Fortress Real Developments

A Canadian real estate development company that seeks out opportunities in major markets. Over $6B of built out value currently under development & construction

[Fortress Real Developments @FortressRDI]

An exculpatory, fact based, look at the structure of the syndicated mortgages that in part funded Fortress projects. This website provides a detailed look at the documents & disclosure that outlined fees, risks, relationships and roles –https://t.co/HVp0YJMCHv

[Fortress Real Developments @FortressRDI]

A statement from the counsel for Mr. Petrozza:

[Fortress Real Developments @FortressRDI]

A statement from the counsel for Mr. Rathore:

[Fortress Real Developments @FortressRDI]

@VOSMI1 Hi @VOSMI1, please see the @fortressrdi account for a thread reply to this tweet

[Fortress Real Developments @FortressRDI]

Details matter. We will continue to provide stewardship for the best exit of projects possible. Commentary on two other exits is forthcoming. / 12

[Fortress Real Developments @FortressRDI]

Hi @VOSMI1, ‘secured’ refers to the investment being registered & secured against the land. Evidence of this securitization was provided to each SML via the Land Registry Office. /1

[Fortress Real Developments @FortressRDI]

We hoped for a better outcome on this project for all parties. Delayed approvals and other market forces were certainly factors. A higher payout was offered last year but was challenged in court by investors. Everyone is entitled to their own opinion, but not their own facts/11

[Fortress Real Developments @FortressRDI]

@ronmortgageguy @BenRabidoux @SkyCityWinnipeg @Jawad_Rathore @vincepetrozza An exculpatory, fact based, look at the structure of the syndicated mortgages that in part funded Fortress projects. This website provides a detailed look at the documents & disclosure that outlined fees, risks, relationships and roles

https://t.co/HVp0YJMCHv

[Fortress Real Developments @FortressRDI]

Gaging suitability was the responsibility of provincially licensed third parties and never under the purview of Fortress. More information can be found here https://t.co/HVp0YJMCHv

[Fortress Real Developments @FortressRDI]

Fortress has successfully demonstrated in the past the type of robust disclosure contained in our agreements & contracts. A recent court decision is yet another example of how disclosures regarding risk, use of proceeds and values were suitably made.

[Fortress Real Developments @FortressRDI]

Our portfolio has successfully generated 40+ exits for over half a billion dollars. Certain projects have had challenges that were largely due to adverse market conditions or the insolvency of the original developer/borrower. But disclosures were always in the agreements.