Fortress Investment Group has closed a $900m (£666.4m) commercial real estate collateralised loan obligation (CRE CLO).

The CRE CLO’s initial collateral pool comprises six whole loans and 23 loan participations totalling $900m, secured by 33 properties across 12 states, the manager said.

The pool is predominantly made up of multifamily lending, with the remainder spread across retail, industrial and hospitality. Fortress directly originated all the underlying loans in the CLO, the firm added.

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“This CRE CLO is a natural extension of our real estate credit strategy and increases the capital we have available to deploy in prime real estate lending,” said Noah Shore, global co-head of real estate credit.

Overall, global investment manager Fortress has $55bn in assets under management across credit and real estate, private equity and permanent capital investment strategies.

“We saw strong investor demand for the CLO across the capital structure, which we believe reflects both the quality of the collateral and the strength of the Fortress brand and our origination capabilities,” said Spencer Garfield, global co-head of real estate credit.

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The CRE CLO closed on 28 August 2026 and has a 24-month reinvestment period.

The news comes as Fortress priced its third European CLO at €406m (£347m) last month amid “strong demand”.