Fortress Investment Group unveils epic Times Square real estate project

Since its foundation in 1998, Fortress Investment Group has been at the forefront of innovation, leading the pack by investing in projects with high RIO. This is in line with their core value of generating the highest return with the lowest risk of investment for their shareholders. The success of Fortress Investment Group has been influenced by the stable leadership provided by its three principles; New York-based Wes Edens, Randal Nardone, and San Francisco based Peter Briger. Visit crunchbase.com

Fortress has always demonstrated a deft ability to select investments with the highest RIO and this has attracted high-net-worth individuals as their clientele. Today, the investment management firm has assets to the tune of $42.1 billion under its portfolio. Recently, Fortress unveiled plans to commence construction of high-end mega real estate project dubbed, TSX Broadway.

The $2.5 billion project has created much buzz not only because it is one of the most ambitious real estate deal for Fortress, but also because it is located in one of the most popular premier destination in the world; New York City’s Times Square. The TSX Broadway project features high-end retail space, advertising space, five-star hotels, and entertainment space. To see the project to fruition, Fortress Investment Group has partnered with popular real estate dealer in New York, L&L Holding Company and seasoned real estate dealers, Maefield Development.

Given that Times Square has the traffic of more than 50 million people annually; TSX Broadway is an investment that is likely to make Fortress and their partners richer. It is no wonder that global companies such as Disney, Amazon, Samsung, Walmart, Youtube, and Facebook, are reported to have expressed interest in the projected retail space.

Up to its acquisition by SoftBank, Fortress was publicly listed in the New York Stock Exchange but delisted itself after it was purchased by the Japanese firm, for $3.3 billion. Following Softbank’s deal, Fortress now operates independently under the vast umbrella of SoftBank. The fact that Softbank chose to let Fortress Investment Group run independently even after such a hefty acquisition, speaks depth of the competency of Wes Edens, Randal Nardone, and Peter Briger.

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