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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's 'impossible to say the bottom is in' for commercial real estate, says Fortress Co-CEO Drew McKnightHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Drew McKnight, Brian Sullivan, Organizations: CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate has not bottomed yet, predicts Fortress Investment Group co-CEODrew McKnight, Fortress Investment Group co-CEO & managing partner, joins 'Fast Money' to talk the real estate and banking spaces and why he believes commercial real estate is still a big problem for banks.
Persons: Drew McKnight Organizations: Fortress Investment Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFortress’s Drew McKnight and Oaktree’s Armen Panossian on private credit in 2024Drew McKnight, Co-CEO and managing partner of Fortress; Armen Panossian, incoming Co-CEO of Oaktree, join\ 'Fast Money' to talk private credit, the Federal Reserve, macro trends their watching and more.
Persons: Fortress’s Drew McKnight, Oaktree’s Armen Panossian, Drew McKnight, Armen Panossian Organizations: Oaktree, Federal Reserve
May 22 (Reuters) - Abu Dhabi's Mubadala Investment Co will acquire a majority stake in U.S. asset manager Fortress Investment Group from Japan's SoftBank Group Corp (9984.T). Financial terms of the deal were not disclosed, Mubadala and Fortress Investment said in a joint statement on Monday. After the completion of the deal, Fortress' management will own a 30% stake in the company, while Mubadala Capital will hold the rest, according to the statement. Fortress management will hold a class of equity that entails it to appoint a majority of seats on the board. Fortress will appoint Drew McKnight and Joshua Pack as co-CEOs and Pete Briger as chairman, the companies said.
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