Apollo Realty Income Solutions POS AM 19 Sep 22 Prospectus update (post-effective amendment) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Document Type	POS AM
Amendment Flag	true
Entity Registrant Name	APOLLO REALTY INCOME SOLUTIONS, INC.
Entity Central Index Key	0001882850
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Amendment Description	AMENDMENT NO. 1

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2022	Feb. 18, 2022
Assets
Cash and cash equivalents	$ 200,000	$ 200,000
Total assets	200,000	200,000
Liabilities and Equity
Total liabilities	0	0
Commitments and contingencies (See Note 6)
Equity
Preferred stock, $0.01 par value per share, 100,000,000 and 0 shares authorized at June 30, 2022 and February 18, 2022, respectively, and none issued and outstanding
Additional paid-in capital	199,900	199,900
Total equity	200,000	200,000
Total liabilities and equity	200,000	200,000
Common Stock - Class I Shares
Equity
Common Stock	$ 100	$ 100

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Feb. 18, 2022
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock - Class S Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Stock - Class D Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Stock - Class I Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	10,000
Common stock, shares issued	10,000	10,000
Common stock, shares outstanding	10,000	10,000
Common Stock - Class F-S Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Stock - Class F-D Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Stock - Class F-I Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Stock - Class E Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Organization and Business Purpo

Organization and Business Purposes	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Purposes	Note 1 – Organization and Business Purposes Apollo Realty Income Solutions, Inc. (the “Company”) was formed on September 8, 2021 as a Maryland corporation and intends to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes and is the sole general partner of ARIS Operating Partnership L.P., a Delaware limited partnership (the “Operating Partnership”). ARIS Special Limited Partner, LLC (the “Special Limited Partner”), an indirect wholly-owned subsidiary of Apollo Global Management, Inc. (“Apollo”), owns a special limited partner interest in the Operating Partnership. The Company was organized to invest primarily in a portfolio of diversified income-oriented commercial real estate in the United States. Substantially all of the Company’s business will be conducted through the Operating Partnership, which as of June 30, 2022 had not commenced its principal operations. The Company and the Operating Partnership are externally managed by ARIS Management, LLC (the As of June 30, 2022 (unaudited) and February 18, 2022, the Company had neither acquired nor entered into any arrangements to acquire any properties or real estate-related securities with the net proceeds from the Offering (as hereinafter defined). The Adviser had not identified any real estate or real estate-related investments in which it is probable that the Company will invest.

