Apollo-Managed Funds And Affiliates Intend To Provide $1B Investment To Realty Income To Acquire 49% Interest In New JV Entity That Is Expected To Own Diversified Portfolio Of Single-Tenant Retail Properties Subject To Long-Term Net Leases

Apollo-managed funds and affiliates plan to invest $1 billion in Realty Income Corporation to acquire a 49% interest in a new joint venture that will own a diversified portfolio of single-tenant retail properties under long-term net leases. This investment will support Realty Income's private capital initiative and is expected to enhance its portfolio of approximately 500 retail assets. Realty Income will manage the portfolio, leveraging its expertise in asset management.