NEW YORK--(BUSINESS WIRE)--New Residential Investment Corp. (NYSE: NRZ) announced today, pursuant to an exercise of options by FIG LLC and one or more affiliates and employees of FIG LLC (collectively, the “Selling Stockholders”), the commencement of an underwritten public offering of 3,694,228 shares of its common stock issued, subject to market conditions. The Company will not receive any proceeds from the sale of the shares by the Selling Stockholders.

Citigroup Global Markets Inc. is acting as the sole underwriter for the offering. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

ABOUT NEW RESIDENTIAL

New Residential focuses on opportunistically investing in, and actively managing, investments related to residential real estate. The Company primarily targets investments in mortgage servicing related assets and other related opportunistic investments. New Residential is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes. The Company is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm.