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Fortress Investment Group

1345 Sixth Avenue, 46th Floor
New York, NY 10105
(212) 798-6100
Website
[email protected]

Fortress Investment Group is a publicly owned investment manager that counts real estate among its more than $70 billion in assets under management. The group has more than 1,600 institutional investor clients and offices in New York City, Philadelphia, Los Angeles, Italy, Singapore, and Hong Kong. Founded in 1998, Fortress has had its ups and downs in recent years. The firm went public in 2007, just months before it would suffer major losses (like many fellow private equity firms) during the economic downturn in 2008. Seven years later in 2015 Fortress would close its flagship hedge fund after heavy losses due to Brazils flailing market but also open another real estate fund, which it capped at $1 billion. Later that year Fortress sold its stake for $5.3 billion in the Stuyvesant Town Peter Cooper Village apartment complex (which had been owned by Fortress subsidiary CWCapital). Fortress had acquired CWCapital in 2010 in a bid to get deeper into the commercial real estate market). Today, Fortress holdings include Alabamas Inverness Corners retail center, which it purchased in 2014, and has helped finance condos and other buildings around New York City

Fortress Investment Group, Co-Chief Investment Officer
1345 Avenue of the Americas, 46th Floor, New York, NY, (212) 798-6100
Constantine M. Dakolias is the managing director and co-chief investment officer of the...
Fortress Investment Group, Managing Director
1345 Avenue of the Americas, 46th Floor, New York, NY, (212) 798-6100
Benjamin W. Michelson is the managing director of Fortress Investment Group, LLC, a...
  • Event Financing
  • Address 17 East 47th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 192,000,000
  • Publication Date 10/04/2019
  • Event Date 10/03/2019
  • Party 1 Macklowe Properties
  • Party 2 Fortress Investment Group
notes
The lender issued a loan of $192 million for the Grand Central portfolio.
  • Event Financing
  • Address 12 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 20,210
  • Price $ 46,000,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 52nd Street Barracuda Acquisition LLC
  • Party 2 Fortress Investment Group
notes
The owner secured a loan of $46 million for the Plaza District property.
  • Event Sales
  • Address 701 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 369,864
  • Price $ 1,530,000,000
notes
The partnership acquired the Midtown West Marriott Edition Hotel for $1.53 billion.
  • Event Financing
  • Address 217 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 316,287
  • Price $ 235,000,000
notes
The developer secured a one-year $235 million land loan to extend its previous loan.
  • Event Sales
  • Address 1002 Brighton Beach
  • Neighborhood Manhattan Beach
  • Borough Brooklyn
  • Square feet 16,603
  • Price $ 11,400,000
notes
The former Chase Bank retail location was sold for $11.4 million.
  • Event Sales
  • Address 2909 West 17th Street
  • Neighborhood Coney Island
  • Borough Brooklyn
  • Square feet 23,000
  • Price $ 3,800,000
notes
The former Chase Bank retail location was sold for $3.8 million.
  • Event Sales
  • Address 819 Grand Street
  • Neighborhood East Williamsburg
  • Borough Brooklyn
  • Square feet 13,357
  • Price $ 5,900,000
notes
The former Chase Bank retail location was sold for $5.9 million.
  • Event Retail Leasing
  • Address 9 Dekalb Avenue|340 Flatbush Avenue Extension
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 185,000,000
notes
A $185 million combined loan was arranged for the two buildings.
  • Event Financing
  • Address 45 East 22 Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 372,000
notes
A $420 million deal was arranged. 60-story, 83-units.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 40,563
notes
The global investment management firm signed a six-month extension.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 42,259
notes
The investment management firm signed a six-year lease.
  • Event Sales
  • Building Name Sheffield57
  • Address 322 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 20,000,000
notes
The condo building sold at a foreclosure auction last month for $20 million. Fortress, a Manhattan-based hedge fund that previously acquired more than $100 million in defaulted loans at the building, made the lone bid at the auction, giving it total control over the Sheffield57 holding company. After buying the defaulted mortgage loan and senior mezzanine loan, Fortress advanced several million dollars to help pay off common charges and unpaid mechanic's liens that Swig had accumulated. Swig purchased the property for $418 million in 2005 with majority investors Yair Levy and Serge Hoyda.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 40,423
Manhattan, 10036
Fortress Investment Group, CFMDC BWAY HOTEL ACQUISITION LP
...

05/01/2015
The firm’s priciest closed sale was the $17 million pad at 271 Central Park West to the actor Bruce Willis. Compass’ Jay Glazer represented the seller, Wesley Edens, founder of Midtown-based private equity firm Fortress Investment Group...

08/01/2014
In June, Xinyuan Real Estate announced a $165 million loan from Fortress Investment Group at the condo 421 Kent...

08/01/2013
But Rose, which came in at No. 4 in the rankings, has also lost some buildings. AKAM Living Services took over at the Sheffield, a nearly 600-unit condo at 322 West 57th Street previously managed by Rose. Peters said a short-term stay was the plan the whole time; Rose, along with Fortress Investment Group, came in after Swig Equities lost the property to help convert it from rentals...

02/01/2013
That’s because the buyers â€' a partnership of Fortress Investment Group, Atlas Capital Group and Westbrook Partners who purchased the property from long-time investor Eugene Grant â€' could get more aggressive about wooing new tenants in with competitive leasing prices...
Manhattan, 10036
Fortress Investment Group, CFMDC BWAY HOTEL ACQUISITION LP
...