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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

DRIVE SHACK INC.

CRD 156119

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:ce40a618-66ad-d373-f7f4-e53ee6d16240

Data as of Mar 31, 2022 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:39 AM UTC and rebuilt at most every 15 minutes.

Relationships: 33
Dated events: 16
On other graphs: 0
Observed: Dec 22, 2011 to Mar 31, 2022
21 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $161MItem 5.F on the latest filing (2022-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $161M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 4
Advisory employees: 1
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 14
Private funds: 14Schedule D 7.B(1)
Private fund GAV: $161Mgross asset value as reported per fund; never fund size
SEC number: 801-72277
CRD: 156119
Filings on the tape: 21
First filed: Dec 22, 2011
Latest filed: Mar 31, 2022
Organised: Corporation, Maryland

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
NEWCASTLE CDO X, LIMITED	Securitized Asset Fund	$1.0B	Oct 16, 2012	1	Mar 30, 2012	dropped	n/a
NEWCASTLE CDO IX 1, LIMITED	Securitized Asset Fund	$229M	Mar 31, 2015	1	Mar 30, 2012	dropped	n/a
NEWCASTLE CDO IV, LIMITED	Securitized Asset Fund	$151M	Apr 1, 2013	1	Mar 30, 2012	dropped	n/a
NEWCASTLE CDO VIII 1, LIMITED	Securitized Asset Fund	$150M	Mar 31, 2015	1	Mar 30, 2012	dropped	n/a
CBASS CBO XVIII LTD	Securitized Asset Fund	$41.1M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XIV LTD	Securitized Asset Fund	$33.9M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
NEWCASTLE CDO V, LIMIITED	Securitized Asset Fund	$23.9M	Jan 23, 2020	0	Mar 30, 2012	dropped	n/a
CBASS CBO XVII LTD	Securitized Asset Fund	$20.2M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XV LTD	Securitized Asset Fund	$18.7M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XIX LTD	Securitized Asset Fund	$11.3M	Mar 31, 2022	1	Mar 30, 2012	reported	n/a
CBASS CBO XVI LTD	Securitized Asset Fund	$7.8M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XI LTD	Securitized Asset Fund	$6.6M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO IV LTD	Securitized Asset Fund	$4.5M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO VIII LTD	Securitized Asset Fund	$3.9M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO X LTD	Securitized Asset Fund	$3.6M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XII LTD	Securitized Asset Fund	$3.6M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO IX LTD	Securitized Asset Fund	$2.6M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
CBASS CBO XIII LTD	Securitized Asset Fund	$1.8M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
NEWCASTLE CDO VI, LIMIITED	Securitized Asset Fund	$1.0M	Mar 31, 2022	0	Mar 30, 2012	reported	n/a
ABACUS 2005-CB1, LTD	Securitized Asset Fund	$0	Mar 29, 2018	0	Mar 30, 2012	dropped	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CLIFFORD, WILLIAM, J	Director	Na	yes	06/2018	Mar 29, 2019	Mar 31, 2022
COLBERT, VIRGIS, W.	Director	Na	yes	04/2019	Oct 10, 2019	Mar 31, 2022
CRANE, BENJAMIN, M.	Director	Na	yes	04/2019	Oct 10, 2019	Mar 31, 2022
EDENS, WESLEY, ROBERT	CHAIRMAN OF THE BOARD OF DIRECTORS	B	yes	06/2002	Dec 22, 2011	Mar 31, 2022
Foley, Nicholas, Merriam	GENERAL COUNSEL/ CHIEF COMPLIANCE OFFICER	Na	yes	03/2018	Mar 29, 2018	Mar 31, 2022
KHOURI, HANA	CEO & DIRECTOR	Na	yes	08/2019	Oct 10, 2019	Mar 31, 2022
MCFARLAND, STUART, A	Director	Na	yes	10/2002	Dec 22, 2011	Mar 31, 2022
NICHOLS, MICHAEL, LEE	CHIEF FINANCIAL OFFICER	Na	yes	09/2020	Mar 31, 2021	Mar 31, 2022

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2021	Mar 31, 2022	$161M	$161M	4	1	0	14	$161M
2020	Mar 31, 2021	$190M	$190M	4	1	1	14	$190M
2019	Mar 28, 2020	$219M	$219M	8	2	0	14	$219M
2018	Mar 29, 2019	$274M	$274M	27	2	0	15	$274M
2017	Mar 29, 2018	$356M	$356M	27	5	0	16	$356M
2016	Mar 30, 2017	$72.6M	$72.6M	0	0	n/a	2	$72.6M
2015	Mar 30, 2016	$113M	$113M	0	0	n/a	2	$113M
2014	Mar 31, 2015	$551M	$551M	0	0	n/a	4	$551M
2013	Mar 31, 2014	$1.2B	$1.2B	0	0	n/a	4	$1.2B
2012	Apr 1, 2013	$1.7B	$1.7B	0	0	n/a	5	$1.7B
2011	Mar 30, 2012	$2.8B	$2.8B	n/a	0	n/a	6	$2.8B

