Tag Archives: Apollo Global Management

According to Realogy Corp., it's time to put real estate professionals who are on the front line every day fighting the housing crisis at the head of the table when it comes to crafting a solution to stimulate the sector's recovery. The firm's CEO Richard A. Smith has sent a formal request to President Obama and his administration calling for a White House summit on housing that brings together industry stakeholders to provide ""unfiltered, real-time market feedback"" for devising policy strategies.

Citigroup Inc. has found a buyer for its real estate investment management group, Citi Property Investors (CPI). Apollo Global Management says one of its affiliates has completed the acquisition of the Citi investment unit. Terms of the transaction were not disclosed. Citigroup has been selling off various assets and businesses to shore up its operations and help repay the $45 billion in took in bailout money from the federal government. CPI had assets under management of over $3 billion as of June 30.