Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 110

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 110
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 for sale

    —

    79,021

    155,542

    Transfer of assets related to real estate owned, held for sale to assets related to real estate owned held for investment, net

    70,688

    151,676

    —

    Transfer of assets related to real estate owned, held for sale to other assets

    2,280

    4,357

    —

    Transfer of liabilities to liabilities related to real estate owned, held for sale

    —

    1,438

    7,156

    Transfer of liabilities related to real estate owned, held for sale to accounts payable, accrued expenses and other liabilities

    3,937

    7,163

    —

    Transfer of commercial mortgage loan to other assets

    20,073

    —

    —

    Note receivable, held for sale(1)

    41,200

    —

    —

    Restructuring of commercial mortgage loan to subordinate loan

    74,304

    —

    —

(1)	Related to our former Massachusetts Healthcare Loan, as defined and discussed in "Note 4 – Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net."

See notes to consolidated financial statements.67

Apollo Commercial Real Estate Finance, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Note 1 – OrganizationApollo Commercial Real Estate Finance, Inc. (together with its consolidated subsidiaries, is referred to throughout this report as the "Company," "ARI," "we," "us" and "our") is a corporation that has elected to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes and primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, and other commercial real estate related debt investments. These asset classes are referred to as our target assets.We were formed in Maryland on June 29, 2009, commenced operations on September 29, 2009 and are externally managed and advised by ACREFI Management, LLC (the "Manager"), an indirect subsidiary of Apollo Global Management, Inc. (together with its subsidiaries, "Apollo").We elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended December 31, 2009. To maintain our tax qualification as a REIT, we are required to distribute