Apollo Real Estate Advisors Closes Apollo Value Enhancement Fund VII

Apollo Real Estate Advisors Closes Apollo Value Enhancement Fund VII NEW YORK, July 7 /PRNewswire/ -- Apollo Real Estate Advisors has closed Apollo Value Enhancement Fund VII, L.P., with a total of $758 million, the firm announced. Apollo's Value Enhancement Funds employ a flexible investment strategy focusing on existing, income-producing U.S. properties which present opportunities to increase value. Apollo Value Enhancement Fund VII will continue Apollo's value-added strategy of investing in real estate assets primarily in major markets in the United States. The fund will seek to create a diversified portfolio across major property types, according to Steven Wolf, Apollo partner who oversees the firm's Value Enhancement Funds. "We are very gratified with the response from our investors to the new Value Enhancement Fund,"... [read full story]