Apollo Commercial Real Estate Finance, Inc. Overview
Pro stress-test →Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $938 billion of assets under management at December 31, 2025.
Strategic Profile
Pro stress-test →In April 2026, Apollo Commercial Real Estate Finance completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding Ltd. Following repayment of financing facilities and other indebtedness, ARI's total assets, consisting primarily of cash, totaled $2.2 billion, equating to a book value per share of $12.05. Management is evaluating a range of commercial real estate–related strategies designed to reposition the Company, with the goal of delivering attractive returns to ARI shareholders on a go-forward basis.
Competitive Landscape
Pro stress-test →Apollo Commercial Real Estate Finance operates in the commercial mortgage REIT space with primary competition from other CRE-focused REITs and lenders. The sale of its loan portfolio marks a significant strategic departure, positioning ARI to compete on capital management and potential new commercial real estate investment strategies rather than legacy loan origination. Major competitors in the broader CRE lending space include Blackstone Mortgage Trust, Starwood Property Trust, and Arbor Realty Trust, though ARI's post-transaction focus remains undefined.
Industry Context
Apollo Commercial Real Estate Finance, Inc. operates in Real Estate Investment Trusts (REITs) - Commercial Real Estate Finance.
Key facts
Founded: 2009 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A