Apollo Commercial Real Estate Finance, Inc. Appoints Pamela G. Carlton to the Board
July 26, 2021 at 04:17 pm EDT
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On July 22, 2021, the Board of Directors of Apollo Commercial Real Estate Finance, Inc. approved an increase in the size of the Board to 10 directors, and elected Ms. Pamela G. Carlton to fill the resulting vacancy, effective July 22, 2021. In addition, the Board appointed Ms. Carlton to serve as a member of the Compensation Committee.
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Companyâs principal business objective is to acquire its target assets in order to provide attractive risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investment strategy is to identify opportunities within its target assets through its manager and its affiliates as well as their platform, which integrates real estate experience with private equity and capital markets in transaction sourcing, underwriting, execution, asset operation, management and disposition. Its target assets are secured by real estate throughout the United States and Europe. The Company is externally managed and advised by ACREFI Management, LLC.