Capitalization

Capitalization	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Capitalization	Note 2 – Capitalization As of June 30, 2022 (unaudited), the Company was authorized to issue up to 1,100,000,000 shares, consisting of the following: Classification Number of Par Value Preferred Stock 100,000,000 $ 0.01 Class S Shares 200,000,000 $ 0.01 Class D Shares 200,000,000 $ 0.01 Class I Shares 200,000,000 $ 0.01 Class F-S 100,000,000 $ 0.01 Class F-D 100,000,000 $ 0.01 Class F-I 100,000,000 $ 0.01 Class E Shares 100,000,000 $ 0.01 Total 1,100,000,000 The Company has registered with the Securities and Exchange Commission (the “SEC”) an offering of up to $5,000,000,000 in shares of common stock, consisting of up to $4,000,000,000 in shares in its primary offering and up to $1,000,000,000 in shares pursuant to its distribution reinvestment plan (the “Offering”). In the Offering, the Company intends to sell any combination of six classes of shares of its common stock, Class S shares, Class D shares, Class I shares, Class F-S Class F-D Class F-I On February 18, 2022, the Company was capitalized with a $200,000 investment by Apollo ARIS Holdings LLC, an indirect wholly-owned subsidiary of Apollo, in exchange for 10,000 shares of Class I shares.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and the Operating Partnership. All intercompany balances and transactions are eliminated in consolidation. Separate statements of income, changes in equity, and cash flows have not been presented in the financial statements because principal operations have not commenced. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the balance sheets. Actual results could differ from those estimates. Risks and Uncertainties During the first quarter of 2020, there was a global outbreak of the novel coronavirus (“COVID-19”), COVID-19 COVID-19, COVID-19 Cash and Cash Equivalents Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less. The Company may have bank balances in excess of federally insured amounts; however, the Company deposits its cash and cash equivalents with high credit-quality institutions to minimize credit risk exposure. The Company did not hold cash equivalents as of June 30, 2022 (unaudited) and February 18, 2022. Income Taxes The Company intends to make an election to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its taxable year ending December 31, 2022. If the Company qualifies for taxation as a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income. Organization and Offering Expenses The Adviser has agreed that it and/or its affiliates will advance organization and offering expenses on behalf of the Company (including legal, accounting, and other expenses attributable to the Company’s organization, but excluding upfront selling commissions, dealer manager fees and stockholder servicing fees) through the first anniversary of the date on which the Company breaks escrow. The Company will reimburse the Adviser and its affiliates for all such advanced expenses ratably over a 60-month As of June 30, 2022 (unaudited) and February 18, 2022, the Adviser and its affiliates had incurred organization and offering expenses on the Company’s behalf of approximately $4.3 million and $2.4 million, respectively. These organization and offering expenses are not recorded in the accompanying consolidated balance sheets because such costs are not the Company’s liability until the date the escrow for the Offering is released. When recorded by the Company, organization expenses will be expensed as incurred, and offering expenses will be charged to stockholders’ equity as such amounts will be reimbursed to the Adviser or its affiliates from the gross proceeds of the Offering. Any amount due to the Adviser and its affiliates but not paid will be recognized as a liability on the consolidated balance sheets. Distribution Reinvestment Plan The Company has adopted a distribution reinvestment plan whereby stockholders (other than residents of Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington) will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. Residents of Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington will automatically receive their distributions in cash unless they elect to have their cash distributions reinvested in additional shares of our common stock. The per share purchase price for shares purchased pursuant to the distribution reinvestment plan will be equal to the offering price before upfront selling commissions and dealer manager fees (the “transaction price”) at the time the distribution is payable, which will generally be equal to the Company’s prior month’s NAV per share for that share class. Stockholders will not pay upfront selling commissions or dealer manager fees when purchasing shares pursuant to the distribution reinvestment plan. The stockholder servicing fees with respect to Class S shares, Class D shares, Class F-S Class F-D Share Repurchases The Company has adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that the Company repurchase all or any portion of their shares. The Company may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in its discretion, subject to any limitations in the share repurchase plan. The total amount of aggregate repurchases of Class S shares, Class D shares, Class I shares, Class F-S Class F-D Class F-I

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 – Related Party Transactions Pursuant to the advisory agreement between the Company and the Operating Partnership, on the one hand, and the Adviser, on the other hand, the Adviser is responsible for sourcing, evaluating and monitoring the Company’s investment opportunities and making decisions related to the acquisition, management, financing and disposition of the Company’s assets, in accordance with the Company’s investment objectives, guidelines, policies and limitations, subject to oversight by the Company’s board of directors. Certain affiliates of the Company, including the Adviser, will receive fees and compensation in connection with the Offering and ongoing management of the assets of the Company. The Adviser will be paid a management Class F-S Class F-D Class F-I The Special Limited Partner holds a performance participation interest in the Operating Partnership that entitles it to receive an allocation from the Operating Partnership on Class S shares, Class D shares, and Class I shares equal to 12.5% of the annual Total Return, subject to a 5% annual Hurdle Amount and a High Water Mark, with a Catch-Up Class F-S Class F-D Class F-I Catch-Up The Company may retain certain of the Adviser’s affiliates for necessary services relating to the Company’s investments or its operations, including any administrative services, construction, special servicing, leasing, development, property oversight and other property management services, as well as services related to mortgage servicing, group purchasing, healthcare, consulting/brokerage, capital markets/credit origination, loan servicing, property, title and/or other types of insurance, management consulting and other similar operational matters. Any such arrangements will be at market terms and rates. As of June 30, 2022 and February 18, 2022, the Company has not retained an affiliate of the Adviser for any such services. In addition, Apollo Global Securities, LLC (the “Dealer Manager”) will serve as the dealer manager for the Offering. The Dealer Manager is a registered broker-dealer affiliated with the Adviser. The Company entered into an agreement (the “Dealer Manager Agreement”) with the Dealer Manager in connection with the Offering. Subject to the terms of the Dealer Manager Agreement, the Company’s obligations to pay stockholder servicing fees with respect to the Class S shares, Class D shares, Class F-S Class F-D Class F-I The Dealer Manager is entitled to receive selling commissions of up to 3.0%, and dealer manager fees of up to 0.5%, of the transaction price of each Class S share and Class F-S Class F-D F-S F-D Class F-S Class F-D Class F-S Class F-D Class F-I The Company may also offer Class E shares, which will only be available to certain of Apollo’s affiliates and employees, in one or more private placements. These shares are not being offered to the public pursuant to the Offering and will not incur any upfront selling costs, ongoing servicing costs, management fee or performance participation allocation.

