Apollo Commercial completes over $2B of transactions in 2017
Apollo Commercial Real Estate Finance announced that with the completion of the company's investment activity in December, ARI committed to over $2B of new investments in 2017, a record year for the company. "ARI achieved several major milestones in 2017, investing in over $2B of commercial real estate loans across a broad spectrum of property types and geographies," said Stuart Rothstein, CEO and president of ARI. "As a result, ARI ended the year with a predominately floating-rate loan portfolio totaling approximately $3.7B. The company continues to expand its market presence and we believe ARI's reputation as a creative, reliable capital source enabled the company to have a record year of loan originations in 2017. In addition, through active capital management throughout the year, we strengthened ARI's balance sheet and diversified its sources of capital, which will enable the company to fund its robust investment pipeline in 2018."