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Apollo Invests $1 Billion in Joint Venture With Starwood REIT
Apollo Global Management is committing $1.02 billion to a joint venture with Starwood Real Estate Income Trust (SREIT), a commercial property vehicle that has faced challenges in providing liquidity to its investors. This investment aims to address SREIT's operational difficulties and improve investor returns. The deal represents a significant capital injection into the struggling real estate fund.
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