Economic Dependency

Economic Dependency	6 Months Ended
	Jun. 30, 2022
Economic Dependency [Abstract]
Economic Dependency	Note 5 – Economic Dependency The Company will be dependent on the Adviser and its affiliates for certain services that are essential to it, including the sale of the Company’s shares of common stock, acquisition and disposition decisions, and certain other responsibilities. In the event that the Adviser and its affiliates are unable or unwilling to provide such services, the Company would be required to find alternative service providers. The Company may retain third parties, including certain of the Adviser’s affiliates, for necessary services relating to its investments or operations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 – Commitments and Contingencies From time to time the Company may be involved in various claims and legal actions arising in the ordinary course of business. As of June 30, 2022 (unaudited) and February 18, 2022, the Company was not subject to any material litigation nor is the Company aware of any material litigation threatened against it.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 7 – Subsequent Events The Company evaluated the possibility of subsequent events existing in its consolidated financial statements through March 2, 2022, the date the consolidated financial statements were available for issuance, and concluded there is no required disclosure.

Events Subsequent to the Date o

Events Subsequent to the Date of the Report of Independent Registered Public Accounting Firm (Unaudited)	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Events Subsequent to the Date of the Report of Independent Registered Public Accounting Firm (Unaudited)	Note 8 – Events Subsequent to the Date of the Report of Independent Registered Public Accounting Firm (Unaudited) The Company has evaluated subsequent events through September 19, 2022 (on an unaudited basis), which is the date the consolidated financial statements were reissued. As of September 19, 2022, in addition to the six existing classes of its common stock as described in “Note 2 – Capitalization,” the Company intends to offer and sell three additional classes of its common stock (Class A-I shares, Class A-II shares and Class A-III shares (together, the “anchor shares”)) in the Offering through certain financial intermediaries identified by the Company as described below. The intended fees and other items associated with the anchor shares are noted below. No upfront selling commissions, dealer manager fees, stockholder servicing fees will be charged with respect to the anchor shares, including shares issued in respect of distributions on such shares under the distribution reinvestment plan. Under the partnership agreement, no performance participation allocation will be paid on Class A-I units, Class A-II units or Class A-III units of the Operating Partnership. Anchor shares are not being offered to all investors in the Offering, but only through certain financial intermediaries identified by the Company whose clients initially purchase founder shares during the initial founder shares offering period and that in the aggregate subscribe for shares with minimum aggregate proceeds to the Company as of certain specified measurement dates. The Company reserves the right to waive the minimum anchor shares subscription requirements and/or to extend the anchor shares measurement dates in the Company’s sole discretion. The Company will pay the Adviser a management fee equal to 1.00% of NAV for Class A-I shares per annum payable monthly. The Company will pay the Adviser a management fee equal to 1.00% of NAV for Class A-II shares per annum payable monthly; provided that, for the period from January 1, 2023 through June 30, 2026, this management fee will be reduced to 0.92% of NAV for Class A-II shares per annum payable monthly. The Company will pay the Adviser a management fee equal to 1.00% of NAV for Class A-III shares per annum payable monthly; provided that, for the period from January 1, 2023 through December 31, 2026, this management fee will be reduced to 0.85% of NAV for Class A-III shares per annum payable monthly. Additionally, to the extent that the Operating Partnership issues Operating Partnership units to parties other than the Company, the Operating Partnership will pay the Adviser a management fee equal to (1) 1.00% of NAV of the Operating Partnership attributable to Class A-I units not held by the Company; (2) 1.00% of NAV of the Operating Partnership attributable to Class A-II units not held by the Company provided that, for the period from January 1, 2023 through June 30, 2026, this management fee will be reduced to 0.92% of NAV of the Operating Partnership attributable to Class A-II units not held by the Company and (3) 1.00% of NAV of the Operating Partnership attributable to Class A-III units not held by the Company provided that, for the period from January 1, 2023 through December 31, 2026, this management fee will be reduced to 0.85% of NAV of the Operating Partnership attributable to Class A-III units not held by the Company, in each case per annum payable monthly. The total aggregate repurchases of Class S shares, Class I Shares, Class D shares, Class F-S shares, Class F-D

