One of the most recent and large investments that Wes Edens and Fortress Investment Group is the Brightline train system. It was recently announced that Fortress and the Virgin Group will be working together to promote and expand the rail system which will be rebranded to Virgin Trains USA. This is big news to investors, commuters, and business owners around the service area as it is providing a different way to travel that isn’t the like usual experience that people have on trains.
On top of the big rebranding announcement, Fortress and Wes Edens had even more news as paperwork was filed in order to create an Initial Public Offering for the rail system that has investors talking. Virgin Trains USA announced that it would begin trading shares publicly after filing an S-1 form earlier in 2018. While spokespeople from Brightline were not able to comment on the development because of federal security laws, this is a normal part of the development for these types of transactions until approval is fully reached. Read more about Wes Edens at Industrial Areas Foundation.
Wes Edens believes that the company is highly scalable as the first large scale private passenger rail system in the United States. With the help of Virgin, expansion may be a lot less complicated as Virgin has experience with a rail system in the United Kingdom. Everyone involved believes that it will be a great economic opportunity and will provide a more comfortable way to travel. They hope to be able to connect even more metropolitan areas with their rail system which could potentially reduce a lot of the traffic congestion on the road in these areas.
Currently, Brightline has stops in Fort Lauderdale, West Palm Beach, and Miami, but Wes Edens has plans to expand it to both Orlando and Tampa as well. While the rail system is currently just in Florida, there are talks to build systems in other states such as Texas in the future. While they have not released statistics stating just how many riders have used their system, they stated that it has gone up significantly throughout 2018. Things look good for their future IPO.
See more: https://en.wikipedia.org/wiki/Wes_Edens