SaleApr 24, 2026, 09:01 AM
ARI completes $9B loan portfolio sale; $2.2B assets, $12.05 book value
AI Summary
Apollo Commercial Real Estate Finance (ARI) completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding Ltd. The transaction, approved by stockholders on April 21, 2026, resulted in ARI's total assets, primarily cash, totaling $2.2 billion, with a book value per share of approximately $12.05. Management believes the sale delivered a compelling premium to stockholders and is now evaluating new commercial real estate strategies, with a 50% reduction in the annual management fee paid in stock during this period.
Key Highlights
- Completed sale of $9 billion commercial real estate loan portfolio.
- Stockholders approved the transaction on April 21, 2026.
- Post-sale, total assets are $2.2 billion, primarily cash.
- Book value per share is approximately $12.05.
- Annual management fee reduced by 50% and paid in stock.