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Fortress's biggest fund is withering.
Fortress's plight reflects the ills plaguing much of high finance.
The county, swayed by Fortress's long track record in owning golf courses, approved the deal.
American Golf's letters, which Fortress helped draft, promoted Fortress's "considerable experience with companies like ours".
Los Angeles County took longer to scrutinize Fortress's background before granting approval.
"Therefore, all the potential intervention on the fortress's exterior had to be minimised".
To seal the 2013 deal, the letters included Fortress's annual report showing its "substantial resources".
Fortress's freight trains park there to exchange crews, delaying traffic and prompting local outcry.
Some analysts have said that Fortress's interests may not necessarily be aligned with Brookdale's.
Revenue for Fortress's private equity business fell to $36 million from $96 million a year earlier.
Fortress's subprime lender, Springleaf Financial, acquired OneMain from Citigroup last year and took its name.
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