Apollo Commercial Real Estate Finance, Inc. (ARI) reported on its financial activities through the quarter ending 31 December, 2009. According to a public press release, ARI originated and acquired mezzanine and secured loans totaling $204.7 million. An additional $144.3 million were invested by 31 January, 2010. Mezzanine loans have been originated for such companies as Inland Western Retail Real Estate Trust.
ARI has invested about $267 million in commercial mortgage-backed securities, or CMBS, since its IPO. "The nature and timing of ARI's initial investment activity is consistent with the strategy and plan highlighted during our initial public offering. We believe the first mortgage and mezzanine loans provide attractive interest rates well supported by high quality assets with strong sponsorship and the CMBS will generate strong returns on equity," Stuart Rothstein (Chief Financial Officer, ARI) has said. ARI is managed by ACREFI Management, LLC, who are linked to Apollo Global Management, LLC.
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