Apollo Global Management LP signed an agreement to purchase Citigroup Inc.'s (C) real-estate investment business, media reports on Tuesday citing to people familiar with the matter. Final negotiations are still taking place, but the deal could close in the next few months, the people said.
The purchase of Citi Property Investors will more than triple New York-based Apollo's real estate assets. The portfolio includes 65 investments in 26 countries with a net asset value of $3.5 billion. The company plans to keep the Citi Property staff, according to the person.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.