Apollo Commercial Real Estate Finance to Sell $9 Billion Loan Portfolio to Athene

Reuters01-28
Apollo Commercial Real Estate Finance to Sell $9 Billion Loan Portfolio to Athene

Apollo Commercial Real Estate Finance, Inc. has entered into a definitive agreement to sell its approximately $9 billion commercial real estate loan portfolio to Athene Holding Ltd. for a purchase price based on 99.7% of total loan commitments, net of asset specific CECL reserves. Two loans with a combined principal balance of $146 million are expected to be repaid before the transaction closes. Following the sale and repayment of financing facilities and expenses, ARI expects to retain about $1.4 billion in net cash and roughly $1.7 billion in common stockholders’ equity, which is approximately $12.05 per share. The company will keep its net equity interest in its real estate properties, totaling $466 million as of September 30, 2025. ARI’s management will evaluate new commercial real estate strategies and consider strategic opportunities for repositioning the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Commercial Real Estate Finance Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9644007-en) on January 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment