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February 27, 2025

$1.5B Apollo-Bridge deal will be felt here

Publicly traded investment giant Apollo announced this week that, in a deal valued at around $1.5 billion, it'll acquire Bridge Investment Group. The latter often loans to local developers, or partners with them, with recent examples including the new 368-unit Rook apartments (pictured), in Tacoma. Bridge partnered there with local shop One Trent. Apollo says the all-stock deal should close in the third quarter. It invests in all manner of assets. The Bridge deal will add to about $50 billion its current real estate portfolio. Apollo counts around $751 billion in total assets under management. The firm's David Sambur said in a statement, “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo's strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale.”




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