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Apollo trades $9 billion REIT commercial real estate loans to insurance arm

Sale underscores advantage private capital has over publicly traded real estate
 listed commercial real estate stocks continue to trade at a significant discount to net asset value. (Getty Images)
listed commercial real estate stocks continue to trade at a significant discount to net asset value. (Getty Images)
CoStar News
January 29, 2026 | 3:00 P.M.

Apollo Commercial Real Estate Finance, a commercial real estate investment trust managed by US asset management giant Apollo, has agreed to sell its $9 billion loan portfolio to its insurance arm Athene.

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