Takeaways by Bloomberg AI
- Fortress Investment Group plans to sell two resorts on St. Thomas in the US Virgin Islands through a deal financed by municipal bonds.
- The investment firm is selling Frenchman’s Reef to an affiliate of the Community Finance Corp, which will acquire the property using proceeds from a muni sale.
- When the debt is repaid, USVI will become the owner of Frenchman’s Reef, with the securities due to mature in 2055.
Bloomberg Markets
By Martin Z Braun
November 26, 2025