Bisnow/Allen Matkins - Investment Summit LA - Jonathan Klein, Fortress Investment

According to managing director Jonathan Klein, Fortress Investment Group buys properties that the firm believes it can turn without needing to see substantial fundamental growth. A distressed and opportunistic player, Fortress has been active in NorCal but selective in SoCal, where the firm has struggled with office in Orange County and in LA proper has been inactive. Emotionally, Jonathan would like to say that LA is among the next top five markets for investing, but there's probably five other markets Fortress is watching more strongly.