Fortress Investment Group ("Fortress") today announced the close of a $900 million managed commercial real estate collateralized loan obligation ("CRE CLO"). The transaction will support the expansion of Fortress's real estate credit platform.
"This CRE CLO is a natural extension of our real estate credit strategy and increases the capital we have available to deploy in prime real estate lending," said Noah Shore, Global Co-Head of Real Estate Credit. "Bringing this transaction to market allows us to finance a high-quality, diversified pool of loans efficiently while creating a durable, non-mark-to-market capital structure that supports our lending strategy through market cycles."
The initial collateral pool comprises six whole loans and 23 loan participations totaling $900 million, secured by 33 properties across 12 states. Fortress directly originated all the underlying loans. The pool is predominantly multifamily lending, with the balance across retail, industrial, and hospitality.
"This transaction lets us lock in well-priced, term liabilities that complement and further diversify the balance of our financing,” added Spencer Garfield, Global Co-Head of Real Estate Credit. “We saw strong investor demand for the CLO across the capital structure, which we believe reflects both the quality of the collateral and the strength of the Fortress brand and our origination capabilities. We look forward to building on this transaction as we grow our real estate credit platform across the risk spectrum."
The CRE CLO closed on August 28, 2026, and has a 24-month reinvestment period.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager serving institutional clients and private investors worldwide. Founded in 1998, Fortress manages $55 billion of assets under management as of June 30, 2026, across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.
