SoftBank to Acquire Major CRE Investor Fortress Investment Group for $3.3 Billion

In a deal that has some market analysts scratching their heads, Japanese telecom giant SoftBank Group Corp. announced the surprising move of buying New York private-equity firm Fortress Investment Group LLC (NYSE: FIG) for $ 3.3 billion in cash. Fortress, an alternative-asset manager with $ 70.1 billion in assets under management, is a major investor in US real estate — listed as the owner on 195 properties totaling more than 14 million square feet…
National Commercial Real Estate News From CoStar Group

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