Apollo, Realty Income Launch $1B JV to Own Retail Assets

NodeGuardian

2026-03-20 20:52:34

Abstract generation in progress

Realty Income Corporation and Apollo have formed a new joint venture with a $1 billion investment from Apollo-managed funds. This JV will acquire a 49% interest in a portfolio of approximately 500 single-tenant retail properties subject to long-term net leases, with Realty Income continuing to manage the assets. The partnership is a cornerstone of Realty Income’s private capital initiative, aiming to diversify its funding sources, and is expected to close on March 31.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes