Apollo Realty Income Solutions Amends Offering, Targets $1 Billion in Equity

The REIT aims to raise $1 billion through its primary offering and distribution reinvestment plan.

October 22, 2024

Apollo Realty Income Solutions Plans Major Equity Offering

Apollo Realty Income Solutions, Inc., a Maryland-based real estate investment trust (REIT), has amended its ongoing equity offering, with plans to raise up to $1 billion. According to the updated Form D filed with the SEC, the offering consists of $800 million in shares from the primary offering and $200 million through its distribution reinvestment plan. As of October 2024, the REIT has sold over $1.3 million in equity, with 13 investors participating.

Offering Details

The filing indicates that the minimum investment accepted from external investors is $2,500, with the offering following Rule 506(b) of Regulation D. Apollo Realty's executives, including Anastasia Mironova and Randy Anderson, are leading the initiative, though no compensation for brokers or finders' fees is involved. The REIT continues to focus on building its real estate portfolio, offering equity to investors seeking income-based returns.

Future Outlook

Apollo Realty Income Solutions focuses on generating steady returns for its shareholders by investing in income-generating real estate properties. As the offering continues, the REIT aims to attract more investors to support its expansion and growth in the real estate market. Investors will likely monitor the progress of the offering as it inches closer to its ambitious $1 billion goal.