Fortress Investment Group on Monday announced the launch of Fortress Real Estate Exchange, a new 1031 exchange platform designed to provide advisors and their clients with access to institutional‑quality real estate investments through Delaware Statutory Trusts. Offerings from Fortress Real Estate Exchange will be structured to provide investors with flexibility in exit, particularly by avoiding mandatory UPREIT structures.
“The opportunity set within the real estate sectors that Fortress Real Estate Exchange is targeting is robust, with new supply for senior housing, student housing and multifamily well below peak levels and demand remaining strong,” said Eli Edwards, head of U.S. real estate equity at New York City-based Fortress.
In connection with Fortress Real Estate Exchange, Fortress has selected Orchard Securities LLC to act as dealer-manager for future offerings, Baker McKenzie to provide legal advice, EA RESIG, LLC as fund administrator, and LODAS Markets, Inc. as transfer agent.
