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New Residential Investment to acquire shares of DGG RE Investments

New Residential Investment Corp. agreed to acquire 100% of the shares of DGG RE Investments LLC, which does business as Guardian Asset Management.

Guardian Asset Management provides field services and property management to government agencies, financial institutions and asset management firms. Under the terms of the deal, the company will continue to operate under the same name and current leadership.

The transaction is expected to close in the fourth quarter. Financial terms of the deal were not disclosed in the news release.

Lift Strategic Partners served as New Residential Investment's financial adviser in the transaction.