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2021	$161M	$190M	-15.5%	$274M	-16.4%	4	4	0	1

Relationships

Advises (20)

→ CBASS CBO XIX LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO X LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XVIII LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XIV LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XII LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XIII LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO VIII LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO IX LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO IV LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XI LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XVII LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ NEWCASTLE CDO VI, LIMIITEDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XV LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ CBASS CBO XVI LTDPrivate fundSecuritized Asset Fund, IA
Mar 30, 2012 to presentfactForm ADV
→ NEWCASTLE CDO V, LIMIITEDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Jan 23, 2020factForm ADV
→ ABACUS 2005-CB1, LTDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Mar 29, 2018factForm ADV
→ NEWCASTLE CDO VIII 1, LIMITEDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Mar 31, 2015factForm ADV
→ NEWCASTLE CDO IX 1, LIMITEDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Mar 31, 2015factForm ADV
→ NEWCASTLE CDO IV, LIMITEDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Apr 1, 2013factForm ADV
→ NEWCASTLE CDO X, LIMITEDPrivate fundSecuritized Asset Fund, IA, no longer reported
Mar 30, 2012 to Oct 16, 2012factForm ADV

Controls (8)

← EDENS, WESLEY, ROBERTOwnerCHAIRMAN OF THE BOARD OF DIRECTORS, ownership code B, individual
Dec 22, 2011 to presentfactForm ADV
← MCFARLAND, STUART, AOwnerDIRECTOR, ownership code NA, individual
Dec 22, 2011 to presentfactForm ADV
← Foley, Nicholas, MerriamOwnerGENERAL COUNSEL/ CHIEF COMPLIANCE OFFICER, ownership code NA, individual
Mar 29, 2018 to presentfactForm ADV
← CLIFFORD, WILLIAM, JOwnerDIRECTOR, ownership code NA, individual
Mar 29, 2019 to presentfactForm ADV
← COLBERT, VIRGIS, W.OwnerDIRECTOR, ownership code NA, individual
Oct 10, 2019 to presentfactForm ADV
← CRANE, BENJAMIN, M.OwnerDIRECTOR, ownership code NA, individual
Oct 10, 2019 to presentfactForm ADV
← KHOURI, HANAOwnerCEO & DIRECTOR, ownership code NA, individual
Oct 10, 2019 to presentfactForm ADV
← NICHOLS, MICHAEL, LEEOwnerCHIEF FINANCIAL OFFICER, ownership code NA, individual
Mar 31, 2021 to presentfactForm ADV

Affiliated with (5)

← NIC MANAGEMENT LLCRegistered adviserother investment adviser, common control
factForm ADV
← FIG ADVISORS LLCRegistered adviser
factForm ADV
← FORTRESS FUND MM II LLCRegistered adviser
factForm ADV
← DRAWBRIDGE LONG DATED VALUE ADVISORS LLCRegistered adviser
factForm ADV
← MANAGEMENT HOLDINGS LLCRegistered adviser
factForm ADV

Dated events

Occurred
Mar 31, 2022
Control person left
Arthur Lawrence Goodfield (Chief Accounting Officer, And Treasurer) no longer on Schedule A of Drive Shack Inc. (listed 2021-06-22, absent 2022-03-31)
Form ADVobserved 6 days ago
Occurred
Jun 22, 2021
Control person left
Clifford Press (Director) no longer on Schedule A of Drive Shack Inc. (listed 2021-03-31, absent 2021-06-22)
Form ADVobserved 6 days ago
Occurred
Mar 31, 2021
Control person joined
Lee Michael Nichols (Chief Financial Officer) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Mar 28, 2020
Control person left
Michael David Hammarley (Chief Financial Officer) no longer on Schedule A of Drive Shack Inc. (listed 2020-01-23, absent 2020-03-28)
Form ADVobserved 6 days ago
Occurred
Jan 23, 2020
Control person left
A Kenneth May (Ceo) no longer on Schedule A of Drive Shack Inc. (listed 2019-10-10, absent 2020-01-23)
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person left
James Kevin Finnerty (Director) no longer on Schedule A of Drive Shack Inc. (listed 2019-04-05, absent 2019-10-10)
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person left
Louise Sarah Watterson (Director) no longer on Schedule A of Drive Shack Inc. (listed 2019-04-05, absent 2019-10-10)
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person left
Ann Sara Yakin (Chief Operating Officer) no longer on Schedule A of Drive Shack Inc. (listed 2019-04-05, absent 2019-10-10)
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person joined
Hana Khouri (President) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person joined
W. Virgis Colbert (Director) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Oct 10, 2019
Control person joined
M. Benjamin Crane (Director) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Mar 29, 2019
Control person joined
A Kenneth May (Ceo & President) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Mar 29, 2019
Control person joined
Michael David Hammarley (Chief Financial Officer) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Mar 29, 2019
Control person joined
J William Clifford (Director) appeared on Schedule A of Drive Shack Inc.
Form ADVobserved 6 days ago
Occurred
Mar 29, 2019
Control person left
Levering Alan Tyson (Director) no longer on Schedule A of Drive Shack Inc. (listed 2018-03-29, absent 2019-03-29)
Form ADVobserved 6 days ago
Occurred
Mar 29, 2018
Regulatory AUM changed
Drive Shack Inc. reported RAUM $355.6M, up 390% from $72.6M (2017-03-30 to 2018-03-29)
Form ADVobserved 6 days ago
$283M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:ce40a618-66ad-d373-f7f4-e53ee6d16240
First observed: Dec 22, 2011
Last observed: Mar 31, 2022 54 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

