Real Estate Equity
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We target mid-sized opportunities where our institutional approach and differentiated asset management capabilities drive value creation for our investors
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We have invested over $10 billion of equity globally across more than 400 real estate transactions
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We passionately care about our investments and believe the rigor of our processes leads to enhanced outcomes
As of December 31, 2023.
Target Verticals
“We are tough minded investors, driven by data over sentiment. We passionately care about making great investments as they reflect upon our intellect, work ethic, and integrity. Fortress is a place of like-minded individuals, and we benefit from the rigor of our investment processes and our global platform.”
Tom Pulley
CEO of Global Real Estate
Case Study
Frenchman’s Reef
- Fortress acquired the 486-key Frenchman’s Reef Resort in St. Thomas, US Virgin Islands
- The property was built in 1973 and operated until heavily damaged by two hurricanes in 2017
- We acquired the resort for just $35 million, from a prior owner undergoing corporate liquidity challenges
- Post-acquisition, we invested $264 million to complete a comprehensive renovation, building upon our prior experience in the Caribbean at the Westin Grand Cayman
- The resort held its grand opening in January 2024, officially restoring an iconic property back to its place of prominence in the Caribbean
The Revival of Frenchman's Reef
Investment Strategies
Global Opportunistic Real Estate
We acquire turnaround assets across our target verticals. Prior to acquisition, these assets are typically in need of renovation and/or have broken capital structures. After acquisition, we seek to make substantial improvements to generate durable income and attempt to maximize value
US & European Core+ Real Estate
We manage strategies focused on similar product types and themes as our opportunistic strategies, but with a longer-term investment horizon that has the potential to capture more income growth alongside capital appreciation
Japanese Income-Oriented Real Estate
We focus on acquiring long-term leased assets via corporate sale-leaseback transactions, senior housing properties and selective credit investments
Perpetual Public Capital
Fortress owns Consonant Investment Management, which acts as the external manager of Invincible Investment Corporation, the largest hospitality-focused J-REIT
Capital Deployed Breakdown
Since 2020, the Fortress Global Real Estate team has invested over $4.3 billion of equity globally
Our sourcing capabilities, underwriting expertise, and experienced asset management allow us to remain flexible across product types and geographies, maximizing risk-reward.
As of December 31, 2023.
Global Scale,
Middle Market View
Our institutional approach to middle market opportunities seeks to provide a competitive advantage in sourcing, structuring, financing and executing on investments
Flexible
Capital Solutions
Our deep experience across the capital stack including preferred equity, common equity and public company financings enables us to identify what we believe are compelling risk-adjusted entry points for investments
Data-Centric
Processes
We believe we are tough-minded investors that value data over sentiment and mine our experience to glean proprietary insights
Differentiated
Asset Management
Since 2018, almost all our investments have been made without operating partners. We believe having greater control results in better investment outcomes
Real Estate Specialties