It would be a massive understatement to say that the past year has been one of the most important and eventful that has ever occurred in the twenty year history of the Fortress Investment Group. It is undoubtedly the most eventful that has occurred since the IPO for Fortress Investment Group that occurred in 2007 and it is certainly as formative as the firm’s 1998 founding. 2018 was a year represented by major expansions as well as transitions as Fortress Investment Group became a part of the major Japanese conglomerate SoftBank. The addition of Fortress to the family of companies already under the SoftBank banner is a moment that represents a massive amount of potential for both of these prestigious firms. One thing that is certain is that the future looks brighter than ever now for the team at Fortress and SoftBank has gained a valuable company that allows it to easily expand into areas that it desires to.
The 1998 founding of the Fortress Investment Group truly was a major watershed for the investment industry in a general sense. The firm has made a name for itself in many areas including the hedge fund sector and it has grown into one of the world’s most respected firms in the alternative asset management area. Today’s Fortress Investment Group is a global financier of significant distinction that has only grown more since its 2007 IPO. The firm now looks forward to the next chapter in its history as a member of the impressive SoftBank family of firms.
Now that the big deal with SoftBank is complete and Fortress has joined this major conglomerate, the next big move is an entrance into the world of luxury real estate. The Fortress team have an impressive amount of past experience in the real estate field but this will be taken to another level with the backing of SoftBank. Proof of this is the massive TSX Broadway project being undertaken in New York City in the Times Square area. This project is coming in at an impressive $2.5 billion and it represents the creation of a unique retail space along with some of the world’s best entertainment and hotel accommodation.
Find more about Fortress Investment Group: https://www.indeed.com/cmp/Fortress-Investment-Group/reviews