Apollo Commercial Real Estate Finance, Inc. enters into definitive agreement to sell $9b CRE loan portfolio to Athene Holding

New York, NY Fried Frank is advising the special committee of the board of directors of Apollo Commercial Real Estate Finance, Inc. (ARI), a publicly traded REIT, in connection with ARI’s definitive agreement to sell its entire $9 billion commercial real estate loan portfolio to Athene Holding. Upon closing of the transaction, ARI will emerge as a well-capitalized REIT with a strong balance sheet with $1.4 billion of net cash and a clear runway to design and execute a refreshed strategy.

The Fried Frank team is led by mergers and acquisitions and private equity partners Steven Epstein and Adam Cohen, and Hannah Reiner.

Tags: Brokerage New York City

Reprint

Previous Story Next Story

Investment Property Realty Group’s Team Friedman closes five Bronx sales totaling $5.3 million

Bronx, NY Investment Property Realty Group’s (IPRG) Team Friedman closed five sales totaling $5.3 million in the month of September. • 1707 Melville St. sold for $1.35 million. Located in Van Nest, the property

Lee & Associates NYC arranges 1,350 s/f Williamsburg lease for Molly Tea

TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion

CBRE arranges $30 million sale of former industrial building into converted multifamily property

CBRE arranges $30m sale of former industrial building into converted multifamily property

Endeavor Real Estate Group arranges $6.3 million sale of Fox Run Apartments

Endeavor R.E. Group arranges $6.3m sale of Fox Run Apts.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

The Orchard unveils over 100,000 s/f of amenities by HMWhite and McCarten

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of