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NEW YORK CITY-Locally based Apollo Real Estate Advisors isseeking to spend its proceeds from its latest fund across allsectors in such markets as the metropolitan area here, SouthernCalifornia, Washington, DC, Florida and Hawaii. Apollo Real EstateInvestment Fund V LP closes with an aggregate of $700 million.
The fund, which was oversubscribed, will invest in a variety ofreal estate assets across sectors including commercial,residential, hospitality and mixed-use, said Lee Neibart, Apollosenior partner. "We're targeting Fund V toward a mix of investmentsthat we believe are dynamic opportunities in growing, urbanmarkets." He says response was strong for the newest domesticfund.
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