It is quite frustrating to commute between Miami and Lauderdale. Due to this fact, most Florida residents drive. During the rush hour, a drive that would usually take 30 minutes with little or no traffic could easily take an hour. SoftBank to Buy Fortress Investment Group for $3.3 Billion. It is even worse where there are instances that involve a car accident, or any type of traffic disruption. Such a disturbance could last for a few hours. However, Fortress Investment Group has come to rescue the situation.
To the rescue of precious time lost in traffic, Fortress Investment Group’s Brightline train has been established to provide a faster and more convenient option for those who are travelling between the two major South Florida cities. Brightline services in Miami was first rolled out on the 19th of May, 2018. Brightline has established routes between Fort Lauderdale and Palm Beach since the beginning of the year.
Having services expanded on to the Magic City is a substantial step in reducing traffic and providing better and eco-friendly solutions to commuters. These trains come with a lot of goodies for commuters including fast Wi-Fi, leather seats, USB ports and wide aisles not to mention the amazing food service and lounges.
Fortress Investment Group, which owns Brightline, is inspired to implement this type of rail service across multiple cities in the US. Fortress Investment Group’s co-founder and co-chief executive officer, Wes Edens, says that he has plans to extend the West Palm Beach- Miami route, 235 miles out to Orlando. The train could reduce the travel time between the two cities down to less than two hours with projected speeds of up to 125 miles an hour in a few years.
Wes Edens is also interested in connecting Houston and Dallas with a Brightline route and is even considering other routes like Atlanta to Charlotte and Chicago to St. Louis. There were also rumors that Wes Edens would consider connecting Chicago and Milwaukee. This route is, however, unlikely because additional train services are much more needed elsewhere.
Brightline’s endeavours and future strategies are also anticipated to escalate real estate prices in areas served by the train stations. As the service continues to become more popular among customers, residential apartments in interconnected cities will also become more attractive.
Fortress Investment Group is a well renowned firm that provides financial expertise and also services investment management. Fortress Investment Group is located in the New York City in United States. The company is a LLC in category and is globally recognized for its investment management services. They have planned strategy specially designed for providing solutions of all sorts of investment related problems. The firm is especially renowned for its services like managing assets, managing private equity, liquid hedging funds and managing credit funds for their clients. The firm was founded by the five top billionaires who are even featured in Forbes billionaires list. Randal Nardone, Wes Edens, Rob Kauffman are the three of the five founder of Fortress Investment Group and each one of the members are experienced in investment marketing.
Their vision was to form a firm that specializes and provides the best investment plans to the clients and their main method was to approach with an alternative asset technique feature to provide and manage the private equity more efficiently and further invest into high tech mechanism. The company is also praised for the way they handle acquisitions and mergers. Fortress was founded in January, 1998 categorized as a private equity firm. The major operations that the company is involved in regularly are its credit and private equity and the Capital vehicles division. Since then it has grown immensely in the marketplace and made its name as one of the leading investment houses and asset management firm.
The company has a board members committee and a team of management professionals and external and internal stakeholders. Fortress Investment Group can guide its clients to achieve the right amount of finance by investing from equity markets. It has built several ways of achieving their desired earnings value through intricate investment techniques. Credit sector of Fortress Investment Group was formed in the year 2002.The main job of the private equity sector of the company was to generate healthy and adequate cash flow from all the investments it made. The company was also further involved in the financing sector of the emerging real estate industry.
Wesley Robert Edens also known as Wes Dens is one of the richest men in the world. He was born on 30th October in 1961 and raised in the New York city. He is a private investor based in the United States of America. Wesley also owns a basketball team known as the Milwaukee Bucks located in Milwaukee, Wisconsin. This team has attained the requirements to become a National Basketball Association(NBA). He co-founded this team with Marc Lasry. Alongside his great partners Peter Briger, Robert Kauffman, Randal Nardone and Michael Edward they co-founded the Fortress Investment Group in 1998.
