Apollo Commercial Real Estate Finance, Inc. 8K

Apollo Commercial Real Estate Finance, Inc. completed the $9 billion sale of its commercial real estate loan portfolio to Athene Holding Ltd., leaving ARI largely in cash and evaluating new strategies or potential dissolution if no plan is set by year-end.

Apollo Commercial Real Estate Finance, Inc. (ARI) announced that it has completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding Ltd., following approval by holders of a majority of its outstanding common shares at a special meeting on April 21, 2026. After repaying financing facilities, other indebtedness, and transaction expenses, ARI expects to have total assets of approximately $2.2 billion, primarily in cash, corresponding to a book value of $12.05 per share. The company’s management, in consultation with its board and Apollo senior investment professionals, is now evaluating a range of commercial real estate–related strategies to reposition the company, has temporarily reduced the annual management fee rate by 50% and shifted the fee to be paid in stock, and has indicated that if no new strategy or strategic transaction is announced by year-end, Apollo will recommend that ARI’s board explore all strategic alternatives, including a possible dissolution.

Filing Facts

CIK

1467760

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-177686

Alert Tier

8