Apollo Commercial Real
Estate Finance, Inc. (the "Company" or "ARI") ARI today
announced the closing of two financing transactions totaling $140
million in committed capital for two separate New York City
residential properties. With these closings, ARI's investment
activity over the past twelve months totaled $274 million of
committed equity for $324 million of commercial real estate debt
investments with a weighted average underwritten internal rate of
return ("IRR") of approximately 13%(1).
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