UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On May 17, 2024, the Company acquired the Hampton Rivers Property, a newly constructed, 186-unit garden-style multifamily property located in the West Ashley submarket of Charleston, SC. The property was acquired from an unaffiliated third party for approximately $49 million and is approximately 95% leased. Property amenities include a saltwater pool, modern clubhouse, private workspaces, fitness center, yoga center, outdoor grilling area, and bocce court.
On May 29, 2024, the Company acquired a newly constructed approximately 708,000 square foot distribution center within the Memphis MSA in Byhalia, MS, 100% leased to an affiliate of PepsiCo through January 2031 with two five-year renewal options. The property was acquired on an all-cash basis from an unaffiliated third party for approximately $58 million. The property is primarily used for the distribution of Gatorade, Starbucks, Celsius, and other PepsiCo products and significantly expands PepsiCo’s distribution network in the region.
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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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Apollo Realty Income Solutions, Inc. |
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Date: June 20, 2024 |
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By: |
/s/ Anastasia Mironova |
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Name: Anastasia Mironova |
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Title: Chief Financial Officer, Treasurer and Secretary |
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