MGM Growth Properties to acquire MGM Springfield for $400m.

MGM Growth Properties, a real estate investment trust, agreed to acquire MGM Springfield, a hotel and casino complex, for $400m. "We are excited to add MGM Springfield to our portfolio of high-quality gaming resort real estate and are encouraged by the property's recent record financial performance. This transaction reflects the continued execution of our growth strategy, will be immediately accretive to AFFO per share upon closing and further strengthens our master lease with MGM," James Stewart, MGM Growth Properties CEO.