Aug
09
To Apollo, AR Global Deal is a Way In
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Headquartered at the Solow Building in Manhattan, Apollo is broadening its real estate reach with the AR Global deal.NEW YORK CITY—For Apollo Global Management, the acquisition of AR Capital’s business will expand its real estate footprint, but in a different way than, say, theBlackstone Group’s entity-level deals for Hilton Worldwide Holdings in 2007 and, most recently, Excel Trust. In this case, the emphasis is not on amassing a huge pool of rental income but rather, tapping into a huge pool of retail investors, in the form of a newly launched business, AR Global, that will pick up where AR Capital left off…
