When New Residential Investment Corp started in business many years ago, they knew they wanted to increase their residential property portfolio tremendously and they sought out investors who would back up their purchases. These investors understood that the management team at this company were all professional and knowledgeable in this industry and they wanted to get in on the ground floor. The company started by purchasing mortgages from traditional lending sources in order to gain many properties. New Residential Investment Corp has increased their business to such heights that they have now decided that they are going to release stocks in their company to anyone who wants to make an investment.
They recently put their company out to the public and the response has been very good. In the first few weeks of this offering, the price of their stocks has gone up and industry insiders believe that it will just continue to climb. The Board of Directors at New Residential Investment Corp is excited about this new venture they are going into and see it as a positive move for their company. They feel that with sound investments that they are making, they will continue to not only increase their inventory but their revenue. New Residential Investment Corp has recently begun to invest in commercial properties as well and these new investments are proving to be well worth it. They are currently looking at several condominium complexes for investing and other commercial real estate.
New Residential Investment Corp invests in mortgages at a low interest rate and they collect the payments that owners make each month. Since they pay at a much lower interest rate, their return on the investment is quite high. Many other mortgage investment firms are watching what New Residential Investment Corp is doing and have modeled their businesses after them. If you are considering investing in the stock market, you may want to look at the stock prices for New Residential Investment Corp. You will see that the initial offering price was much lower than it is currently selling for. Since the stock price is still relatively low, you may want to invest in it now before it increases. Those experts who watch the stock market are predicting nothing but increases in this stock over time. New Residential Investment Corp is hoping that by offering their stock to the public, it will allow more investors to work with them.
Peter Briger is the incumbent president of the Fortress Investment Group, a leading investment manager globally. He also serves as a Co-Chairperson of the company’s board of directors. Being a finance and investment guru, Peter belongs to the Forbes top 400 business professionals internationally.Before leaving to Fortress Investment Group, Peter Briger had been serving at Goldman Sachs & Co., as a partner. On arrival at Fortress, Briger’s impact could not be ignored. Under his management, Fortress Group’s Assets under management skyrocketed from a meager $3.9 billion to the highs of $32 billion by 2007. This saw the firm announcing its first Initial Public Offer (IPO) despite being a private equity company of a large magnitude. This event made history and what followed was other investment firms of its type imitating the innovative move.
Peter obtained his undergraduate degree at the Princeton University and later proceeded to pursue his Master in Business Administration at the University of Pennsylvania’s Wharton School of Business. He later began his professional career in finance at the Goldman Sachs Co., where he served in a variety of leadership, operational and management roles.With the help of theoretical knowledge that he had acquired during his pursuit for both Bachelor’s and Master Degree, Peter Briger managed to gain extensive expertise and skills at Goldman Sachs, which was an investment banking company. He was able to develop and boost his proficiency in real estate, foreign investments, trading, loans and distressed debt. His accurate intelligence in finance later saw him become a partner at the renowned investment bank. Later, he made his next move to Fortress Investment Group where he became and still is, a co-Principal.
During his fifteen years that Peter Briger worked for Goldman Sachs, he gained wide knowledge and experience. This is what assisted him to raise Fortress Group to incredible heights that no one anticipated. For instance, under his able leadership at the company, Fortress has received numerous industry accolades, especially between 2010 and 2015. The company’s assets under management have also increased to an excess of $65 billion. These assets belong to both private and institutional investors.One outstanding attribute about Peter Briger is that besides his professional commitments, he also serves other roles that are focused towards the improvement of the society. Peter engages in philanthropic activities that mainly focus on providing quality education, alleviation of poverty and also helping needy children that come from marginalized communities.