Apollo Commercial Real Estate Finance, Inc. Announces Entry Into Definitive Agreement to Sell Commercial Real Estate Loan Portfolio

Fried Frank is advising the special committee of the board of directors of Apollo Commercial Real Estate Finance, Inc. (ARI), a publicly traded REIT, in connection with ARI's definitive agreement to sell its entire approximately $9 billion commercial real estate loan portfolio to Athene Holding. Upon closing of the transaction, ARI will emerge as a well-capitalized REIT with a strong balance sheet with approximately $1.4 billion of net cash and a clear runway to design and execute a refreshed strategy.

Read ARI's press release for more information about the transaction, which is expected to be completed in the second quarter of 2026.

The Fried Frank team is led by M&A and Private Equity partners Steven Epstein and Adam B. Cohen and partner-elect Hannah J. Reiner.

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