Apollo And Realty Income Sign $1 Billion Strategic Partnership For Retail Real Estate Portfolio

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Realty Income has formed a $1 billion strategic partnership with Apollo, where Apollo-managed funds will acquire a 49% equity interest in a joint venture owning a portfolio of approximately 500 U.S. single-tenant retail properties. This partnership aims to provide Realty Income with cost-efficient, long-term equity capital while expanding its funding sources for future investments. The deal is expected to serve as a framework for a broader, multi-billion-dollar co-investment relationship.

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