Supplemental Prospectus (Form 424B3)

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-286625

APOLLO REALTY INCOME SOLUTIONS, INC.

SUPPLEMENT NO. 3 DATED JUNE 26, 2026

TO THE PROSPECTUS DATED APRIL 21, 2026

This prospectus supplement ("Supplement") is part of and should be read in conjunction with the prospectus of Apollo Realty Income Solutions, Inc., dated April 21, 2026 (as supplemented to date, the "Prospectus"). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus. References herein to "we," "us," or "our" refer to Apollo Realty Income Solutions, Inc. and its consolidated subsidiaries unless the context specifically requires otherwise.

The purpose of this Supplement is to make certain updates to the Prospectus.

Updates to the Prospectus

Suitability Standards

The following supersedes and replaces the third sentence of the fifth paragraph of the disclosure under "Suitability Standards" on page i of the Prospectus:

For the purpose of these suitability standards, unless otherwise indicated, (i) "liquid net worth" is defined as that portion of net worth that consists of cash, cash equivalents and readily marketable investments, (ii) "direct participation programs" includes REITs, business development companies, oil and gas programs, equipment leasing programs, and commodity pools, but excludes federal and state exempt private offerings and any investment company registered pursuant to the Investment Company Act and (iii) "conduct standards" means one or more standards of conduct required of or owed by the person selling, recommending, or providing investment advice relating to our shares to the stockholder or prospective stockholder under federal or state law or standards set by self-regulatory organizations. Standards of conduct owed by such persons include, but are not limited to, suitability obligations, compliance with Regulation Best Interest, 17 C.F.R. § 240.15l-1, requirements under the Employee Retirement Income Security Act of 1974, 29 U.S.C. §§ 1001-1461, or the Internal Revenue Code of 1986 and/or federal or state fiduciary duties.

The following supersedes and replaces the disclosure under "Suitability Standards - Alabama Investors" on page i of the Prospectus:

Alabama Investors. Purchasers residing in Alabama must have either (a) an annual gross income of at least $100,000 and a net worth of at least $100,000 or (b) a net worth of at least $350,000. An Alabama purchaser's aggregate investment in us and other non-traded direct participation programs shall not exceed 10% of such investor's liquid net worth at the time of their investment in us. This concentration limit does not apply to investments made through the distribution reinvestment plan nor to an investor who is an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the "Securities Act"). For purposes of the Alabama suitability standard, "liquid net worth" is defined as that portion of net worth consisting of cash, cash equivalents, and readily marketable securities.

The following supersedes and replaces the disclosure under "Suitability Standards - California Investors" on page i of the Prospectus:

California Investors. Purchasers residing in California must have either (a) an annual gross income of at least $100,000 and a net worth of at least $100,000 or (b) a net worth of at least $350,000. In addition, California purchasers may not invest more than 10% of their liquid net worth in us. Purchasers who are accredited investors as defined in Regulation D under the Securities Act, are not subject to the foregoing concentration limit.

The following supersedes and replaces the disclosure under "Suitability Standards - Idaho Investors" on page ii of the Prospectus:

Idaho Investors. Purchasers residing in Idaho must have either (a) a minimum annual gross income of $100,000 and a minimum net worth of $100,000; or (b) a minimum net worth of $350,000.

The following supersedes and replaces the disclosure under "Suitability Standards - Massachusetts Investors" on page ii of the Prospectus:

Massachusetts Investors. Purchasers residing in Massachusetts are required to have (a) a minimum liquid net worth of at least $100,000 and a minimum annual gross income of not less than $85,000; or (b) a minimum liquid net worth of $350,000. In addition, the total investment in us, our affiliates and other non-publicly traded direct investment programs (including REITs, business development companies, oil and gas programs, equipment leasing programs and commodity pools, but excluding unregistered, federally and state exempt private offerings) may not exceed 10% of an investor's liquid net worth. For purposes of the Massachusetts suitability standard, "liquid net worth" is defined as that portion of net worth

(total assets exclusive of home, home furnishings and automobiles minus total liabilities) that consists of cash, cash equivalents and readily marketable securities.

The following supersedes and replaces the disclosure under "Suitability Standards - New Jersey Investors" on page ii of the Prospectus:

New Jersey Investors. Purchasers residing in New Jersey are required to have (a) a minimum liquid net worth of at least $100,000 and a minimum annual gross income of not less than $85,000; or (b) a minimum liquid net worth of $350,000. In addition, the total investment in us, our affiliates and other non-publicly traded direct investment programs (including REITs, business development companies, oil and gas programs, equipment leasing programs and commodity pools, but excluding unregistered, federally and state exempt private offerings) may not exceed 10% of an investor's liquid net worth. For purposes of the New Jersey suitability standard, "liquid net worth" is defined as that portion of net worth (total assets exclusive of home, home furnishings and automobiles minus total liabilities) that consists of cash, cash equivalents and readily marketable securities.

The following supplements the disclosure under "Suitability Standards" on page iii of the Prospectus:

Washington Investors. Purchasers residing in Washington must have either (a) an annual gross income of at least $100,000 and a net worth of at least $100,000 or (b) a net worth of at least $350,000. A Washington purchaser's aggregate investment in us and other non-traded direct participation programs shall not exceed 10% of such investor's liquid net worth at the time of their investment in us. This concentration limit does not apply to investments made through the distribution reinvestment plan nor to an investor who is an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act. For purposes of the Washington suitability standard, "liquid net worth" is defined as that portion of net worth consisting of cash, cash equivalents, and readily marketable securities.

The following supersedes and replaces the seventh full paragraph of the disclosure under "Suitability Standards" on page iii of the Prospectus:

Each person selling or recommending shares on our behalf must make every reasonable effort to determine that the purchase or recommendation of shares of our common stock is a suitable and appropriate investment for each investor and/or in compliance with applicable conduct standards. Because the Dealer Manager is forming a selling group of participating broker-dealers to sell the shares, and the company is establishing relationships with registered investment advisers to provide investment advice regarding the shares, each respective participating broker-dealer and registered investment adviser will make this suitability and appropriateness determination. In making this determination, the participating broker-dealer and registered investment adviser, as applicable, will rely upon information provided by the investor, including at least the age, tax status, investment objectives, investment time horizon, investment experience, income, net worth, financial situation and needs, risk tolerance and other investments of the prospective investor, in addition to any other pertinent factors. Before you purchase shares of our common stock, your participating broker-dealer, registered investment adviser, authorized representative or other person placing shares on your behalf will rely on relevant information provided by you to determine that you:

Appendix B: Form of Subscription Agreement

Appendix B of the Prospectus is superseded and replaced in its entirety with the following: