Fortress Real Developments

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 –anexculpatorylookatsmi.home.blog

A statement from the counsel for Mr. Petrozza:

A statement from the counsel for Mr. Rathore:

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

Washing your hands of this eh? But on your glossy term sheets you clearly stated the investment objective was to offer a Secure Investment.

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

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

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

@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 anexculpatorylookatsmi.home.blog

@BenRabidoux @SkyCityWinnipeg @Jawad_Rathore @vincepetrozza @FortressRDI Monsters with balls the size of cannon balls Shout out to the RCMP who seized the the Fortress computers 3 years ago and since then have not done one effing thing

Always looking out for your investors, eh Jawad. You guys have got nerve, I'll give you that. @SkyCityWinnipeg @jawad_rathore @vincepetrozza @FortressRDI mcusercontent.com/f873f0ab03389e…

Gaging suitability was the responsibility of provincially licensed third parties and never under the purview of Fortress. More information can be found here anexculpatorylookatsmi.home.blog

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.

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.