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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