Apollo REIT To Focus On CMBS

Posted by Orb Staff on July 17, 2009 No Comments
Categories : Commercial Mortgage

rities and Exchange Commission [link=http://www.sec.gov/Archives/edgar/data/1411494/000119312508077312/ds1.htm#ibc38793_16][u]filing[/u][/link] by Apollo Global Management shows that the company is planning to raise $600 million in a public offering of shares in its commercial property fund. Apollo Commercial Real Estate Finance will be organized as a real estate investment trust (REIT) and have a focus on properties in major cities, according to the filing. The REIT plans to buy commerical mortgage-backed securities. JPMorgan Chase will underwrite the stock, and Joseph Azrack will serve as CEO of Apollo Commercial Real Estate Finance. SOUR

Register here to receive our Latest Headlines email newsletter

Leave a Comment