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The Recent Activities That Fortress Investment Group Has Engaged

About Fortress Investment Group LLC.

Fortress Investment Group is an investment management firm that deals with various investment activities. Globally, it manages assets that are worth $36.1 billion as of September 30, 2017. The firm was established in 1998. It is headquartered in New York City. The founders of this private equity firm include Wesley R. Edens, Robert Kauffman, and Randal Nardone.The company’s experience in various asset-based investments cannot be matched with any other. It has competent experts that have specialized in their line of duty. They seek to work hard to see that their clients are fully satisfied. It is one of the main reasons for its success.Fortress Investment Group is good at coming up with unique ways of coping with possible challenges that may come its way. This trait helps it greatly to carry out complex investments successfully. The company also has excellent expertise in mergers and acquisitions which allows it to engage various types of clients with the aim of developing the best investment strategy.

SoftBank Acquires Fortress.

On February 14, 2017, SoftBank Group entered a deal with Fortress to acquire it. The amount of the acquisition was $3.3 billion. On July 12, 2017, the transaction completion happened and the closure of the acquisition done on December 27, 2017.This acquisition would serve greatly to aid the expansion of SoftBank into the United States where it seeks to begin its investment. The purchase is after SoftBank Group teamed up with Saudi Arabia to establish a $100 billion technology fund known as SoftBank Vision Fund. Half of the funds will be used in the United States.Though the SoftBank Group has fully acquired the Fortress Investment Group, the Committee on Foreign Investment in the United States has limited SoftBank on its involvement on the day to day activities in Fortress.

This until the committee approves of the acquisition.Fortress buys SuperValu’s Pompano Beach distribution Center.The SuperValu facility (Associated Grocer of Florida) found in 1141 Southwest 12th Avenue (Pompano Beach) was paid for at $66.4 million by an affiliate of Fortress Investment Group. The purchase is just a part of a national portfolio deal worth &483 million. SuperValu had previously acquired the Associated Grocers of Florida which implies that they owned the Pompano Beach facility.The facility has 769,391 square feet. The Fortress affiliate that paid for it is known as the CF Grocery Distribution PropCo. A $68.41 million mortgage from the Royal Bank of Canada funded the activity.

Source of the article : https://www.nasdaq.com/quotes/institutional-portfolio/fortress-investment-group-llc-725821

Is America Being Left Behind by China in Terms of Infrastructure? Here’s What Shervin Pishevar Has to Say

Infrastructure is one of the key indications of growth in an economy. Investment in infrastructure is paramount to the functionality of a country. Basically, infrastructure is comprised of the basic facilities like communication, transport, buildings, and power supplies. In his tweets, Shervin Pishevar suggests that countries such as China may leave the US behind when it comes to matters of infrastructure. It is imperative for countries to strive to better their infrastructure in accordance with the changing world. This is a major contributor to ensuring seamless operations.

Shervin Pishevar in one of his tweets notes down that “Speed of execution across many sectors from other regions is startling. Very little of frictions that are becoming systemic fractures here.” This is quite alarming, and it is high time the government opened eyes to do something about this. Failure to do so will leave America lagging behind compared to other developed countries.

Shervin Pishevar goes to prove this point in his next tweet by referencing a case in China, one of the fastest growing economies in the globe. He mentions that “As an example of speed of execution that exists now in China. Last week China built a train station in 9 hours.” Yes, you read that correctly. China just improved their transport facilities in just 9 hours. Quite impressive, don’t you think so?

If China can do it, America can do it too, if not better. Shervin Pishevar is not shy to express his disappointment in the way America is taking forever to advance its infrastructure. He tweets, “Meanwhile, our infrastructure is in tatters, decrypt and decaying. Our government and companies are trapped in short-term thinking.” This is a clear indication that America has the potential to propel such growth, they just lack in embracing innovative thinking.

If the government and major companies could get out of the cocoon they have placed themselves in, major projects could be attained in little time. All that is required is for them to take initiative and spearhead infrastructural development. This is also a major way of creating employment opportunities.

https://angel.co/shervin

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