{
 "chunks": [
  {
   "id": "a25c1431-8b7c-404f-8afd-60fb49ed5104",
   "grounding": {
    "box": {
     "bottom": 0.10645338147878647,
     "left": 0.02871742844581604,
     "right": 0.2734653055667877,
     "top": 0.05843644589185715
    },
    "page": 0
   },
   "markdown": "<a id='a25c1431-8b7c-404f-8afd-60fb49ed5104'></a>\n\nQ2 REO Overview & Update",
   "type": "text"
  },
  {
   "id": "4f4162b9-aa3c-45fa-9060-d540915541de",
   "grounding": {
    "box": {
     "bottom": 0.06098117306828499,
     "left": 0.9244319796562195,
     "right": 0.9721222519874573,
     "top": 0.03908200189471245
    },
    "page": 0
   },
   "markdown": "<a id='4f4162b9-aa3c-45fa-9060-d540915541de'></a>\n\nAPOLLO",
   "type": "marginalia"
  },
  {
   "id": "5737012f-ec4d-4d12-a955-990b10d60f9f",
   "grounding": {
    "box": {
     "bottom": 0.1535826474428177,
     "left": 0.04688805341720581,
     "right": 0.5857923626899719,
     "top": 0.12195013463497162
    },
    "page": 0
   },
   "markdown": "<a id='5737012f-ec4d-4d12-a955-990b10d60f9f'></a>\n\n> REO portfolio consists of four properties with net assets totaling $912 million and net equity of $541 million",
   "type": "text"
  },
  {
   "id": "7b769475-a91d-4edb-91db-afed980451b7",
   "grounding": {
    "box": {
     "bottom": 0.45248904824256897,
     "left": 0.0446106493473053,
     "right": 0.9352580308914185,
     "top": 0.1679687798023224
    },
    "page": 0
   },
   "markdown": "<a id='7b769475-a91d-4edb-91db-afed980451b7'></a>\n\nD.C. Hotel                       Brooklyn Multifamily             Atlanta Hotel\n\nAsset Photos\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n($ in mm)",
   "type": "figure"
  },
  {
   "id": "3203adae-2773-49bc-9060-cf78dcf328df",
   "grounding": {
    "box": {
     "bottom": 0.7210932970046997,
     "left": 0.04446977376937866,
     "right": 0.9368467926979065,
     "top": 0.4352392256259918
    },
    "page": 0
   },
   "markdown": "<a id='3203adae-2773-49bc-9060-cf78dcf328df'></a>\n\n(S in mm)\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">Net Assets</td><td id=\"0-3\">$157</td><td id=\"0-4\">$662</td><td id=\"0-5\">$68</td></tr>\n<tr><td id=\"0-6\">Debt(a)</td><td id=\"0-7\">\u2013</td><td id=\"0-8\">(371)</td><td id=\"0-9\">\u2013</td></tr>\n<tr><td id=\"0-a\">Net Equity\u00b3</td><td id=\"0-b\">$157</td><td id=\"0-c\">$291</td><td id=\"0-d\">$68</td></tr>\n<tr><td id=\"0-e\">Property Update</td><td id=\"0-f\">\u27a4 Repaid $74 million mortgage</td><td id=\"0-g\">\u27a4 99% of Market Units leased</td><td id=\"0-h\">\u27a4 Received a Letter of Intent from a third party to purchase the Hotel</td></tr>\n</table>",
   "type": "table"
  },
  {
   "id": "d162b2a7-bd70-41ea-9298-964916f3f7e0",
   "grounding": {
    "box": {
     "bottom": 0.8737245202064514,
     "left": 0.045008063316345215,
     "right": 0.9363080263137817,
     "top": 0.7498998045921326
    },
    "page": 0
   },
   "markdown": "<a id='d162b2a7-bd70-41ea-9298-964916f3f7e0'></a>\n\n## Massachusetts Healthcare\n\n*   Massachusetts Healthcare is an equity method investment in a joint venture with other Apollo-managed entities that owns two hospitals in Massachusetts\n*   The net asset balance of **$25 million** represents our allocation of the net assets of the joint venture",
