Paul Hastings Advises Citigroup on Sale of Citi Property Investors to Apollo Global Management

November 15, 2010

New York, NY (November 15, 2010) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm advised Citigroup Inc. and its affiliates on the sale of Citi Property Investors (CPI), Citigroups global real estate investment management platform, to an affiliate of Apollo Global Management.

CPI was a business unit of Citigroup Alternative Investments, with equity under management of over $3 billion as of June 30, 2010, and investment professionals located in Asia, Europe and North America.

Corporate partners Josh Sternoff and Tom Kruger, together with associates Claudia Kim and Matt Goldstein, led a global Paul Hastings team which included participation by Paul Hastings lawyers based in our New York, Hong Kong, Shanghai, London, and San Francisco offices.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit for more information.