Fortress Acquires DigitalBridge DCVR Assets and BrightSpire Development Assets for ~$730M

December 22, 2021

Affiliates of Fortress Investment Group completed acquisitions of non-digital real estate assets and fund interests from DigitalBridge Group and five historical development/non-accrual assets from BrightSpire Capital for total consideration of approximately $730 million. The transactions make Fortress the general partner/manager for DigitalBridge's DCVR series and accelerate BrightSpire's portfolio rotation by selling select assets to Fortress.

Buyers
Fortress Investment Group LLC
Targets
DigitalBridge Group, Inc. (DCVR series funds and non-digital real estate positions), BrightSpire Capital, Inc. (five historical development/non-accrual assets)
Sellers
DigitalBridge Group, Inc., BrightSpire Capital, Inc.
Industry
Real Estate
Location
United States
Transaction Type
Divestiture

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