Marc Rowan

Under Marc Rowan’s guidance, Apollo Global Management dove headfirst into some of the largest commercial real estate financings of 2025. Led by his top commercial real estate general, Scott Weiner, the firm’s global head of real estate credit, Apollo deployed more capital in 2025 — $24 billion in credit — than any other year in firm history, and upped its deployment metrics by 50 percent from 2024.

As for the deals, Apollo provided $838 million in debt — structured as a $748 million senior loan and a $90 million junior loan — to recapitalize 25 Water Street in Manhattan and deliver 1,320 residential units to the Financial District in what was formerly a 1 million-square-foot office building.

The firm also provided Elliott Investment Management and RXR with $785 million in acquisition financing for the joint venture’s purchase of 590 Madison Avenue, a 1 million-square-foot, 42-story, Class A office tower in the heart of Midtown Manhattan off 57th Street.

Rowan also directed the firm into a couple of signature acquisitions over the last 12 months.

In March 2026, Apollo paid $1 billion to take a 49 percent stake in Realty Income, a publicly traded real estate investment trust that owns more than 500 single-tenant retail properties, including dollar stores, restaurants, drugstores, grocery stores and fitness centers.

Rowan also signed off on Weiner’s unconventional play to sell Apollo Commercial Real Estate Finance Inc., the firm’s $9 billion publicly traded REIT, to Athene Holdings, Apollo’s $440 billion insurance subsidiary.

But no deal for Apollo was bigger than its acquisition of Bridge Investment Group, a $1.5 billion all-stock transaction that closed in September. By acquiring Bridge — a real estate investment firm with $50 billion in assets — Apollo bought a business that specializes in residential and industrial commercial real estate investments, and one carrying a client base that encompasses global institutional investors.

“Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform,” said David Sambur, an Apollo partner and its head of equity.