The Oregon State University graduate has made tremendous growth both in his career and financially. He undertook his bachelor’s degree in Finance and Business Administration and graduated in 1984.His career took off in 1987 at Lehman Brothers, while he was here he worked tirelessly and in 6 years he became a partner and a director until 1993.Afterwards he joined BlackRock’s private Investors and he worked as a partner and a director. In 1998 he joined up with his partners in cofounding Fortress Investment Group.
Wesley is a risk take in his business ventures and an innovative financing. By 2007 the company took an initiative to become a public company and held private and public assets. In 2006 Nomura Holdings bought 15% of Fortress the five partners became billionaires. In 2009 Eden was made a Co-chairman of the Board of Governors. In his tenure he worked to lower the price of their products. He later on became the Chairman of Fortress Transportation and Infrastructure.Eden led Fortress in acquiring 80% of Springleaf Financial Services which boosted the profit tremendously. Springleaf helped Fortress improve their financial services. Eden has other leadership positions outside Fortress such as he is the Chairman to Nationstar Mortgage. Eden is married to Lynnand together they have four children. He likes mountain climbing.
Recently, Wings Journal published an article entitled, “The Rundown: Billionaire Chris Burch’s Sumba Island Overhaul”. The following is a recap of that aforementioned article.
Chris Burch is a billionaire and fashion mogul. So why is his name becoming synonymous with the island of Sumba? It’s because he created a five-star resort there in the year 2015. The name of the resort is Nihi and it is located in an extremely remote area without much inhabitation by humans. Sumba itself has very little contact with civilization outside of the island and most of it is undeveloped (http://nihi.com/our-story/).
In the article from Wings, its’ said that Nihi was once known by the name of Sandalwood Island.
Burch visited Nihi in 2012 when it was originally owned by Mr. James McBride, a hotelier. After purchasing the property, Chris Burch put over $30 million into upgrading and renovating it. Fortunately, the design of the resort itself is very low-impact on the environment around it, keeping the spirit of the island wild as it was intended to be. It is said in the Wings articles that visitors appreciate the untamed wilderness of Nihi and Sumba island as a whole and most enjoy exploring the undeveloped areas.
Chris Burch is the founder and CEO of Burch Creative Capital. He is from New York City and is also known as an angel investor. He is also well known for being a co-creator of the luxury fashion line known as Tory Burch. Chris Burch is involved in a variety of businesses and investments spanning a variety of industries, see entrepreneur.com.
As an investor and an entrepreneur, each person has his or her line of interest. For Chris Burch, he has made investments in the fashion industry where his interests are. Through determination and grit, he has grown to be a great entrepreneur in the fashion industry. His start was small as he began selling clothes while still a student but later grew to sell beyond and his operation to selling clothes in stores.
The venture grew to the extent that he starts his own fashion company namely Christopher Capital in the early twenty-first century. Therefore, he has grown a fashion industry which over the years has gained a reputation in the United States and beyond. As a result, he has grown to be one of the great distributors of fashion to many.
The achievements he has gained opened doors for more channels in entrepreneurship. He has been able to conjoin with other investors for other opportunities. His partnership with other professionals such as with one of the known architect, has led to the venture in real estate. In real estate, he has managed to invest and do several projects which have paved the way for his growth in business. Through this venture, he has managed to bring a new face to the society by the building of new properties and even renovating of old ones.
Burch is a jack of all trades. He has ventured into many businesses which other than those of investments involving money and knowledge and skills, he expresses talents to. For several years, he has been a great producer in the filming industry. Through the investment in production, many have been able to unleash their acting skills and have had the opportunity to make their careers. He has also entertained the public through the movies he has produced which make the society livelier.
In conclusion, it is evident that Chris Burch is an entrepreneur who has proved that small starts can result to great ends. He is an entrepreneur who has greatly impacted the economy of the United States through his businesses (entrepreneur.com). He has changed the lives of many both directly and indirectly. He has employed many people over the years bringing change to the community. His fashion industry and distribution have made many appearances in their best as he has ensured people wear their taste and the clothes are affordable to all classes of people. Therefore, he is an investor who brings a difference to the country at large.