Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that manages commercial real estate-related debt investments in the United States. It qualifies as a REIT under the Internal Revenue Code, which means it would not be subject to federal income taxes if it distributes a minimum of 90% of its REIT taxable income to its stockholders. The company was founded in 2009 and is headquartered in New York, New York.