Fortress Investment Group to manage the only privately owned rail system in the US, dubbed Brightline

Commuting between Miami and Fort Lauderdale has always proven to be a headache for residents residing in these areas thanks to the significant traffic snarl-ups which occur during rush hour. According to residents, commuting between the two places when there is no traffic takes only half an hour but this time tends to double up during rush hour, and the scenario becomes even worse if there is any event disrupting regular commute. However, this is about to become something of the past thanks to Wes Edens’ Brightline train.

The brightline train will now ease the congestion that was there previously by offering an alternative commute option between the two towns. Additionally, it will be the only rail system that will be privately owned in the United States as it is under the management of the alternative asset management firm, Fortress Investment Group. The route between Miami and Lauderdale was officially launched in 2018 and has received a lot of press coverage thanks to the positive impact it brings to Miami, also known as the magic city. For instance, besides easing congestion significantly, the route also offers an eco-friendly travel option.

Before reaching Miami, the route was serving residents of West Palm and Fort Lauderdale. It now runs between the Magic City and Fort Lauderdale multiple times and starts its first trip from Miami as early as 7.10 AM and closes as late as 11.10 PM. The first departure from Fort Lauderdale takes place at 6.12 AM, and the last one takes place at 9.42 PM. Movement between the two towns will now take approximately 30 to 35 minutes as it eliminates any traffic disruptions. Besides reducing travel times, passengers will also enjoy other complimentary services which will help them take their mind off commuting such as WI-FI, USB and power outlets, eateries and snug leather seats.

Apart from making commuting easy, the Brightline train has further brought a series of changes to the towns it passes through. For instance, it has made residential homes close to the routes more attractive causing the prices of real estate to escalate. For example, more people are now looking to settle in South Florida thanks to the Miami Central station which has brought with it significant developments such as modern residences and eateries.

About Fortress Investment group

Fortress Investment Group is a global asset management firm established by Wes Edens, Randal Nardone, Rob Kauffman and Peter Briger in 1998. The firm which started off managing assets worth $400 million now oversees assets worth over $40 billion for investors worldwide. Fortress Investment group is based in Chicago and has a client base of over 1700 investors in different corporate arenas and is a source of income to over 900 people who are members of its staff.

Visit their website: https://www.fortress.com/