Fortress to manage Colony Capital non-digital real estate funds

The $53 billion Fortress Investment Group has signed a deal with Colony Capital, whereby it will become a general partner and manager to Colony’s CDCF series of funds, co-investment vehicles and other non-digital real estate positions totaling $2.7 billion in combined AUM.

According to an announcement of the deal, Fortress will buy certain capital account positions related to a portfolio of 40 positions spanning over 100 properties in Europe and the U.S., paying $535 million.

“We are thrilled to announce this win-win transaction with Colony and look forward to . . .

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