Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a commercial mortgage real estate investment trust that primarily originates, invests in, acquires and manages senior performing commercial real estate mortgage loans, commercial mortgage-backed securities and other commercial real estate-related debt investments throughout the U.S. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with over $110 billion of assets under management at September 30, 2012.
NEW YORK, NY -- (Marketwired) -- 11/15/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the closing of a $50 million mezzanine loan secured by a pledge of the equity interests in a borrower that owns a portfolio of seven office parks throughout Florida. With the closing of this mezzanine loan, ARI's commercial real estate debt investment activity year-to-date totals $481.4 million.
The office parks comprise 36 buildings totaling approximat...
NEW YORK, NY -- (Marketwired) -- 11/04/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today reported financial results for the three and nine months ended September 30, 2013.
Third Quarter 2013 Highlights
Generated $18.8 million of net interest income from the Company's $843 million investment portfolio, which had a current weighted average underwritten internal rate of return ("IRR") of approximately 12.9% and a levered weighted average ...
NEW YORK, NY -- (Marketwired) -- 10/15/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the purchase of $47 million of mezzanine participations secured by a pledge of the equity interests in a borrower that owns a healthcare portfolio consisting of 193 skilled nursing facilities, long-term acute care hospitals and senior housing facilities. The transaction represents ARI's first investment in the healthcare sector.
The mezzanine participat...
NEW YORK, NY -- (Marketwired) -- 10/11/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company will hold a conference call to review its third quarter financial results on Tuesday, November 5, 2013 at 10:00 a.m. Eastern Time. The Company's third quarter 2013 financial results will be released after the market closes on Monday, November 4, 2013. During the conference call, Company officers will review third quarter performance, discuss ...
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