Apollo aims for $1B for third real estate fund

Private equity firm holds talks with investors

National /
Nov.November 20, 2018 02:30 PM

Leon Black of Apollo Global Management (Credit: Getty Images)

Apollo Global Management plans to start raising a new real estate investment fund.

The private equity company has held talks with potential investors for what would be its third property fund, Bloomberg reported. It plans to raise at least $1 billion starting in January for the fund, which will invest in retail properties, industrial properties, senior housing, manufactured housing and hotels.

Apollo’s real assets unit had $15.4 billion under management at the end of the third quarter, according to Bloomberg.

The company’s real estate debt arm recently agreed to fund Brookfield Property Partners’ redevelopment of 666 Fifth Avenue with a $300 million-plus mezzanine loan. [Bloomberg] — Konrad Putzier


Related Articles

arrow_forward_ios
SL Green’s director of leasing Steve Durels and One Vanderbilt. (SL Green, One Vanderbilt)
SL Green to offer flex offices at One Vanderbilt
SL Green to offer flex offices at One Vanderbilt
Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)
Silverstein Properties hires Katie Kurtz as new CFO
Silverstein Properties hires Katie Kurtz as new CFO
U.S. District Court Judge Dabney Friedrich (Senate/Chris Coons, iStock)
Judge strikes down federal eviction ban
Judge strikes down federal eviction ban
Sen. Brian Kavanagh and RSA President Joe Strasburg (Getty, Strasburg via Jeffersons Siegel)
Rent relief hinges on dwindling goodwill
Rent relief hinges on dwindling goodwill
Colliers International CEO Jay Hennick (Colliers, iStock)
Colliers’ acquisitions help boost company’s Q1 revenue
Colliers’ acquisitions help boost company’s Q1 revenue
Innovo Property Group CEO Andrew Chung and 1110 Oak Point Avenue 1110 Oak Point Avenue. (New York Expo Center, Innovo)
Innovo Property Group aims to raise $140M for Bronx industrial site
Innovo Property Group aims to raise $140M for Bronx industrial site
Sen. Brian Kavanagh (Getty, iStock)
New York votes to extend eviction ban through August
New York votes to extend eviction ban through August
A rendering of The Pinnacle (Kislak)
Luxury rental complex in Fort Lee sells for $55M
Luxury rental complex in Fort Lee sells for $55M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...