   "type": "text"
  },
  {
   "id": "83934b68-d36b-411a-b620-adb2e5c8a9fd",
   "grounding": {
    "box": {
     "bottom": 0.9824891090393066,
     "left": 0.026758641004562378,
     "right": 0.6400518417358398,
     "top": 0.9370115995407104
    },
    "page": 0
   },
   "markdown": "<a id='83934b68-d36b-411a-b620-adb2e5c8a9fd'></a>\n\na) Construction financing on our Brooklyn Multifamily property has a maximum commitment of $388 million and is presented net of $0.1 million in deferred financing costs\nSee footnotes on page 11",
   "type": "text"
  },
  {
   "id": "99eab6be-34eb-4f97-a0ba-b4a8cf8864c6",
   "grounding": {
    "box": {
     "bottom": 0.9639524817466736,
     "left": 0.9630737900733948,
     "right": 0.9732703566551208,
     "top": 0.9438678622245789
    },
    "page": 0
   },
   "markdown": "<a id='99eab6be-34eb-4f97-a0ba-b4a8cf8864c6'></a>\n\n5",
   "type": "marginalia"
  }
 ],
 "markdown": "<a id='a25c1431-8b7c-404f-8afd-60fb49ed5104'></a>\n\nQ2 REO Overview & Update\n\n<a id='4f4162b9-aa3c-45fa-9060-d540915541de'></a>\n\nAPOLLO\n\n<a id='5737012f-ec4d-4d12-a955-990b10d60f9f'></a>\n\n> REO portfolio consists of four properties with net assets totaling $912 million and net equity of $541 million\n\n<a id='7b769475-a91d-4edb-91db-afed980451b7'></a>\n\nD.C. Hotel                       Brooklyn Multifamily             Atlanta Hotel\n\nAsset Photos\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n($ in mm)\n\n<a id='3203adae-2773-49bc-9060-cf78dcf328df'></a>\n\n(S in mm)\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">Net Assets</td><td id=\"0-3\">$157</td><td id=\"0-4\">$662</td><td id=\"0-5\">$68</td></tr>\n<tr><td id=\"0-6\">Debt(a)</td><td id=\"0-7\">\u2013</td><td id=\"0-8\">(371)</td><td id=\"0-9\">\u2013</td></tr>\n<tr><td id=\"0-a\">Net Equity\u00b3</td><td id=\"0-b\">$157</td><td id=\"0-c\">$291</td><td id=\"0-d\">$68</td></tr>\n<tr><td id=\"0-e\">Property Update</td><td id=\"0-f\">\u27a4 Repaid $74 million mortgage</td><td id=\"0-g\">\u27a4 99% of Market Units leased</td><td id=\"0-h\">\u27a4 Received a Letter of Intent from a third party to purchase the Hotel</td></tr>\n</table>\n\n<a id='d162b2a7-bd70-41ea-9298-964916f3f7e0'></a>\n\n## Massachusetts Healthcare\n\n*   Massachusetts Healthcare is an equity method investment in a joint venture with other Apollo-managed entities that owns two hospitals in Massachusetts\n*   The net asset balance of **$25 million** represents our allocation of the net assets of the joint venture\n\n<a id='83934b68-d36b-411a-b620-adb2e5c8a9fd'></a>\n\na) Construction financing on our Brooklyn Multifamily property has a maximum commitment of $388 million and is presented net of $0.1 million in deferred financing costs\nSee footnotes on page 11\n\n<a id='99eab6be-34eb-4f97-a0ba-b4a8cf8864c6'></a>\n\n5",
 "metadata": {
  "credit_usage": 3.0,
  "duration_ms": 13072,
  "filename": "p5.pdf",
  "job_id": "cmspjzx9v00ccbe01dnhq2leh",
  "org_id": "dlh8mka28ml4",
  "page_count": 1,
  "version": "dpt-2-20260410",
  "failed_pages": []
 },
 "splits": [
  {
   "chunks": [
    "a25c1431-8b7c-404f-8afd-60fb49ed5104",
    "4f4162b9-aa3c-45fa-9060-d540915541de",
    "5737012f-ec4d-4d12-a955-990b10d60f9f",
    "7b769475-a91d-4edb-91db-afed980451b7",
