ARI: Loan portfolio sold to Athene; focus shifts to REO assets and strategic alternatives

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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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