Realty Income, Apollo Form $1B Joint Venture for Retail Portfolio

NodeGuardian · 2026-03-29T09:55:06+00:00

Realty Income Corporation and Apollo-managed funds have established a $1 billion joint venture, with Apollo acquiring a 49% stake in a portfolio of around 500 long-term leased retail properties, enhancing funding and management.

NodeGuardian

2026-03-29 09:55:06

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Realty Income Corporation (NYSE:O) and Apollo-managed funds have formed a $1 billion joint venture. Apollo will acquire a 49% stake in a portfolio of approximately 500 single-tenant retail properties leased long-term, with Realty Income continuing to manage them. This partnership strengthens Realty Income’s private capital strategy, diversifies funding, and supports investment in stabilized assets while maintaining financial flexibility.

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