Post by Prop News Time

Apollo Commercial Real Estate Finance, part of the listed REIT sector focused on commercial property lending, has decided to liquidate its assets and dissolve the company after completing a major portfolio transaction earlier this year. The company had sold its large commercial real estate loan portfolio to Athene Holding, resulting in significant cash inflows and a strategic review of its future operations. Following this, the board approved a dividend of USD 3.75 per share, largely treated as return of capital, to be paid to shareholders on July 15. The move marks the end of its operating structure and transition into wind-down mode. To read more click on the link below:https://lnkd.in/d5qq_dAm For more insights on the real estate sector download the PNT mobile application or visit the website:  https://propnewstime.com/ #ApolloCRE #REIT #CommercialRealEstate #USMarkets #AssetLiquidation