At the same time, rise in raw material costs are expected push inflation higher as manufacturers have to pay more because of tariffs levied by the Trump administration on products such as lumber, aluminum and steel. Apollo Commercial Real Estate Finance, Inc.ARI operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It primarily explores for gold, silver, and copper deposits.