    "3203adae-2773-49bc-9060-cf78dcf328df",
    "d162b2a7-bd70-41ea-9298-964916f3f7e0",
    "83934b68-d36b-411a-b620-adb2e5c8a9fd",
    "99eab6be-34eb-4f97-a0ba-b4a8cf8864c6"
   ],
   "class_": "full",
   "identifier": "full",
   "markdown": "<a id='a25c1431-8b7c-404f-8afd-60fb49ed5104'></a>\n\nQ2 REO Overview & Update\n\n<a id='4f4162b9-aa3c-45fa-9060-d540915541de'></a>\n\nAPOLLO\n\n<a id='5737012f-ec4d-4d12-a955-990b10d60f9f'></a>\n\n> REO portfolio consists of four properties with net assets totaling $912 million and net equity of $541 million\n\n<a id='7b769475-a91d-4edb-91db-afed980451b7'></a>\n\nD.C. Hotel                       Brooklyn Multifamily             Atlanta Hotel\n\nAsset Photos\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n<::visual content\n: photo::>\n\n($ in mm)\n\n<a id='3203adae-2773-49bc-9060-cf78dcf328df'></a>\n\n(S in mm)\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">Net Assets</td><td id=\"0-3\">$157</td><td id=\"0-4\">$662</td><td id=\"0-5\">$68</td></tr>\n<tr><td id=\"0-6\">Debt(a)</td><td id=\"0-7\">\u2013</td><td id=\"0-8\">(371)</td><td id=\"0-9\">\u2013</td></tr>\n<tr><td id=\"0-a\">Net Equity\u00b3</td><td id=\"0-b\">$157</td><td id=\"0-c\">$291</td><td id=\"0-d\">$68</td></tr>\n<tr><td id=\"0-e\">Property Update</td><td id=\"0-f\">\u27a4 Repaid $74 million mortgage</td><td id=\"0-g\">\u27a4 99% of Market Units leased</td><td id=\"0-h\">\u27a4 Received a Letter of Intent from a third party to purchase the Hotel</td></tr>\n</table>\n\n<a id='d162b2a7-bd70-41ea-9298-964916f3f7e0'></a>\n\n## Massachusetts Healthcare\n\n*   Massachusetts Healthcare is an equity method investment in a joint venture with other Apollo-managed entities that owns two hospitals in Massachusetts\n*   The net asset balance of **$25 million** represents our allocation of the net assets of the joint venture\n\n<a id='83934b68-d36b-411a-b620-adb2e5c8a9fd'></a>\n\na) Construction financing on our Brooklyn Multifamily property has a maximum commitment of $388 million and is presented net of $0.1 million in deferred financing costs\nSee footnotes on page 11\n\n<a id='99eab6be-34eb-4f97-a0ba-b4a8cf8864c6'></a>\n\n5",
   "pages": [
    0
   ]
  }
 ],
 "grounding": {
  "a25c1431-8b7c-404f-8afd-60fb49ed5104": {
   "box": {
    "bottom": 0.10645338147878647,
    "left": 0.02871742844581604,
    "right": 0.2734653055667877,
    "top": 0.05843644589185715
   },
   "page": 0,
   "type": "chunkText",
   "confidence": 0.999,
   "low_confidence_spans": []
  },
  "4f4162b9-aa3c-45fa-9060-d540915541de": {
   "box": {
    "bottom": 0.06098117306828499,
    "left": 0.9244319796562195,
    "right": 0.9721222519874573,
    "top": 0.03908200189471245
   },
   "page": 0,
   "type": "chunkMarginalia",
   "confidence": 0.995,
   "low_confidence_spans": []
  },
  "5737012f-ec4d-4d12-a955-990b10d60f9f": {
   "box": {
    "bottom": 0.1535826474428177,
    "left": 0.04688805341720581,
    "right": 0.5857923626899719,
    "top": 0.12195013463497162
   },
   "page": 0,
   "type": "chunkText",
   "confidence": 1.0,
   "low_confidence_spans": []
  },
  "7b769475-a91d-4edb-91db-afed980451b7": {
   "box": {
    "bottom": 0.45248904824256897,
    "left": 0.0446106493473053,
    "right": 0.9352580308914185,
