Josh Pack, co-chief executive officer of Fortress Investment Group, has died. He was 51 https://t.co/I3WOmvAIKa ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. SPB Hospitality — parent company of Krystal, Logan’s Roadhouse, J. Alexander’s Kitchen & Bar, and more — has announced the appointment of G.J. Hart as CEO and chairman, effective immediately. The former CEO of both Red Robin and Torchy’s Tacos takes the reins from Josh Kern, who is stepping down to pursue another opportunity in the restaurant industry after nearly seven years with SPB Hospitality. G.J. Hart has served as ...

Group 1 - SPB Hospitality has appointed G.J. Hart as chairman and CEO, succeeding Josh Kern, who is transitioning to another executive role in the restaurant industry [8] - The company is focusing on its core brands, including Krystal, following the sale of several restaurant brands to streamline operations [4][8] - Krystal is exploring various growth strategies post-merger with SPB, including a refranchising initiative and new store designs [5][4] Group 2 - Hart's previous experience as CEO of Red Robin, where he led a brand turnaround, is expected to benefit SPB as it seeks to strengthen its brand portfolio [3][7] - SPB's other brands include Logan's Roadhouse, which has a significant presence in 22 states, and smaller brands like Stoney River and J. Alexander's [6][8] - The company has made strategic divestitures, including the sale of Old Chicago Pizza + Taproom and its brewery concepts, to concentrate on its main dining brands [8]

New England Patriots owner Robert Kraft speaks to media at Gillette Stadium to announce the team's hiring of head coach Jerod Mayo.Robert Kraft, who paid $172 million for the New England Patriots in 1994, has agreed to sell 8% of the NFL team to two groups in a deal that values the franchise at $9 billion, according to two sources who have first-hand knowledge of the deal but are not authorized to speak about it publicly.The money the team will get from selling the 8% stake is going to stay on the Patriots' ...

Group 1 - The author has a background in private credit and commercial real estate (CRE) mezzanine financing, indicating expertise in financial analysis and investment strategies [1] - The author has collaborated with prominent CRE developers, suggesting a strong network and understanding of the real estate market dynamics [1] - The author is fluent in Mandarin, which may provide an advantage in understanding Asian markets and investment opportunities [1] Group 2 - The article does not provide any specific investment recommendations or financial advice, emphasizing the author's personal opinions and research [2][3][4] - There is no disclosure of any current stock or derivative positions in the companies mentioned, indicating an unbiased perspective [2] - The content is intended for general informational purposes and may not be suitable for all investors, highlighting the importance of individual financial situations [3][4]

Core Viewpoint - European Residential Real Estate Investment Trust (ERES) is undergoing significant portfolio changes, including strategic dispositions and a planned special distribution for unitholders, while ceasing regular monthly distributions to maximize returns [1][8]. Previously Disclosed Disposition - ERES has agreed to sell entities owning 1,446 residential suites in the Netherlands for approximately €337.3 million, with an expected closing date of September 15, 2025 [2]. Additional Dispositions - ERES announced approximately €52.8 million in additional strategic dispositions, including the sale of commercial properties in Brussels and Landshut, and a residential property in Rotterdam [1][7]. Special Distribution - ERES intends to declare a special distribution of an estimated €0.90 per REIT unit, payable on September 25, 2025, contingent on the completion of the previously disclosed disposition [5][8]. Cessation of Monthly Distribution - ERES plans to cease its regular monthly cash distributions, with the anticipated final distribution to be declared in August 2025, aligning with its strategy to maximize returns for unitholders [6][8]. Company Overview - ERES is Canada's only European-focused multi-residential REIT, with a portfolio valued at approximately €729.1 million as of March 31, 2025, including 2,594 residential suites in the Netherlands [9].

Charles Cohen personally guaranteed $187.2 million of a $535 million loan. In March 2024, Cohen’s business defaulted.Now, Fortress Investment Group wants to collect. It’s trying to seize the real-estate mogul’s homes, cars and yachts.Read more: https://t.co/M61miYz2l6 https://t.co/ZjXTjeXCrQ ...

Group 1 - The author has a background in private credit and commercial real estate (CRE) mezzanine financing, indicating expertise in financial analysis and investment strategies [1] - The author has collaborated with prominent CRE developers, suggesting a strong network and understanding of the real estate market dynamics [1] - The author is a fluent Mandarin speaker, which may provide advantages in understanding Asian markets and investment opportunities [1] Group 2 - The article does not provide specific investment recommendations or financial advice, emphasizing the author's personal opinions and research [2][3][4] - There is no indication of any current stock or derivative positions held by the author in the companies mentioned, which may suggest an unbiased perspective [2]

Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, plans to defer a July 15 interest payment on its 10% and 12% unrated tax-exempt bonds https://t.co/WVj9U7ZQZ4 ...

Core Insights - SoFi Technologies (SOFI) stock has recently reached a 52-week high of $20, reflecting a +30% gain in 2025 and over +200% increase in the last three years [1][2] Growth Targets - SoFi's management is targeting 30% member growth and 20% revenue growth, aiming to exceed $3 billion in revenue for the current year [3] Subscriber Growth - As of the end of Q1, SoFi reported a record 10.9 million subscribers, a 34% increase from the same quarter last year [4] Revenue Projections - Zacks projects SoFi's total sales to rise 25% in fiscal 2025 to $3.29 billion, up from $2.61 billion last year, with FY26 sales expected to increase another 19% to $3.93 billion [4][5] Market Opportunities - Proposed federal caps on graduate student loans are likely to drive borrowers towards private lenders, potentially expanding SoFi's market share [6] - SoFi plans to re-enter the cryptocurrency market, offering trading, staking, and crypto-backed loans, which may attract investor interest [8] Strategic Partnerships - SoFi has formed key partnerships, including with Capitalize Inc. for retirement services and expanded loan platform agreements with Fortress Investment Group, enhancing its lending capacity [9] Institutional Ownership - Significant stakes in SoFi by institutions like BlackRock, State Street, and Vanguard Group indicate strong confidence in the company's business model, with institutional ownership exceeding 40% [10] Financial Position - SoFi has $2.71 billion in cash and equivalents, with total assets of $37.74 billion, surpassing total liabilities of $31.07 billion, indicating a solid balance sheet [11] Investment Outlook - Despite a recent rally, SoFi holds a Zacks Rank 3 (Hold) and is trading at a 70X forward earnings multiple, suggesting potential for better buying opportunities in the future [12]