New York-based Fortress Investment Group, which owns Brightline via its Florida East Coast Industries (FECI) unit, has pursued a strategy of mixing its infrastructure play with large-scale, real estate investments. Coral Gables-based FECI has developed multifamily and office buildings near Brightline stations and sold most of these projects to institutional investors at nine-figure prices. It also has a sizable portfolio of land and real estate holdings along the train line, though some industry players see FECI beginning to take a step back from these assets.