    "top": 0.1679687798023224
   },
   "page": 0,
   "type": "chunkFigure",
   "confidence": null,
   "low_confidence_spans": []
  },
  "3203adae-2773-49bc-9060-cf78dcf328df": {
   "box": {
    "bottom": 0.7210932970046997,
    "left": 0.04446977376937866,
    "right": 0.9368467926979065,
    "top": 0.4352392256259918
   },
   "page": 0,
   "type": "chunkTable",
   "confidence": 0.977,
   "low_confidence_spans": []
  },
  "0-1": {
   "box": {
    "bottom": 0.71231083892485,
    "left": 0.04993112822034368,
    "right": 0.9310921333995523,
    "top": 0.456621323027139
   },
   "page": 0,
   "type": "table",
   "confidence": null,
   "low_confidence_spans": []
  },
  "0-2": {
   "box": {
    "bottom": 0.5130951808218914,
    "left": 0.04993112822034368,
    "right": 0.1401587561952381,
    "top": 0.45675274590312775
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.961,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 0,
    "colspan": 1,
    "row": 0,
    "rowspan": 1
   }
  },
  "0-3": {
   "box": {
    "bottom": 0.5130909621644391,
    "left": 0.14011622474599714,
    "right": 0.3686987741281623,
    "top": 0.4567147678951346
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 1,
    "colspan": 1,
    "row": 0,
    "rowspan": 1
   }
  },
  "0-4": {
   "box": {
    "bottom": 0.5130802739449905,
    "left": 0.3686889839039016,
    "right": 0.6334172347879471,
    "top": 0.45667079742196975
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 2,
    "colspan": 1,
    "row": 0,
    "rowspan": 1
   }
  },
  "0-5": {
   "box": {
    "bottom": 0.5130678937543123,
    "left": 0.6333277289004122,
    "right": 0.9310921333995523,
    "top": 0.456621323027139
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 3,
    "colspan": 1,
    "row": 0,
    "rowspan": 1
   }
  },
  "0-6": {
   "box": {
    "bottom": 0.5692646037757465,
    "left": 0.04995364256835297,
    "right": 0.14020116223628126,
    "top": 0.5130909621644391
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.99,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 0,
    "colspan": 1,
    "row": 1,
    "rowspan": 1
   }
  },
  "0-7": {
   "box": {
    "bottom": 0.5692630596055468,
    "left": 0.1401587561952381,
    "right": 0.3687085319361184,
    "top": 0.5130802739449905
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.972,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 1,
    "colspan": 1,
    "row": 1,
    "rowspan": 1
   }
  },
  "0-8": {
   "box": {
    "bottom": 0.5692591487825723,
    "left": 0.3686987741281623,
    "right": 0.6335064067993862,
    "top": 0.5130678937543123
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.974,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 2,
    "colspan": 1,
    "row": 1,
    "rowspan": 1
   }
  },
  "0-9": {
   "box": {
    "bottom": 0.5692546168604117,
    "left": 0.6334172347879471,
    "right": 0.931058253482492,
    "top": 0.5130539738616235
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.972,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 3,
    "colspan": 1,
    "row": 1,
    "rowspan": 1
   }
  },
  "0-a": {
   "box": {
    "bottom": 0.6255579457791604,
    "left": 0.049976093752041206,
    "right": 0.14024366073582334,
    "top": 0.5692630596055468
