Subject: RE: Fwd: Date: Mon, 30 Nov 2015 13:46:54 +0000 The four investments ( Apollo RE Advisors III, Apollo RE Advisors IV, AREIF III Co-invest, AREIF IV Co-invest) distributed cash in 2015 that is in excess of their respective 12/31/2014 K-1 capital account balances. Rather than to show zero, the customary re

c: Joe Avantario; Richard D'Agostino Subject: RE: Fwd: The four investments ( Apollo RE Advisors III, Apollo RE Advisors IV, AREIF III Co-invest, AREIF IV Co-invest) distributed cash in 2015 that is in excess of their respective 12/31/2014 K-1 capital account balances. Rather than to show zero, the customary re