DRIVE SHACK INC.

CRD 156119

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:ce40a618-66ad-d373-f7f4-e53ee6d16240

Data as of Mar 31, 2022 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:39 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

NEWCASTLE CDO X, LIMITED

Securitized Asset Fund

$1.0B

Oct 16, 2012

Mar 30, 2012

dropped

n/a

NEWCASTLE CDO IX 1, LIMITED

Securitized Asset Fund

$229M

Mar 31, 2015

Mar 30, 2012

dropped

n/a

NEWCASTLE CDO IV, LIMITED

Securitized Asset Fund

$151M

Apr 1, 2013

Mar 30, 2012

dropped

n/a

NEWCASTLE CDO VIII 1, LIMITED

Securitized Asset Fund

$150M

Mar 31, 2015

Mar 30, 2012

dropped

n/a

CBASS CBO XVIII LTD

Securitized Asset Fund

$41.1M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XIV LTD

Securitized Asset Fund

$33.9M

Mar 31, 2022

Mar 30, 2012

reported

n/a

NEWCASTLE CDO V, LIMIITED

Securitized Asset Fund

$23.9M

Jan 23, 2020

Mar 30, 2012

dropped

n/a

CBASS CBO XVII LTD

Securitized Asset Fund

$20.2M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XV LTD

Securitized Asset Fund

$18.7M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XIX LTD

Securitized Asset Fund

$11.3M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XVI LTD

Securitized Asset Fund

$7.8M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XI LTD

Securitized Asset Fund

$6.6M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO IV LTD

Securitized Asset Fund

$4.5M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO VIII LTD

Securitized Asset Fund

$3.9M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO X LTD

Securitized Asset Fund

$3.6M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XII LTD

Securitized Asset Fund

$3.6M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO IX LTD

Securitized Asset Fund

$2.6M

Mar 31, 2022

Mar 30, 2012

reported

n/a

CBASS CBO XIII LTD

Securitized Asset Fund

$1.8M

Mar 31, 2022

Mar 30, 2012

reported

n/a

NEWCASTLE CDO VI, LIMIITED

Securitized Asset Fund

$1.0M

Mar 31, 2022

Mar 30, 2012

reported

n/a

ABACUS 2005-CB1, LTD

Securitized Asset Fund

Mar 29, 2018

Mar 30, 2012

dropped

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CLIFFORD, WILLIAM, J

Director

yes

06/2018

Mar 29, 2019

Mar 31, 2022

COLBERT, VIRGIS, W.

Director

yes

04/2019

Oct 10, 2019

Mar 31, 2022

CRANE, BENJAMIN, M.

Director

yes

04/2019

Oct 10, 2019

Mar 31, 2022

EDENS, WESLEY, ROBERT

CHAIRMAN OF THE BOARD OF DIRECTORS

yes

06/2002

Dec 22, 2011

Mar 31, 2022

Foley, Nicholas, Merriam

GENERAL COUNSEL/ CHIEF COMPLIANCE OFFICER

yes

03/2018

Mar 29, 2018

Mar 31, 2022

KHOURI, HANA

CEO & DIRECTOR

yes

08/2019

Oct 10, 2019

Mar 31, 2022

MCFARLAND, STUART, A

Director

yes

10/2002

Dec 22, 2011

Mar 31, 2022

NICHOLS, MICHAEL, LEE

CHIEF FINANCIAL OFFICER

yes

09/2020

Mar 31, 2021

Mar 31, 2022

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2021

Mar 31, 2022

$161M

2020

Mar 31, 2021

$190M

2019

Mar 28, 2020

$219M

2018

Mar 29, 2019

$274M

2017

Mar 29, 2018

$356M

2016

Mar 30, 2017

$72.6M

n/a

$72.6M

2015

Mar 30, 2016

$113M

n/a

$113M

2014

Mar 31, 2015

$551M

n/a

$551M

2013

Mar 31, 2014

$1.2B

n/a

$1.2B

2012

Apr 1, 2013

$1.7B

n/a

$1.7B

2011

Mar 30, 2012

$2.8B

n/a

$2.8B

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2021

$161M

$190M

-15.5%

$274M

-16.4%