# EDGAR Filing Document

**Accession Number:** 0001882850
**File Stem:** 0000950142-25-003051
**Filing Date:** 2025-11
**Character Count:** 15596
**Document Hash:** 733b3efab5174e75ae09d1280316b2c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950142-25-003051.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0000950142-25-003051

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251120

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Apollo Aligned Alternatives Advisors, L.P.
- **CENTRAL INDEX KEY:** 0002021670

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56656
- **FILM NUMBER:** 251507849

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WALKERS CORPORATE LIMITED
- **STREET 2:** 190 ELGIN AVENUE
- **CITY:** GEORGE TOWN, GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9008
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Apollo Principal Holdings B GP, LLC
- **CENTRAL INDEX KEY:** 0002011937

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56656
- **FILM NUMBER:** 251507846

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2125153265

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Apollo Principal Holdings VI GP, LLC
- **DATE OF NAME CHANGE:** 20240213
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AAA Sub Fund 2-Y, L.P.
- **CENTRAL INDEX KEY:** 0002022516

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56656
- **FILM NUMBER:** 251507850

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** AAA Advisors GP, LLC
- **CENTRAL INDEX KEY:** 0002021683

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56656
- **FILM NUMBER:** 251507848

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WALKERS CORPORATE LIMITED
- **STREET 2:** 190 ELGIN AVENUE
- **CITY:** GEORGE TOWN, GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9008
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** APH Holdings (DC), L.P.
- **CENTRAL INDEX KEY:** 0002021690

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56656
- **FILM NUMBER:** 251507847

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WALKERS CORPORATE LIMITED
- **STREET 2:** 190 ELGIN AVENUE
- **CITY:** GEORGE TOWN, GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-9008
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Apollo Realty Income Solutions, Inc.
- **CENTRAL INDEX KEY:** 0001882850
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 872557571
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-515-3200

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Exhibit 99.1

**EXHIBIT 99.1**

**This Statement on Form 4 is filed by:** (i) AAA Sub Fund 2-Y, L.P., (ii) Apollo Aligned Alternatives Advisors, L.P., (iii) AAA Advisors GP, LLC, (iv) APH Holdings (DC), L.P., and (v) Apollo Principal Holdings B GP, LLC

**Name of Designated Filer:** AAA Sub Fund 2-Y, L.P.

**Date of Event Requiring Statement:** November 20, 2025

**Issuer Name and Ticker or Trading Symbol:** Apollo Realty Income Solutions, Inc.

---

| | | |
|:---|:---|:---|
| **AAA Sub Fund 2-Y, L.P.** | **AAA Sub Fund 2-Y, L.P.** | **AAA Sub Fund 2-Y, L.P.** |
| By: | Apollo Aligned Alternatives Advisors, L.P., its general partner | Apollo Aligned Alternatives Advisors, L.P., its general partner |
| By: | AAA Advisors GP, LLC, its general partner | AAA Advisors GP, LLC, its general partner |
| By: | /s/ William B. Kuesel | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President, Assistant Secretary |
| **Apollo Aligned Alternatives Advisors, L.P.** | **Apollo Aligned Alternatives Advisors, L.P.** | **Apollo Aligned Alternatives Advisors, L.P.** |
| By: | AAA Advisors GP, LLC, its general partner | AAA Advisors GP, LLC, its general partner |
| By: | /s/ William B. Kuesel | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President, Assistant Secretary |
| **AAA Advisors GP, LLC** | **AAA Advisors GP, LLC** | **AAA Advisors GP, LLC** |
| By: | /s/ William B. Kuesel | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President, Assistant Secretary |
| **APH Holdings (DC), L.P.** | **APH Holdings (DC), L.P.** | **APH Holdings (DC), L.P.** |
| By: | Apollo Principal Holdings B GP, LLC, its general partner | Apollo Principal Holdings B GP, LLC, its general partner |
| By: | /s/ William B. Kuesel | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President |
| **Apollo Principal Holdings B GP, LLC** | **Apollo Principal Holdings B GP, LLC** | **Apollo Principal Holdings B GP, LLC** |
| By: | /s/ William B. Kuesel | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AAA Sub Fund 2-Y, L.P.<br><sub>(Last) (First) (Middle)</sub><br>9 W. 57TH STREET<br>42ND FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Apollo Realty Income Solutions, Inc. [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Apollo Aligned Alternatives Advisors, L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O WALKERS CORPORATE LIMITED<br>190 ELGIN AVENUE<br><sub>(Street)</sub><br>GEORGE TOWN, GRAND CAYMAN, E9 KY1-9008<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Apollo Realty Income Solutions, Inc. [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>AAA Advisors GP, LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O WALKERS CORPORATE LIMITED<br>190 ELGIN AVENUE<br><sub>(Street)</sub><br>GEORGE TOWN, GRAND CAYMAN, E9 KY1-9008<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Apollo Realty Income Solutions, Inc. [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>APH Holdings (DC), L.P.<br><sub>(Last) (First) (Middle)</sub><br>C/O WALKERS CORPORATE LIMITED<br>190 ELGIN AVENUE<br><sub>(Street)</sub><br>GEORGE TOWN, GRAND CAYMAN, E9 KY1-9008<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Apollo Realty Income Solutions, Inc. [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Apollo Principal Holdings B GP, LLC<br><sub>(Last) (First) (Middle)</sub><br>9 W. 57TH STREET<br>42ND FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Apollo Realty Income Solutions, Inc. [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class A-I units of ARIS Operating Partnership L.P. | <sup>(1)(2)</sup> | 2025-11-20 |  | P |  | 24661.593 |  | <sup>(1)(2)</sup> | <sup>(1)(2)</sup> | Common stock, par value $0.01 per share | 24661.593 | $21.5174 | 5651950.676 | I | See footnotes<sup>(1)(2)</sup> |

---

### Footnotes:

(1) Represents Class A-I units of ARIS Operating Partnership L.P. acquired by AAA Sub Fund 2-Y, L.P. ("AAA Sub-Fund") through a dividend reinvestment plan, which units may be redeemed for cash, or at the option of Apollo Realty Income Solutions, Inc. (the "Company"), for shares of common stock of the Company on a one-for-one basis. Apollo Aligned Alternatives Advisors, L.P. ("AAA Advisors") is the general partner of AAA Sub-Fund. AAA Advisors GP, LLC ("AAA Advisors GP") is the general partner of AAA Advisors. APH Holdings (DC), L.P. ("APH Holdings") is the managing member of AAA Advisors GP. Apollo Principal Holdings B GP, LLC ("Apollo Principal Holdings B") is the general partner of APH Holdings. (cont'd in FN2)

(2) (cont'd from FN1) Apollo Principal Holdings B is managed by a board of managers consisting of Marc Rowan, Scott Kleinman and James Zelter. Each of AAA Advisors, AAA Advisors GP, APH Holdings, Apollo Principal Holdings B and Messrs. Rowan, Kleinman and Zelter disclaim beneficial ownership of the securities described above.

**Signature:** /s/ See signatures attached as Exhibit 99.1  
**Date:** 2025-11-21

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**