Apollo Commercial Real Estate Finance
Don't envy my great retirement -- Join the fun!
Click to discover my secret to ever-growing income from investments for life -- whether the stock market goes up or down
Apollo Commercial Real Estate Finance Inc (NYSE: ARI) is a REIT focused on originating, investing in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities (CMBS), commercial real estate corporate debt and loans, and other U.S. commercial real estate-related debt investments.
Apollo Commercial Real Estate Finance Hopes to Find Bargains Following the Financial Crisis
Apollo Commercial Real Estate Finance is externally managed by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, LLC. This basically means they were formed by Apollo Global Management to take advantage of the opportunities in the U.S. commercial real estate debt market following the financial crisis of 2008.
Joseph F. Azrack is the Chief Executive Officer.
Apollo Commercial is a new company. It just completed its Initial Public Offering September 23, 2010. It issued a total of 6,900,000 shares and raised $110 million.
However, another mortgage REIT company -- Colony Financial (NYSE:CLNY) had its IPO on the same day. Neither company reached its goals. Apollo had planned to sell 20 million shares for around $20.
Apollo Commercial Real Estate may be able to find bargains in commercial real estate lending, with today's economy still trying to recover from the recession, financial crisis and credit crunch.
Next: Colony Financial -- buying up debt from the Federal Deposit Insurance Corporation
Now download The Death of Capital Gains Investing, your first step toward experiencing for yourself the joy of securing your retirement through income investing!
It's easy. Just enter your first name and email address into the form below.
(NOTE: After you click the button, you'll be taken to a thank you page with the link to download your free report.)
Copyright 2007-2017 by Gold Egg Investing LLC. All rights reserved.