Fortress Investment Group, a global investment management firm, has made a $535 million purchase from Colony Capital. Fortress is one of the most well-known and respected firms in the industry today. Fortress specializes in private equity financial investments.
Fortress Investment Group is a company that was founded in 1998 by Wesley R. Edens, Robert J. Kauffman, and Randal Nardone. They pooled their resources to buy out distressed real estate assets with borrowed money from Bankers Trust Company. This company now manages over $53 billion worth of assets with over 1,200 employees worldwide.
Colony Capital is selling Fortress Investment Group a portfolio of nine commercial properties in New York City, San Francisco Bay Area, Boston, and Washington DC. Fortress will now own approximately 25% of the total investment value for Colony Capital’s holdings. This is Fortress’s second major purchase from Colony Capital since September 2016, when Fortress agreed to buy out an equity stake for over $15 billion. Fortress has been on quite a spending spree lately thanks to their recent IPO, which netted more than $11 billion back.
Fortress has maintained its successful position due to being flexible and creative when finding new ways of investing. Fortress has also been prosperous because of its willingness to take risks and make the investments that others are afraid to do.
One of Fortress Investment Group’s best assets is its talented and experienced management team. Fortress has a number of people with a variety of backgrounds that bring different perspectives to the table. These include former investment bankers, financial analysts, risk managers, traders.
Fortress Investment Group, LLC is the majority owner of Fortress Transportation and Infrastructure Investors (FTII). FTII’s investments include toll roads across North America. It also has a stake in the company that operates the New York City Metropolitan Transit Authority’s Bridges and Tunnels division, which includes all seven bridges spanning Manhattan Island. To learn more visit: here.