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.
Over the past two decades, Fortress Investment Group has steadily grown into the firm it is today. During the past couple of years, it has allowed SoftBank to acquire it for a sum of over $3 billion. With this acquisition, SoftBank has been able to expand to North America and get established in the technology, real estate and financial sectors. Once it was acquired by SoftBank, Fortress Investment Group teamed up with SoftBank to increase its asset holdings throughout the world. One of the key benefits of acquiring Fortress to get more involved in real estate. Since SoftBank acquired Fortress, the two companies have purchased a number of real estate holdings as well as funding development projects.
These projects and real estate holdings will be used to help compliment the technology sector. With new properties available, tech startups will be in position to use this space for establishing an office location. Over the past year, a number of top companies in both the real estate and technology sectors have gotten valuable office space to expand their business interests. Fortress and SoftBank have recently put together a development project that will help expand the hospitality and entertainment sectors. The two companies have acquired land to build an assortment of hotels, entertainment centers and retail spaces. As a result, the local community will have a more vibrant atmosphere and become one of the top tourist, entertainment and business districts in New York City.