Apollo Commercial Real Estate Finance Inc operates as a real estate investment trust REIT that originates acquires invests in and manages commercial first mortgage loans subordinate financings and other commercial real estaterelated debt investments in the United States It is qualified as a REIT under the Internal Revenue Code As a REIT it would not be subject to federal income taxes if the company distributes at least 90 of its REIT taxable income to its stockholders Apollo Commercial Real Estate Finance Inc was founded in 2009 and is based in New York New York