Fortress to invest $540m in Leoplace21.

Fortress Investment Group, an investment fund, agreed to invest $540m in Leoplace21, a real estate rental services provider. The investment by Fortress comes as Leopalace21, which leases affordable apartment units for their owners. Leopalace21’s balance sheet had been squeezed by costs relating to repairing apartment buildings and falling rental income due to weaker demand due to the from the outbreak of the coronavirus.