Apollo Looks To Raise $5B For Commercial Real Estate Fund

Apollo Global Management is hoping to court investors to buy $5B of equity in its nontraded real estate investment trust.

Its plan to sell common stock in Apollo Realty Income Solutions was approved by the Securities and Exchange Commission last month, clearing the way for the capital raise, according to AltsWire. 

In addition to offering the new shares, the company is restructuring a portion of its stock, including the retirement of three share types and the associated reclassification of 300 million authorized but unissued shares.

Apollo Global Management Inc. (NYSE: APO)
Christine Boyd | Managing Director, Commercial Real Estate Debt Group
Apollo Global Management Inc. (NYSE: APO)
Nicholas Doering-Dorival | Partner, Acquisitions-U.S. Real Estate Group

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