SCHEDULE 13D/A 0001013594-24-000433 0001163648 XXXXXXXX LIVE 1 Class A-I Common Stock, par value $0.01 09/02/2025 false 0001882850 03770B800 Apollo Realty Income Solutions, Inc.

9 WEST 57TH STREET, 42ND FLOOR NEW YORK NY 10019

Richard Guidice (212) 986-6000 Kleinberg, Kaplan, Wolff & Cohen, P.C. 500 Fifth Avenue New York NY 10110 0001163648 CI INVESTMENTS INC. AF A6 0 4695155.19 0 4695155.19 4695155.19 N 23 CO 0002022124 CI PM ARIS BL LP WC A6 0 4695155.19 0 4695155.19 4695155.19 N 23 PN Y FIRST ASSET (I) GENERAL PARTNER INC. AF A6 0 4695155.19 0 4695155.19 4695155.19 N 23 CO Class A-I Common Stock, par value $0.01 Apollo Realty Income Solutions, Inc. 9 WEST 57TH STREET, 42ND FLOOR NEW YORK NY 10019 Item 1 Comment: This Amendment No. 1 to the Schedule 13D is filed by the undersigned ("Amendment No. 1"). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D. Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The total amount of funds used by the Reporting Persons to make all purchases of Shares beneficially owned by the Reporting Persons, as reported in Items 5(a) and (b) was $97,100,000. The source of funds for purchases of Shares by each of the Reporting Persons is the working capital of CI PM. The aggregate percentage of Shares reported owned by the Reporting Persons is based upon 20,401,292.301 Shares outstanding as of September 4, 2025, which number is based on written representations made to the Reporting Persons by the Issuer after conferring with its transfer agent. As of the date hereof, the Reporting Persons collectively beneficially owned 4,695,155.186 Shares, constituting approximately 23.0% of all of the outstanding Shares. CI PM, the General Partner and CII have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the Shares held by CI PM. The transactions in the securities of the Issuer by the Reporting Persons during the past 60 days or since the last filing by the Reporting Persons on Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. No Person other than the Reporting Persons has the right to receive or the power to direct the receipt of distributions or dividends from, or the proceeds from the transfer of, the reported securities. Not Applicable. On August 25, 2025, CI PM executed and delivered a Subscription Agreement (the "Fifth Subscription Agreement"), pursuant to which CI PM offered to purchase up to $4,000,000 of the Issuer's shares of Class A-I Common Stock. The Fifth Subscription Agreement was not binding until the Issuer delivered a confirmation and acceptance, which was delivered effective as of September 2, 2025 (the "Fifth Acceptance"). Pursuant to the Fifth Acceptance, the Issuer confirmed that CI PM purchased 186,427.17 shares of the Issuer's Class A-I Common Stock at a price per share of $21.46, for an aggregate purchase price of $4,000,000. Pursuant to the terms of the Fifth Subscription Agreement, CI PM made certain customary representations and warranties to the Issuer. Exhibit 1: Transactions in Securities. Exhibit 99.6: Subscription Agreement, dated as of August 25, 2025, by CI PM ARIS BL LP (incorporated by reference to Ex. 4.2 to the Issuer's Registration Statement on Form S-11, filed with the Securities and Exchange Commission on September 20, 2022). CI INVESTMENTS INC. /s/ Yvette Zhang 09/04/2025 CI PM ARIS BL LP /s/ Yvette Zhang 09/04/2025 FIRST ASSET (I) GENERAL PARTNER INC. /s/ Yvette Zhang 09/04/2025