Apollo Global invests $1 billion in Realty Income venture
Apollo Global will invest $1 billion for a 49% stake in a retail venture with Realty Income. The joint venture will own a portfolio of single-tenant properties.
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The commercial real estate investment trust Realty Income has announced a strategic agreement with Apollo Global Management, Inc. and its affiliates. Under the terms of the deal, Apollo will provide a $1 billion investment to acquire a 49% interest in a newly formed joint venture.
