Fortress Investment Group is known for making some interesting investments and one of their latest appears that it may be paying off in a big way very soon. Recently, Wes Edens, co-founder of Fortress, and spokespeople from the company announced that not only is their rail system Brightline teaming up with Virgin, but they also announced a potential Initial Public Offering that should be coming out relatively soon once it is approved. All of this is good news for investors who are interested in the largest passenger rail system in the United States that has big plans to grow to other cities and even other states.
More about of Wes Edens at Bloomberg.
While some people may not have trusted the investment that Wes Edens has been supportive of, things are already starting to show a lot of promise as ridership keeps increasing as time goes on. People are tired of having to sit in traffic or deal with the hassle of flying and the passenger rail system is offering a new alternative that is not only fast but comfortable. Some of the amenities that Brightline, now known as Virgin Trains USA, features are wi-fi, charging ports, and even food for their passengers. They believe that you should be able to relax during your commute instead of being stressed until you get home.
Wes Edens is a busy entrepreneur after recently opening a popular new ski resort known as Caldera House along with his duties as Milwaukee Bucks co-owner. Fortress Investment Group and Virgin Trains USA are not saying how many people have ridden their trains so far, but they do predict that this number will be around $6.6 million each year after they are established. This is big news and may do a lot to alleviate some of the traffic on the busy roads of Florida and beyond.
Wes Edens graduated with a degree in Finance and Business Administration from Oregon State University in 1984. In 1998, he co-founded Fortress Investment Group with the company’s other principals. In 2014, he became a partial owner of the NBA team the Milwaukee Bucks and is also on the board of other organizations.
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