The year 2018 has been one of the most eventful years in the history of Fortress Investment Group. During the past year, Fortress Investment Group has been acquired by the Japanese conglomerate SoftBank Group Corporation. With this acquisition, Fortress has been involved in acquiring more business interests in real estate. By using private equity funds, Fortress has allowed SoftBank to expand its asset holdings all over the world. Fortress Investment Group has established itself as one of the leading financial services firms since 1998. The firm started out as a quality hedge fund and gradually expanded into one of the most reputable global investors and financiers.
It would later go public in 2008 by getting an initial public offering on the New York Stock Exchange. During the past year, Fortress Investment Group was bought by SoftBank in an effort to more easily acquire business interests in telecommunications and other technical industries. SoftBank has partnered up with Fortress Investment Group in order to continue its global expansion. One of the most notable parts of the recent acquisition is its establishment of a financial services branch. SoftBank will now use Fortress as a backer for providing financial advisory and management for various clients worldwide. By having a number of holdings in real estate, Fortress will help SoftBank use real estate holdings to support tech startups.
This will help expand the economic infrastructure and communications industries. SoftBank’s Vision Fund has been used to be more active in acquiring real estate with the support of Fortress. So far, the two firms have acquired interests in companies such as OpenDoor, WeWork and Compass. Since the merger between Fortress and SoftBank, the two companies have worked together to create the TSX Broadway development. This will be a project that will establish a hotel and entertainment district in New York’s Times Square. The development will also serve as a top retail space as well. There will be a number of other well known companies waiting to help support the project and make valuable contributions to establishing a world class retail space in the immediate area.