Investors in Freedom Checks have a Reason to Smile as a Simple Idea Yields $34.6 Billion

People have ideas just like Matt Badiali had one. What differentiates Matt Badiali from others is that he transformed his idea from paper to work. He is the mastermind behind the Freedom Checks that have recently hit the headlines for quite some time now. It was after Badiali was seen holding a dummy check that was worth $34.6 Billion. The amount was set to be paid to investors that had invested in Master Limited Partnerships.

But what are freedom Checks? Freedom Checks arises in a situation where an individual has invested in a company (Master Limited Partnership). A company that deals with processing, production, and transportation of United States natural resources. Usually, companies whose shares are publicly traded. And later, the investor receives a hefty compensation since the investment is tax-free.

Freedom Checks have been in existence since being legalized 31 years ago by the United States Congress. The recent breakthrough for Matt Badiali was passing of the new tax bill that incorporated freedom checks that are privately traded. The tax breaks will see investors in MLPs smile all the way to the bank.

Master Limited Partnerships are partnerships that have met the requirements of Statute 26-F of the States Federal Law. The requirements grant them a tax advantage over other partnerships. Before becoming an MLP, several requirements need to be met failure to which the tax advantage is denied. Firstly, the MLP needs to be registered under the Statute 26-F of the federal law of the United States. Secondly, its shares should be publicly traded. Thirdly, shares should be owned by ordinary citizens or investors. Lastly, 90 percent of MLP earnings should arise from the United States of America natural resource. Tax advantages can be denied if a partnership has diversified their activities or most of their activities are conducted overseas.

There is worth investing in the energy industry since the investment will always keep growing. Demand for energy and energy-related products will always be in the rise as long as the population is rising. Matt Badiali has been an eye-opener. He is willing to source for Master Limited Partnerships that investors of all ages and races can make an initial investment of $10. And later gain high returns and recurring income after that. Matt Badiali ensures that he sources for MLPs with high earnings but less risk.

Currently, over 500 companies have met the requirements of statute 26-F, and are ready to begin making payments.

Learn more: https://forexvestor.com/claim-freedom-checks

Fortress Investment Group Purchases a Retail Building on Worth Avenue

With a goal of expanding its commercial building portfolio, Fortress Investment Group recently acquired a building on a renowned retail hub. Fortress bought the commercial property, located on Worth Ave, Palm Beach, FL, for $20 million. The company plans to upgrade it to accommodate modern office spaces.

The transaction gained a lot of critical acclaim across South Florida. The building lies adjacent to Hibiscus and Worth Avenue. Fortress acquired it because of its location and potential to generate revenue. The company relied on its affiliates (Hyde Retail Partners and Cold Spring Harbor) to facilitate the purchase. Fortress’ CEO and President, John Kean, said that his company looks forward to upholding the value of the classic commercial property. Read more at zoominfo.com about fortress investment group.

The building’s construction dates back to 1950 and features two stories with over 16,000 square feet of built space. Though the structure sold for less than the owners (Madden Family Associates) were expecting, they hope that it will add value to the business activities undertaken by Fortress Investment Group. Greg Matus, an investment sales expert, managed both sides of the purchase.

About Fortress Investment Group

Fortress operates as an investment management company located in New York City, NYC. The company’s founders include Randal Nardone, Rob Kauffman, and Wesley R. Edens. Fortress started as a private equity venture and later diversified into debt securities, real estate investments and hedge funds. Softbank, a leading Japanese tech investment firm, acquired the company back in February 2017 for $3.3 billion.

After Fortress Investment Group became an NYSE traded company in 2007, it made history being the first publicly traded private equity company in the US. The company has liquid hedge funds, credit funds and private equity alternative assets valued at over $70 billion under its management. The firm’s private equity investments include CW Financial Services, Penn National Gaming, Capstead Mortgage Corporation, and Eurocastle Investment Limited.

Fortress is notable for allocating private funds to the development of commuter rails in Florida State. Since it started operating in 1998, Fortress managed to gain several accolades. They include 2014 Management of the Year recognition by HFMWeek and 2014 Hedge Fund Manager of the Year recognition by Institutional Investor.

Find out more: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=666715

 

A 3.3 Billion dollar investment that is about to change the Fortress Investment Group

The acquisition of the Fortress Investment Group by SoftBank marked yet another transition for the group from a publicly traded company to a private company. The deal has been in the works for the last two years, but the various legal and financial requirements needed to be ironed out in order to ensure a smooth transition. SoftBank the Tokyo based investment bank has been on a diversification spree and as such required a well-structured company that would help them fulfill this dream. The Fortress Investment Group were ideally placed to take on this role and as they offered a 39 percent premium on the share price opting to buy them out for 3.3 billion dollars.

This deal worked well for both of them SoftBank now had a launch pad for its entry into the American market while the Fortress Investment Group had renewed financial muscle that would enable them to become even more aggressive in their investment. The portfolio held by Fortress is quite impressive by all measures. They own Brightline, a private railroad operator that recently opened the Miami – Palm beach private passenger train. This route is one of those considered too short to fly yet too long to drive. This unique characteristic of such routes is what Brightline is seeking to tap into. The acquisition of Brightline falls under the group’s Transport and Infrastructure portfolio.

There unique investing strategy was also felt when in 2009 after the subprime mortgage crisis, they opted to buy AIG at a time when it was almost collapsing. The deal would cost The Fortress Investment Group 125 Million dollars, but today the company has not only recouped its investment, but what was formerly AIG has metamorphosed into SpringLeaf Financial Limited a company with more than 14 billion dollars assets under management.

As part of the deal, SoftBank had to make some concessions. They agreed that the running of Fortress would be left to the existing board which means that the founding members retain their positions. This will also be subject to the fact that they will also continue injecting profits back into the group while ensuring it continues to enjoy the growth it had previously. Fortress is now no longer listed on the New York Stock Exchange, where it traded as FIG. This means that the board together with its management will have a free hand to make certain investment decisions without the need to go back and convince shareholders of the same.

LinkedIn: https://www.linkedin.com/company/fortress-investment-group