Apollo Global's CRE Head Scott Weiner announced the acquisition of a $1.5 billion distressed office portfolio in Washington D.C., targeting yields of 8.5% post-repositioning.
โThis decision is driven by the talent we want to hire and the firm we want to be. New York does not have a monopoly on talent, and we expect most of our future growth will take place in our second HQ.โ
โThis partnership represents long-term alignment and repeatable capital deployment over time.โ
Interest rate volatility
HighHedge interest rate exposure through derivatives or fixed-rate financing.
Repositioning execution risk
MediumEngage experienced asset managers with a track record in repositioning distressed assets.
Tenant credit risk
MediumConduct thorough tenant credit analysis and diversify tenant mix.
End of Intelligence Report ยท 1 Sources Verified