Apollo Global commits $1 billion for retail venture with commercial REIT Realty Income
Apollo Global Management Inc +1.49% Post
Realty Income Corporation -1.02% Post
Apollo Global Management Inc APO | 129.16 129.06 | +1.49% -0.08% Post |
Realty Income Corporation O | 63.35 63.34 | -1.02% -0.02% Post |
March 19 (Reuters) - Commercial real estate investment trust Realty Income O.N said on Thursday asset manager Apollo Global Management APO.N and affiliates intend to provide a $1 billion investment to acquire a 49% interest in a new joint venture that is expected to own a diversified portfolio of single-tenant retail properties subject to long-term net leases.