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.963,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 0,
    "colspan": 1,
    "row": 2,
    "rowspan": 1
   }
  },
  "0-b": {
   "box": {
    "bottom": 0.6255576298756058,
    "left": 0.14020116223628126,
    "right": 0.36871831037978137,
    "top": 0.5692591487825723
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 1,
    "colspan": 1,
    "row": 2,
    "rowspan": 1
   }
  },
  "0-c": {
   "box": {
    "bottom": 0.6255568300983225,
    "left": 0.3687085319361184,
    "right": 0.6335957606296966,
    "top": 0.5692546168604117
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 2,
    "colspan": 1,
    "row": 2,
    "rowspan": 1
   }
  },
  "0-d": {
   "box": {
    "bottom": 0.6255559028927532,
    "left": 0.6335064067993862,
    "right": 0.9310245159106849,
    "top": 0.5692495249429914
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 1.0,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 3,
    "colspan": 1,
    "row": 2,
    "rowspan": 1
   }
  },
  "0-e": {
   "box": {
    "bottom": 0.7122457708717239,
    "left": 0.04999859446675892,
    "right": 0.14030910427509818,
    "top": 0.6255576298756058
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.973,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 0,
    "colspan": 1,
    "row": 3,
    "rowspan": 1
   }
  },
  "0-f": {
   "box": {
    "bottom": 0.7122645699702539,
    "left": 0.14024366073582334,
    "right": 0.3687333708002048,
    "top": 0.6255568300983225
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.965,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 1,
    "colspan": 1,
    "row": 3,
    "rowspan": 1
   }
  },
  "0-g": {
   "box": {
    "bottom": 0.7122863792196722,
    "left": 0.36871831037978137,
    "right": 0.6337334075790042,
    "top": 0.6255559028927532
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.993,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 2,
    "colspan": 1,
    "row": 3,
    "rowspan": 1
   }
  },
  "0-h": {
   "box": {
    "bottom": 0.71231083892485,
    "left": 0.6335957606296966,
    "right": 0.9309907124278328,
    "top": 0.6255548618594176
   },
   "page": 0,
   "type": "tableCell",
   "confidence": 0.987,
   "position": {
    "chunk_id": "3203adae-2773-49bc-9060-cf78dcf328df",
    "col": 3,
    "colspan": 1,
    "row": 3,
    "rowspan": 1
   }
  },
  "d162b2a7-bd70-41ea-9298-964916f3f7e0": {
   "box": {
    "bottom": 0.8737245202064514,
    "left": 0.045008063316345215,
    "right": 0.9363080263137817,
    "top": 0.7498998045921326
   },
   "page": 0,
   "type": "chunkText",
   "confidence": 0.996,
   "low_confidence_spans": []
  },
  "83934b68-d36b-411a-b620-adb2e5c8a9fd": {
   "box": {
    "bottom": 0.9824891090393066,
    "left": 0.026758641004562378,
    "right": 0.6400518417358398,
    "top": 0.9370115995407104
   },
   "page": 0,
   "type": "chunkText",
   "confidence": 0.993,
   "low_confidence_spans": []
  },
  "99eab6be-34eb-4f97-a0ba-b4a8cf8864c6": {
   "box": {
    "bottom": 0.9639524817466736,
    "left": 0.9630737900733948,
    "right": 0.9732703566551208,
    "top": 0.9438678622245789
   },
   "page": 0,
   "type": "chunkMarginalia",
   "confidence": 0.998,
   "low_confidence_spans": []
  }
 }
}