Apollo Commercial Real Estate Finance, Inc (ARI) announced the sale of its loan portfolio to Athene. The company will now focus on monetizing its four retained REO assets, following a Q4 with $37M in distributable earnings and an $8.8B loan portfolio. ARI is currently evaluating strategic alternatives and its future dividend policy.
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ARI: Loan portfolio sold to Athene; focus shifts to REO assets and strategic alternatives
Apollo Commercial Real Estate Finance, Inc (ARI) announced the sale of its loan portfolio to Athene. The company will now focus on monetizing its four retained REO assets, following a Q4 with $37M in distributable earnings and an $8.8B loan portfolio. ARI is currently evaluating strategic alternatives and its future dividend policy.