specific AUM figure and has not detailed fund structures or co-investment vehicles in public filings. The firm's team size and additional offices are not publicly disclosed. No adjacent philanthropic or operating company structures have been named in public records. As of the last 24 months, no specific operational events—such as capital raises, acquisitions, or leadership changes—have been reported in major financial outlets. The key structural differentiator for New Residential Investment Corp. is its combined focus on physical real estate and credit within a single entity, blending asset management with direct real estate operations. This allows the firm to capture value across the capital stack—from owning properties to holding mortgage debt. Its governance structure aligns with this hybrid mandate, though succession and governance details are not publicly available.