/

|

Fortress Investment Group today announced the completion of two industrial outdoor storage (“IOS”) refinancings totaling $708 million. The transactions included a $493 million first-of-its-kind single-asset, single-borrower (“SASB”) CMBS loan, in addition to a $215 million balance sheet loan. Both transactions were completed by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”) on June 7, 2024, with financing led by Deutsche Bank.