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and the Operating Partnership. All intercompany balances and transactions are eliminated in consolidation. Separate statements of income, changes in equity, and cash flows have not been presented in the financial statements because principal operations have not commenced. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the balance sheets. Actual results could differ from those estimates.
Risks and Uncertainties	Risks and Uncertainties During the first quarter of 2020, there was a global outbreak of the novel coronavirus (“COVID-19”), COVID-19 COVID-19, COVID-19
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less. The Company may have bank balances in excess of federally insured amounts; however, the Company deposits its cash and cash equivalents with high credit-quality institutions to minimize credit risk exposure. The Company did not hold cash equivalents as of June 30, 2022 (unaudited) and February 18, 2022.
Income Taxes	Income Taxes The Company intends to make an election to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its taxable year ending December 31, 2022. If the Company qualifies for taxation as a REIT, the Company generally will not be subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income.
Organization and Offering Expenses	Organization and Offering Expenses The Adviser has agreed that it and/or its affiliates will advance organization and offering expenses on behalf of the Company (including legal, accounting, and other expenses attributable to the Company’s organization, but excluding upfront selling commissions, dealer manager fees and stockholder servicing fees) through the first anniversary of the date on which the Company breaks escrow. The Company will reimburse the Adviser and its affiliates for all such advanced expenses ratably over a 60-month
Distribution Reinvestment Plan	Distribution Reinvestment Plan The Company has adopted a distribution reinvestment plan whereby stockholders (other than residents of Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington) will have their cash distributions automatically reinvested in additional shares of common stock unless they elect to receive their distributions in cash. Residents of Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington will automatically receive their distributions in cash unless they elect to have their cash distributions reinvested in additional shares of our common stock. The per share purchase price for shares purchased pursuant to the distribution reinvestment plan will be equal to the offering price before upfront selling commissions and dealer manager fees (the “transaction price”) at the time the distribution is payable, which will generally be equal to the Company’s prior month’s NAV per share for that share class. Stockholders will not pay upfront selling commissions or dealer manager fees when purchasing shares pursuant to the distribution reinvestment plan. The stockholder servicing fees with respect to Class S shares, Class D shares, Class F-S Class F-D
Share Repurchases	Share Repurchases The Company has adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that the Company repurchase all or any portion of their shares. The Company may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in its discretion, subject to any limitations in the share repurchase plan. The total amount of aggregate repurchases of Class S shares, Class D shares, Class I shares, Class F-S Class F-D Class F-I

Capitalization (Tables)

Capitalization (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Company's Authorized Shares	As of June 30, 2022 (unaudited), the Company was authorized to issue up to 1,100,000,000 shares, consisting of the following: Classification Number of Par Value Preferred Stock 100,000,000 $ 0.01 Class S Shares 200,000,000 $ 0.01 Class D Shares 200,000,000 $ 0.01 Class I Shares 200,000,000 $ 0.01 Class F-S 100,000,000 $ 0.01 Class F-D 100,000,000 $ 0.01 Class F-I 100,000,000 $ 0.01 Class E Shares 100,000,000 $ 0.01 Total 1,100,000,000

Capitalization - Additional Inf

Capitalization - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Feb. 18, 2022
Subsidiary, Sale of Stock [Line Items]
Shares authorized	1,100,000,000
Share price	$ 20
Common Stock - Class I Shares
Subsidiary, Sale of Stock [Line Items]
Exchange of shares	10,000	10,000
Common Stock - Class I Shares | Apollo ARIS Holdings LLC
Subsidiary, Sale of Stock [Line Items]
Investments		$ 200,000
Exchange of shares		10,000
Maximum
Subsidiary, Sale of Stock [Line Items]
Offering of common stock shares	$ 5,000,000,000
Maximum | IPO
Subsidiary, Sale of Stock [Line Items]
Offering of common stock shares	4,000,000,000
Maximum | Distribution Reinvestment Plan
Subsidiary, Sale of Stock [Line Items]
Offering of common stock shares	$ 1,000,000,000

