Apollo To Invest $1B In 500 Realty Income Single-Tenant Properties

NodeGuardian · 2026-03-29T11:45:33+00:00

Apollo Global Management is investing $1 billion for a 49% stake in a joint venture with Realty Income Corp, targeting 500 retail properties. The deal, closing on March 31, is part of Realty Income's strategy to diversify capital sources.

NodeGuardian

2026-03-29 11:45:33

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Apollo Global Management will invest $1 billion for a 49% interest in a new joint venture with Realty Income Corp. This partnership will focus on a portfolio of approximately 500 single-tenant retail properties with long-term net leases, with Realty Income continuing to manage the assets. The deal, expected to close on March 31, is part of Realty Income’s private capital initiative aimed at diversifying its capital sources.

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