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

About this update from Apollo Commercial Real Estate Finance, Inc

[{"type":"image","alt":"Apollo Commercial Real Estate Finance, Inc.","displaySize":"","headline":null,"caption":"Apollo Commercial Real Estate Finance, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":30,"url":"https://media.zenfs.com/en/globenewswire.com/198b54492cc780b532dc7a2fe8020645"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_8_QkXDMDik3II8jJsk_3A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/198b54492cc780b532dc7a2fe8020645","width":300,"height":30}},"lazy":false},{"type":"text","content":"Transaction Enables ARI to Refresh Strategy and Validates Book Value per Share of Common Stock","length":94,"tagName":"p"},{"type":"text","content":"NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (“ARI” or the “Company”) (NYSE:ARI) today announced the Company has entered into a definitive agreement with Athene Holding Ltd. (“Athene”) to sell the Company’s entire approximately $9 billion commercial real estate loan portfolio for a purchase price based on 99.7% of total loan commitments, net of asset specific CECL reserves, and with the exception of two loans with a combined total principal balance of $146 million that are expected to be repaid prior to closing. Following repayment of ARI’s financing facilities and other indebtedness and transaction expenses, ARI expects to have approximately $1.4 billion of net cash and approximately $1.7 billion of common stockholders’ equity, which equates to approximately $12.05 per share of common stock.   ARI will retain all of the net equity interest in the real estate properties the Company holds, which totaled $466 million as of September 30, 2025.","length":1007,"tagName":"p"},{"type":"text","content":"Under the definitive agreement, Athene has the right to assign the right to acquire the assets to affiliates of and funds managed by Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”) including Athene Co-Investment Reinsurance Affiliate entities. The transaction has been approved by ARI’s board of directors upon the unanimous recommendation of a special committee of independent directors of ARI’s board of directors. The transaction is subject to approval by the holders of a majority of the Company’s outstanding shares of common stock.","length":563,"ta...

More updates from Apollo Commercial Real Estate Finance, Inc