Fortress Investment Group a global investment firm loans $57 Million to Kushner Companies for the struggling real estate development project in New Jersey that consists of a two-tower development with 56 stories and has plans for 1500 residential units. Fortress Investment Group is providing the financing for Kushner Companies to provide the capital to finish the project and establish the funding needed to springboard this opportunity into a successful return on investment for the company. Fortress Investment Group is one of the leading alternative asset investment companies in the world by taking opportunities that are distressed, underperforming, or illiquid and infusing needed capital into the opportunities to produce successful returns on investment. Fortress Investment Group was established in 1998 by 5 partners including Wes Edens, Peter Briger, Randall Nardone, Michael Edwards and Rob Kauffman. These successful investment managers came together to form one of the largest alternative asset buyout companies in the world.
In fact, in 2007 Fortress Investment Group became the first buyout company to trade on the New York Stock Exchange. Fortress Investment Group has more than 1750 individual and institutional clients that are from around the globe that provide perspective and insight into opportunities on a global scale. In December 2017, Fortress Investment Group was sold to SoftBank Group a global technology company for $3.3 billion. After the acquisition by SoftBank Group Corp., Fortress continues to operate as an independent organization with the retention of the executive team and management staff. Currently, Wes Edens and Peter Briger serve as Co-Chief Executive Officers and provide high-level analysis and insight into the evaluation of various global opportunities to invest in illiquid and distressed investment opportunities. SoftBank Group saw thriving investment firm Fortress Investment Group as an opportunity to expand the corporate operation into the alternative asset investment industry and generate leverage and opportunity to increase their reach and scope within the industry.
SoftBank Group specializes in cutting-edge technological innovation and advancements by providing capital and resources to expand telecommunications, internet service, AI, Robotics, and various other innovations that will expand the world into the new information revolution. SoftBank seized the opportunity to gain footing within the alternative asset industry by investing in one of the larger buyout firms in the world by acquiring Fortress Investment Group. Fortress Investment Group currently manages over $30 Billion in assets within various industries and categories With the exceptional management expertise exhibited by the Co-Chief Executive officers Wes Edens and Peter Briger within Fortress Investment Group, the company continues to expand on the vision and mission of its founders by leveraging opportunities to invest in global alternative asset opportunities and capitalize on advanced knowledge from its leadership team. Fortress has established a reputation as one of the leading investment firms in the world by specializing in alternative asset investment opportunities like the $57 million investment loan executed to continue development of the Kushner Companies New Jersey development of the two-tower real estate investment project that stands at 56 stories and will encompass 1500 residential units.