FORTRESS INVESTMENT GROUP INVESTS MORE IN  PROPERTY ASSETS:

The Fortress Investment Group is a managing investments company that carries out its operations globally. Currently, it has enlisted more than 1,700 private investors and institutions in its portfolio and it manages over 70 billion dollars in assets.

THE 20 TIMES SQUARE DEAL:

The privately held company has now expanded its horizon into Times Square and earlier this year, the company together with other institutions purchased Palace Theater. In addition to this, Fortress Investment Group collaborated with Maefield Development to purchase the asset at 20 Times Square.

Additionally, the two companies also bought out Winthrop Realty Trust, New Valley which is owned by Howard Lorber, Ian Schrager and Steve Witkoff who were their partners. Subsequently, the closing of the acquisition allowed them to own the over 1.5 billion dollar property fully.

HISTORY OF THE 20 TIME SQUARE DEAL:

The group of investors came together in 2012 and purchased the building for over 400 million dollars. When they purchased it, it was a building site for offices. However, in 2015 they started the construction of a lavish hotel. The 39 stories hotel has over 450 rooms. It also includes rental spaces which are owned by the owners of the lease.

When the two partners bought out the others, they were all looking for approximately 1.299 billion dollars to elevate the property and to expand the theater and include a giant screen for outdoor signs. The Time Square is a popular tourist site and any investment in it is bound to be fruitful.

ABOUT FORTRESS INVESTMENT GROUP:

The investment firm was started in 1998 by Rob Kauffman, Randal Nardone, and Wesley Edens. The privately held company employs more than 900 people.

The investment company has various functions which include capital investment, creation of credit, coming up with strategies for real estate, hedge funds, and private equity. The assets firm has been a capital partner to various companies throughout its existence.

In 2007, the company went public and Goldman Sachs and The Lehman Brothers underwrote the IPO. The company went down American history as the first huge private equity company to trade publicly. Due to its progress and development, the company has managed to win numerous reputable awards. In 2014, the investment company was awarded with the annual Hedge Fund Manager award.

In 2017, the company was bought by SoftBank Group for 3.3 billion dollars. Although this company is based in Japan, the Fortress Investment Group’s headquarters is still in New York.

Matt Badiali Focuses on Silver as Its Value Reaches Low Level

Silver has just hit a low it has only sunk to five other times in the past decade. Although this is a clear sign of the times, and further evidence of the pummeling precious metals is currently receiving, for investors this is a great thing. Silver is cheap! This means a good silver investment can be had for a low output, and since the last it fell to this level resulting in a 38% climb, prospects are good. So good that investment expert Matt Badiali is telling his followers its time to purchase some silver.

Matt Badiali is an analyst for Banyan Hill Publishing. His expertise is in the field of natural resources. Most people know him from his popular freedom checks ads, but those who have dug a little deeper have discovered a lot more about Badiali. For one thing Matt Badiali is a geologist. He actually travels around personally vetting resource operations to create reliable projections. Those travels take him all over the globe. He look at the operations themselves, talks to the people, interviews CEOs, and even tests soil samples. Freedom checks is only one of the man opportunities Badiali vouches for. Lately, he has been focused on the cannabis industry in the wake of Canada’s upcoming full legalization. In light of silver’s recent fall, Badiali has also started directing people the precious metals way.

The thing about silver is that it will bounce back. It has too, the metal is highly used for industrial purposes. In fact, green energy uses a lot of silver in its conservation tech. As this type of energy gains more focus in a society investing more and more in renewable energy sources, the need for silver will increase, This demand will bring silver’s value back up and anyone owning some will have their investment increase. Last time the increase boomed 38% in a period of five months. A nice increase for investors. This time the increase could be much more, especially if investors give it a few years. This is why Matt Badiali is telling people to invest now. The opportunity is a rare occurrence. To know more about him click here.