Fortress Investment Group: The multi-billion dollars investment company. Fortress Investment Group is a famous real estate investment firm. The company was established in 1998. It is under state ownership. The firm has over 1500 members of staff. It has branches all over the United States. It also has subsidiaries in cities such as Singapore and Hong Kong. It has created a name for itself by making great deals. Its most outstanding one is when they got acquired by SoftBank. The firm purchased Fortress Investment Group for over 3 billion dollars. This change in ownership took place towards the end of 2017. The bank has found this acquisition to be an opportunity of a lifetime. In contrary to this, the majority of real estate firms are dismayed by this move. It is in Softbank’s nature to purchase small upcoming firms. This time, however, they went for “an old firm” (as other investors put it). It did not make sense at all why they would purchase a firm that has been in business for over two decades. It took a lot of people sometime before seeing the firm’s motives.
According to Rajeev Misra, a former member of staff at Fortress investment group, the corporate had a more significant plan for the firm. They intended to use it as a branch for their investments. Misra is now in charge of a firm known as Vision Fund. This plan was not evident during the purchase.Softbank has for years been in search of opportunities for lucrative deals especially their branches in Tokyo and London. With the purchase of Fortress Investment Group, there is a likely chance that the company will be able to achieve their goals. Fortress Investment Group eases SoftBank’s operations because it already had a well- established relationship with great investors and trade relations. It as well had a well- organized anatomy. The firm also had a very efficient board.At the beginning of this year, Fortress Investment Group was reported to have granted a loan of $57 million to Kushner Cos, a family owned company.
The family is run by Jared Kushner, the senior advisor to the United States President, Donald Trump. The transaction was carried out late last year. They required the loan to construct two towers. The towers were to entail almost 1500 apartments. The towers were to be developed in New York. The bad news is that this amount was just a small portion of what Kushner Cos needed for their project. They prospected that on completion of the tower, they shall have over $120 million in debts.As stated earlier, Fortress Investment Group has a very active managerial committee. The company is headed by three principals namely Peter Briger, Wesley Edens and Randal Nardone. Mr. Briger is the firm’s C0- CEO. Wesley Edens as well works as a co-chief executive officer at Fortress. He is moreover, the co-founder of the firm. Randal is also Fortress’ Co-Founder. Peter Briger is based in San Francisco while the other two are based in New York. They all work hand in hand in the management of the company.