Sector Investment 8 Hours

Last updated: March 20, 2026, 8:30 PM ET

Real Estate Capital Flows

Apollo Global Management is injecting $1 billion for a 49% interest in a newly formed retail venture with Realty Income, structuring the deal to secure a fixed rate of return for the private equity giant on the long-term, net-lease portfolio. This move comes as private real estate markets observe capital diverging from traditional flows, meaning proceeds from asset sales are not simply returning to legacy managers. Further evidence of manager selection activity can be seen in Chicago, where the Chicago FABF issued a request for proposals seeking real estate investment managers focused on non-core assets, signaling a targeted approach to capital deployment within large pension funds.