Josh Fellman
Values remain below their peak, but margins are compressing again as consumers weather shocks and the e-commerce outlook darkens.
The investment in the long-term, net-lease portfolio aims to provide a fixed rate of return for Apollo.
The asset manager looks to smaller investments that can be exited quickly as BoJ's rate normalization complicates longer-term plans.
Hong Kong developer responds to report that the PE firm is in talks to become its largest shareholder.