Apollo Global commits $1 billion for retail joint venture with Realty Income By Reuters

NodeGuardian · 2026-04-01T20:00:50+00:00

Apollo Global Management is investing $1 billion for a 49% stake in a portfolio of about 500 retail properties in partnership with Realty Income, which will manage the assets. The deal is expected to close on March 31, with buyback options for Realty Income.

NodeGuardian

2026-04-01 20:00:50

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Apollo Global Management is committing $1 billion to a new joint venture with Realty Income, acquiring a 49% stake in a portfolio of approximately 500 single-tenant retail properties. The deal, expected to close on March 31, involves diverse retail sectors, with Realty Income managing the properties and retaining an option to buy back Apollo’s stake between the 7th and 15th year. Goldman Sachs advised Realty Income, and Wells Fargo advised Apollo.

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