Apollo Diversified Real Estate Fund (GRIFX)

Data through 2026-09-17 · latest filing N-23C3A filed 2026-09-29

Sponsored by Apollo. Interval Fund structure focused on private real estate.

Interval FundPrivate Real Estate

Sponsor: Apollo
CIK: 0001597634
Liquidity: Quarterly repurchase offers at NAV
Inception: 06/30/2014

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Net assets

June 30, 2026

source

Monthly portfolio report (Form N-PORT) · filed 2026-08-27 · period 2026-06-30

Available to signed-in readers.

Method Read from a structured field in the filing

Full observation history

NAV per share

Class I, September 17, 2026

source

Repurchase offer notice (Form N-23c-3) · filed 2026-09-29 · period 2026-09-17

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history

Total return, 12m

2025-04-01 to 2026-03-31

Source. SEC filings, 2025-04-01 to 2026-03-31

Annualized distribution rate

annualized · Class I · as of 2026-04-01

Debt per dollar

Of shareholders' money, June 30, 2026

Net expenses, as filed

September 30, 2025

01What changed

What changed

Red and yellow flags from the fund's latest filings.

Red flag

Available to signed-in readers.

Period ended June 30, 2026 · filing filed August 27, 2026 · flagged September 8, 2026

Why it matters

New share sales down 50% or more over the trailing year, as a share of the fund: the fund is raising half the money it did, and redemptions now lean on the portfolio.

Available to signed-in readers.

Yellow flag

Available to signed-in readers.

Period ended June 30, 2026 · filing filed August 27, 2026 · flagged September 28, 2026

Why it matters

The fund leaned meaningfully harder on its leverage in a single period. Even far from the ceiling, the direction and speed of travel matter; creep compounds quietly.

Available to signed-in readers.

02Returns

Returns

What has it actually returned?

Filed performance history

Complete direct filed history for the audited canonical class, newest window first. Repeated windows use the newest filing. Standardized table values preserve their filed annualization; no displayed value is re-estimated. Where the fund filed both shareholder-transaction and GAAP-FH bases, the transactional value is preferred and both remain visible. Figures remain separate from the calculated NAV-plus-distributions index and manager-source monthly returns.

03Distributions

Distributions

Is the distribution earned?

04Holdings

Holdings

What does it own?

05Liquidity

Liquidity

Can holders get out?

Stated cap: 5% of shares/quarter.

Available to signed-in readers.

06Leverage

Leverage

How much is borrowed?

Available to signed-in readers.

07Fees

Fees

What does it really cost?

Filed fee conditions

Available to signed-in readers.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I		Available to signed-in readers. * None. The standardized prospectus fee table contains no incentive/performance-fee line.		bps	* Filed label: Available to signed-in readers.; period 2025-09-30. Available to signed-in readers.	* Filed label: Available to signed-in readers.; period 2025-09-30. After waiver: not separately stated; interest: included; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. Available to signed-in readers.

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

08Sources

Where every figure comes from.

Its source, one click away.

Also in the filing: every headline figure, with its date

Net assets: source

Monthly portfolio report (Form N-PORT) · filed 2026-08-27 · period 2026-06-30

Available to signed-in readers.

Method Read from a structured field in the filing

Full observation history
NAV / share: source

Repurchase offer notice (Form N-23c-3) · filed 2026-09-29 · period 2026-09-17

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history
Annualized distribution rate
Asset coverage: 2,307%
Total return, 12m

Who can invest: No investor qualification is stated in the prospectus.

Recent filings

Filed	Form	Accession
Available to signed-in readers.