VICI Properties completed the acquisition of 38 bowling entertainment centers from Bowlero for $433m.

VICI Properties, an experiential real estate investment trust, completed the acquisition of 38 bowling entertainment centers from Bowlero, an owner and operator of bowling entertainment centers, for $433m. “We are excited to announce our entry into the family entertainment sector, a $15+bn experiential category, with a best-in-class, growth-minded operator. At VICI, we seek to invest in non-commodity real estate centered on experiences benefiting from long-term secular tailwinds, and Bowlero’s track record of growth and innovation in a resilient experiential sector aligns well with our investment framework. We are proud to be a key real estate and capital partner for the Bowlero team," John Payne, VICI Properties President & COO.