Apollo Looks To Raise $5B For Commercial Real Estate Fund
Parent company Apollo Global Management has aggressive growth plans for the next few years.
Parent company Apollo Global Management has aggressive growth plans for the next few years.
The company behind the boutique hotel and private club brand will also get an equity infusion from investors led by Ashton Kutcher.
Funds managed by Apollo Global Management agreed to buy hydroelectric firm Eagle Creek Renewable Energy as data centers have increased power demand.
Apollo tapped Bert Crouch as partner and head of real estate equity, where he will lead the firm's business in the sector.
Valor is to asset-manage a large urban logistics portfolio across 11 European metropolitan locations for Apollo as it continues to expand its final-mile estate.
The focus of the JV is single-tenant, net-lease retail properties.
Apollo management told staff it would open the office in South Florida or Texas. The new headquarters will host "most of our future growth," the firm said.
Apollo Commercial Real Estate Finance Inc. will liquidate its assets and shutter. The public firm struck a $9B deal in January to sell most of its portfolio.
Apollo Global Management tentatively chooses Austin over South Florida as the Lone Star State's corporate draw remains strong.
Private equity buyers are looking to the U.K. regions
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