Brightline, a company owned by Fortress Investment Group, has reached a funding of $1.75 billion to expand its’ passenger rail system from Miami, FL to West Palm Beach and then to Orlando. Other cities considered for future stops may include Cocoa Beach, Fort Pierce, Seabastien, Stuart, and Vero Beach.
None of these additions to the expansion of the rail network would have been possible without the help of Fortress Investment Group, the primary investor in Brightline. Based in New York, the Fortress Investment Group focuses on managing investments, specializing in alternative assets in private equity, liquid hedge and credit funds.
The investment group drives toward diversification through a global investment management strategy. Fortress utilizes the expertise across a large spectrum of investment opportunities. This includes private equity, credit, liquid markets, and even asset management. Currently, there are over 1,500 investors and private clients make up their worldwide portfolio.
As if the experience in Florida was not enough to show the success of intelligent strategic maneuvers, Fortress has invested wisely into a transportation company, XpressWest, purchased by Brightline, to work on a previously blocked project to link Las Vegas with Victorville, CA, a suburb of Los Angeles. With the assistance of Fortress Investment Group, the dream has become a reality. By 2022, the rail connection between Las Vegas- Victorville will bring a plethora of jobs in both California and Nevada. as well as increase visitation dollars for Las Vegas. The same holds true for Florida, where the job market is scarce.
In addition to the interest in transportation, Fortress has unveiled a plan to help fund developers embark on a $2.5 billion in Times Square, focusing on a new branding and retail project. Known as TSX Broadway, the large project includes a new 550k SF, will be a virtual tapestry of promotion for brands such as Amazon, Facebook, YouTube, Samsung, Alibaba, Disney, and Wal-Mart.
Fortress Investments has shown time and time again how they champion projects for the future, allowing opportunities for jobs, expansion of growth, and tourist dollars. The main goal of the investment firm is to build wealth which can be shared and used toward even more functional and profitable projects, paving the way into a promising and innovative future.