Radical Cut at Apollo REIT: Billions Portfolio Sold, Restart Initiated

Apollo Commercial Real Estate Finance is a publicly listed US mortgage REIT focused on financing commercial real estate. The company primarily provides first-lien secured loans to office, residential, hotel, and logistics properties in the US and Europe, generating its income mainly from interest revenue on variable-rate loans. By being closely tied to Apollo Global Management, one of the world's largest alternative asset managers with a focus on private equity, credit strategies, and real assets, Apollo Commercial Real Estate Finance benefits from...