Apollo AX Essential Retail Portfolio, DST

Investment Description

The portfolio consists of four standalone grocery assets, leased to Safeway, spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.

Investment Highlights

• The portfolio consists of four standalone grocery assets spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.

• Safeway Inc. doing business as Haggen, Inc, a Pacific Northwest grocery banner operating across Washington, is the tenant for all four portfolio assets and functions as a wholly owned subsidiary of Albertsons Companies, Inc., one of the largest food and drug retailers in North America.

• The portfolio represents approximately 25% of Haggen’s regional sales, with three of four stores ranking in the top quartile for foot traffic and generating ~4.2 million annual visits for the trailing twelve months ended August 2025.

• DST is backed by a stable tenant with a long-term lease (Albertsons/Safeway), and thesponsor, Apollo RE Exchange, has structured the offering with a focus on consistent income.

• Apollo is 30+ years old, has $938 B total AUM, with 2,785 employees worldwide.