Novare Capital Management Cuts Stake in Apollo Commercial Real Estate Finance

January 26, 2025 - 18:20

Novare Capital Management LLC has significantly decreased its holdings in Apollo Commercial Real Estate Finance, Inc. by 38.6% during the fourth quarter, as revealed in its latest filing with the Securities and Exchange Commission. The institutional investor previously owned 49,800 shares of the real estate finance company but has now sold 31,250 shares.

This move reflects a strategic reshaping of Novare's investment portfolio, potentially in response to market conditions or shifts in investment strategy. The decision to reduce its stake may indicate a cautious outlook on the commercial real estate sector, which has faced various challenges in recent times, including rising interest rates and economic uncertainties.

Apollo Commercial Real Estate Finance, known for its investments in commercial real estate debt, continues to navigate a competitive landscape. The adjustment by Novare Capital Management highlights the dynamic nature of investment strategies among institutional investors as they respond to evolving market trends.