Announced
Completed
Financials
Tags
Commercial REITs
Domestic
real estate investment trust
leisure resorts
United States
Acquisition
Friendly
Single Bidder
Public
Majority
Completed
Synopsis
VICI Properties, an experiential real estate investment trust, completed the acquisition of MGM Growth Properties, a publicly traded real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, from MGM Resorts, an S&P 500® global entertainment company, for $17.2bn. "The team at VICI has worked collaboratively with MGM to help us unlock significant value from the underlying real estate of our assets. We look forward to continuing our long-term partnership with VICI," Bill Hornbuckle, MGM Resorts International President and CEO.
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