Apollo Launches Olympus Housing Capital to Back U.S. Homebuilders
Apollo has announced the launch of Olympus Housing Capital, a new platform dedicated to providing capital solutions for homebuilders nationwide, with a focus on land acquisition and development projects that prepare entitled residential sites for new home construction. The strategy will leverage funds managed by Apollo alongside affiliated balance sheets and aims to meet rising demand for reliable financing from both public and private homebuilders.
“Olympus sits at the intersection of several focus areas for Apollo,” said Apollo Partners Peter Sinensky and Nancy de Liban. “It builds on our experience in residential real estate and asset-backed finance origination.”
Olympus is led by Andrew Brausa, an industry veteran with over two decades of residential real estate and finance expertise. Brausa previously built and led Brookfield Asset Management’s land financing business and co-founded Domain Real Estate Partners. He began his career managing public market investment portfolios at DW Partners and held senior roles at several global asset managers.
“With a flexible investment mandate and significant operating capabilities, we believe Olympus can provide value-add services that align with the interests of our clients and their community residents,” Brausa said.
The senior leadership team includes Aimee Martin, who joins from GTIS Partners as SVP, and Troy Wahlberg, SVP of Asset Management, who was previously SVP of acquisitions and development at homebuilder New Home Co.
Olympus adds to Apollo’s push to expand its real estate platform and origination capabilities. Earlier this year, Apollo announced a $1.5 billion acquisition of Bridge Investment Group Holdings, adding approximately $50 billion in AUM across residential and industrial real estate. That deal, expected to close in Q3, will boost Apollo’s presence in real estate credit and further strengthen its market position.
As of March 31, Apollo managed approximately $785 billion in assets under management across its broad alternatives platform.