One of the latest projects for Fortress Investment Group outside of their leading alternative investment services is the opening of a new train system known as Brightline. Brightline will be the only train system in the United States in operation that is privately owned and open to the public. Currently, the train system runs through some of Florida, specifically between Fort Lauderdale and Miami. For residents of these cities, commute times are significantly reduced, especially during high traffic times where travel can take upwards of two hours. Fortress Investment Group has only just begun with this new train system and has plans to spread all over the country.
As it stands, Brightline is still in production and testing, so it will be a few years before it is fully ready to start expanding safely into new areas. Fort Lauderdale and Miami is a good starting point for the Brightline train system because there is a large number of commuters that travel between these cities. Without traffic, commuting between these two cities takes about the same amount of time by car as it does by train. Because the Brightline train system will help many people get to travel more quickly during peak hours, it will also help typical traffic on the roads by cutting down on the number of people driving to and from each day. This impact will be much more noticeable and effective when the Brightline train system spreads to more cities around the United States. SoftBank Group Completes Acquisition of Fortress Investment Group.
Fortress Investment Group has had a ton of support up until this point with their Brightline project and things are looking bright for the future of the project. This new project is a big step in a very different direction for Fortress Investment Group, which was initially started up back in 1998 as an investment company by Randal Nardone, Rob Kauffman, and Wes Edens. Today, Fortress Investment manages more than 60 billion dollars worth of assets. There are thousands of investors out there that have put a stake in Fortress Investment Group and now is as good a time as any since the outlook for the company looks excellent.
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