Constellation Hotels Holding Limited, Dacra Development Corporation and Raycliff Capital LLC acquired Miami Design District Redevelopment Portfolio from Apollo Commercial Real Estate Finance, Inc.
January 05, 2023
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Constellation Hotels Holding Limited, Dacra Development Corporation and Raycliff Capital LLC acquired Miami Design District Redevelopment Portfolio from Apollo Commercial Real Estate Finance, Inc. on January 5, 2023. Michelle Kelban, Betsy Jaffe, David Freedman, Aaron Friberg, Horton McKinney, Andrew Messer, Aida Vajzovic, and Lucas Fernandez-Rocha of Latham & Watkins LLP acted as legal advisor to Constellation Hotels Holding Limited.
Constellation Hotels Holding Limited, Dacra Development Corporation and Raycliff Capital LLC completed the acquisition of Miami Design District Redevelopment Portfolio from Apollo Commercial Real Estate Finance, Inc. on January 5, 2023.
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Companyâs principal business objective is to acquire its target assets in order to provide attractive risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investment strategy is to identify opportunities within its target assets through its manager and its affiliates as well as their platform, which integrates real estate experience with private equity and capital markets in transaction sourcing, underwriting, execution, asset operation, management and disposition. Its target assets are secured by real estate throughout the United States and Europe. The Company is externally managed and advised by ACREFI Management, LLC.
Constellation Hotels Holding Limited, Dacra Development Corporation and Raycliff Capital LLC acquired Miami Design District Redevelopment Portfolio from Apollo Commercial Real Estate Finance, Inc.
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. 
