Wes Edens Sees A Big Future For The Former Brightline Rail System

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

 

Peter Briger Thrives by Making Something Out of Nothing

2007 will be remembered as the breakout year for Fortress Investment Group. It marked the year the private equity firm debuted publicly on the New York Stock Exchange in an initial public offering (IPO). This feat made business professional Peter Briger a billionaire seemingly overnight. At the time, the multitude of shares he owned skyrocketed and maxed out at a little more than $2 billion.

Peter Briger was up but as the saying goes, “what goes up must come down.” After some time his shares began to rapidly decrease in value. In fact, Fortress Investment Group’s stock has only trended downward since the IPO. Today, his shares are worth significantly less. Find out more at patch.com

Although it may seem like Peter Briger is floundering nothing could be further from the truth. His overall net worth has indeed went through the ringer on paper, but he has sustained his standing as an standout individual in the undercover world of special asset investing. His ability to to take a loss and bounce back is a major reason he is so successful.

Peter Briger was recruited to Fortress to help lead the company’s real estate and debt securities ventures. His job was really important at the time, due to the the company seeking out ways to stay ahead of the curve as it pertains to its core private equity business. He has since worked his way up and now serves as both a principal and Co-Chairman of the board of directors at Fortress.

Since the beginning of Peter Briger’s career he’s specialized in distressed debt. He thrives by trading assets that others reject. He has done extremely well for himself following the financial crisis, turning one man’s trash into his treasure. he even refers to his business strategy today as “financial services garbage collection.” A term that perfectly describes the way he’s able to make something out of nothing.

Read more: https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455147/Peter_Briger