UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On March 28, 2023, Apollo Realty Income Solutions, Inc. acquired a $50 million pari passu interest in a $300 million floating-rate senior A-note, which was part of a $450 million whole loan secured by a 1,098-unit multifamily tower with approximately 26,000 square feet of retail space being constructed in Brooklyn, New York. An affiliate of Apollo Global Management, Inc. acquired a $250 million pari passu interest in the A-note, with the $150 million B-note held by a third party who originated the loan in September 2021. The loan has an initial remaining term of 18 months, with one extension option that matures in 30 months and an interest rate of SOFR plus 435 basis points.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 3, 2023 |
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/s/ John Calace |
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Name: John Calace |
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Title: Chief Financial officer, Treasurer and Secretary |
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