Capitalization - Schedule of Co

Capitalization - Schedule of Company's Authorized Shares (Details) - $ / shares	Jun. 30, 2022	Feb. 18, 2022
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares authorized	100,000,000	0
Shares authorized	1,100,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Common Stock - Class S Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	200,000,000	0
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class D Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	200,000,000	0
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class I Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	200,000,000	10,000
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class F-S Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	100,000,000	0
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class F-D Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	100,000,000	0
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class F-I Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	100,000,000	0
Common stock, par value	$ 0.01	$ 0.01
Common Stock - Class E Shares
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized	100,000,000	0
Common stock, par value	$ 0.01	$ 0.01

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Feb. 18, 2022
Accounting Policies [Abstract]
Cash equivalents	$ 0	$ 0
Organization and offering expenses	$ 4,300,000	$ 2,400,000
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per month	2%
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per calendar quarter	5%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Class S, D and I Shares
Related Party Transaction [Line Items]
Percentage of total return	12.50%
Hurdle amount percentage	5%
Class F-S, F-D and F-I Shares
Related Party Transaction [Line Items]
Percentage of total return	9%
Hurdle amount percentage	5%
Class E Shares
Related Party Transaction [Line Items]
Upfront selling costs, ongoing servicing costs, management fee or performance participation allocation	$ 0
Adviser [Member] | Class S, D and I Shares
Related Party Transaction [Line Items]
Percentage of management fee payment of NAV per annum	1.25%
Adviser [Member] | Class F-S, F-D and F-I Shares
Related Party Transaction [Line Items]
Percentage of management fee payment of NAV per annum	1%
Apollo Global Securities, LLC
Related Party Transaction [Line Items]
Maximum selling commissions, dealer manager fees and stockholder servicing fees as percentage of gross proceeds from sale of shares	8.75%
Apollo Global Securities, LLC | Class S and F-S Shares
Related Party Transaction [Line Items]
Maximum selling commissions as percentage of transaction price	3%
Maximum dealer manager fees as percentage of transaction price	0.50%
Maximum selling commissions and dealer manager fees as percentage of transaction price	3.50%
Stockholder servicing fee as percentage of NAV	0.85%
Apollo Global Securities, LLC | Class D and F-D Shares
Related Party Transaction [Line Items]
Maximum selling commissions as percentage of transaction price	1.50%
Stockholder servicing fee as percentage of NAV	0.25%
Apollo Global Securities, LLC | Class I and F-I Shares
Related Party Transaction [Line Items]
Stockholder servicing fee	$ 0
Upfront selling commission	0
Dealer manager fee	$ 0

Events Subsequent to the Date_2

Events Subsequent to the Date of the Report of Independent Registered Public Accounting Firm (Unaudited) - Additional Information (Detail) - USD ($)		6 Months Ended
	Jul. 01, 2022	Jun. 30, 2022
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per month		2%
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per calendar quarter		5%
Subsequent Event [Member]
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per month	2%
Percentage of total amount of aggregate repurchases of shares on aggregate NAV per calendar quarter	5%
Subsequent Event [Member] | Distribution Reinvestment Plan
Upfront selling commissions or dealer manager fees charged	$ 0
Subsequent Event [Member] | Class A-I shares [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%
Subsequent Event [Member] | Class A-II shares [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	0.92%
Subsequent Event [Member] | Class A-II shares [Member] | From January 1, 2023 through June 30, 2026 [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%
Subsequent Event [Member] | Class A-III shares [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	0.85%
Subsequent Event [Member] | Class A-III shares [Member] | From January 1, 2023 through December 31, 2026 [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%
Subsequent Event [Member] | Class A-I units [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%
Subsequent Event [Member] | Class A-II units [Member] | Operating Partnership [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	0.92%
Subsequent Event [Member] | Class A-II units [Member] | From January 1, 2023 through June 30, 2026 [Member] | Operating Partnership [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%
Subsequent Event [Member] | Class A-III units [Member] | Operating Partnership [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	0.85%
Subsequent Event [Member] | Class A-III units [Member] | From January 1, 2023 through December 31, 2026 [Member] | Operating Partnership [Member] | Adviser [Member]
Percentage of management fee payment of NAV per annum	1%