Press Release
December 15, 2014

Apollo Commercial Real Estate Finance, Inc. Appoints Jeffrey Gault as Chairman of the Board of Directors

Apollo Commercial Real Estate Finance, Inc. Appoints Jeffrey Gault as Chairman of the Board of Directors

NEW YORK--(BUSINESS WIRE)--Dec. 15, 2014-- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Board of Directors of the Company (the “Board”) has elected Jeffrey Gault to serve as a director and Chairman of the Board, effective immediately. Mr. Gault’s appointment brings the total number of independent directors on ARI’s Board to five out of seven seats.

Commenting on the appointment, Stuart Rothstein, Chief Executive Officer and President of ARI, said: “We are thrilled to welcome Jeff as Chairman of ARI. He is a seasoned executive and we believe ARI will benefit greatly from his insight and expertise.”

Mr. Gault has over 40 years of leading and developing successful businesses. Currently, Mr. Gault serves as the chairman of the board of Americold Logistics, a global leader in temperature-controlled warehousing and logistics, and held the positions of president and chief executive officer of Americold Logistics from 2012 to 2014. Prior to joining Americold Logistics, Mr. Gault held senior positions with KB Homes, Sun America, Inc., Home Savings of America F.A. and H.F. Ahmanson & Co. He currently is the lead independent director of the board of directors of Classic Party Rentals. Mr. Gault received a Bachelor degree in Architecture from the University of California at Berkeley and a Master of Environmental Design from Yale University.

Mr. Gault replaced Joseph Azrack as Chairman of the Board.

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage backed securities and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with approximately $164 billion of assets under management at September 30, 2014.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Source: Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc.
Hilary Ginsberg, 212-822-0767
Investor Relations