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SEC Filings
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. filed this Form 8-K on 02/28/2017
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Slide 7

Commercial Real Estate Debt Portfolio Overview Net Invested Equity at Amortized Cost Basis(1) Geographic Diversification by Net Equity Property Type by Net Equity Subordinate loans include CMBS, held-to-maturity and are net of participations sold of $85.0 million. ARI presents the participations sold as both assets and non-recourse liabilities because the participation does not qualify as a sale according to GAAP. Other includes ski resorts, a data center and indoor water-park resorts. Gross Assets at Amortized Cost Basis(1)