UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On May 25, 2023, Apollo Realty Income Solutions, Inc. (the “Company”) acquired a $50 million pari passu interest in a $530 million floating-rate first mortgage loan secured by an approximately 482,000 square foot hyperscale data center being constructed in Gainsville, VA. Affiliates of Apollo Global Management, Inc. acquired a $215 million pari passu interest in the loan, with the $265 million remaining pari passu interest held by a third party. The loan has a three-year initial term, with two one-year extension options and an interest rate of SOFR plus 410 basis points. The data center is 100% leased to a AAA-rated, multinational technology company for a 15-year lease term.
On June 8, 2023, the Company acquired a $25 million pari passu interest in a $50 million upsizing of an existing floating rate senior loan that now totals $330 million, secured a portfolio of seven hotels totaling 1,908 keys located in Boston, Miami, New York, Washington, D.C., Seattle and San Francisco. An affiliate of Apollo Global Management, Inc. holds a $140 million pari passu interest in the loan with the balance held by a third party. The upsized loan has a remaining term of 2.1 years through initial maturity and 3.1 years through extended maturity and an interest rate of SOFR plus 415 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: June 9, 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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