I read today that Fortress Investments purchased over 100,000 affordable units from the Japanese government for 60bn JPY in 2017 and plans to spend about as muc

I read today that Fortress Investments purchased over 100,000 affordable units from the Japanese government for 60bn JPY in 2017 and plans to spend about as much on renovation. [1] Apparently firms like this usually expect an 18% return on these kinds of investments. [1] https://www.wsj.com/articles/fortress-becomes-japans-biggest-private-apartment-landlord-with-1-billion-bet-11560855602 https://www.wsj.com/articles/fortress-becomes-japans-biggest...