Apollo Diversified Real Estate Fund Class I
GRIFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kevin A. Shields
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 640 S. Sepulveda Boulevard, Suite 400 New York NY United States of America 90049
- IPO Date
- Aug 7, 2015
- Similar Companies
- Business
- Apollo Diversified Real Estate Fund (GRIFX) is a mutual fund that invests primarily in a diversified portfolio of real estate securities, including equity REITs, mortgage REITs, real estate operating companies, and related debt instruments; it also allocates to real estate-related equities, hybrid securities, and derivatives for income generation and capital appreciation. The fund employs a bottom-up investment approach, selecting securities across various property sectors such as residential, office, retail, industrial, healthcare, and lodging properties; it targets undervalued opportunities with strong fundamentals, balancing income from dividends and interest with potential growth from asset appreciation. Managed by GrizzlyRock Capital, LLC, the fund operates globally with a focus on U.S. markets but includes international real estate exposures where opportunities arise, serving institutional and retail investors seeking real estate sector exposure without direct property ownership. Launched in 2018 and domiciled in the United States with advisory operations based in San Francisco, California, the fund has undergone recent strategic enhancements, including expanded portfolio diversification into non-traditional real estate assets amid market volatility in 2024 and a key sub-advisory partnership with a leading REIT analytics firm announced in late 2023 to bolster risk management and sector research capabilities. In 2025, GRIFX reported a significant asset under management increase following a distribution agreement with major broker-dealers, enabling broader retail access; it also launched an ESG-integrated share class to address growing demand for sustainable real estate investments. These developments reflect GrizzlyRock's adaptive strategy, positioning the fund for resilience in fluctuating interest rate environments and evolving commercial real estate dynamics.