Realty Income to acquire Encore Boston Harbor from Wynn Resorts for $1.7bn.

Realty Income, a real estate investment trust, agreed to acquire Encore Boston Harbor, a casino-resort, from Wynn Resorts, a developer and operator of high end hotels and casinos, for $1.7bn. "This transaction demonstrates our ability to utilize our platform and scale to acquire prime real estate assets across a variety of industries in alignment with our investment criteria. Our investment philosophy centers around generating favorable risk-adjusted returns by investing in strategically important properties with partners who are leaders in their respective industries. We are pleased to cultivate a new relationship with Wynn Resorts as we expand our universe of net lease investments," Sumit Roy, Realty Income President and CEO.