Real estate has long been considered a cornerstone of wealth-building and financial stability. However, directly investing in property can be capital-intensive, time-consuming, and fraught with challenges.

(Reuters) -Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, expanding its real estate offerings. Bridge stockholders and unit holders of its subsidiary will each receive 0.

The deal for Bridge Investment Group will push Apollo’s real-estate assets under management to more than $110 billion.

Apollo Global Management Inc. APO entered a definitive agreement to acquire Bridge Investment Group Holdings Inc. as it seeks to expand its real estate offerings. APO agreed to acquire Bridge in an all-stock transaction with an equity value of $1.