Tags: REITs
USA – Blackstone betalar 4.6 miljarder dollar för fotfäste i MGM Grand och Mandalay Bay
MGM Resorts avlastar ett stort aktieinnehav i två av sina stora tillgångar i Las Vegas, och MGM Grand och Mandalay Bay säljs till den växande spelstyrkan Blackstone för 4.6 miljarder dollar enligt den alltmer populära "köp och leasing tillbaka-modellen". Affären mellan MGM Growth Properties och Blackstone Real Estate Income Trust tjänar effektivt pengar på det verkliga...
US – Caesars diversifies tenants roster with Margaritaville Penn deal
Caesar’s spin off VICI Properties has completed the purchase of land relating to Margaritaville Resort Casino, located in Bossier City, Louisiana, for $261m whilst Penn National Gaming will in effect act as a tenant having bought the operating assets for $115m. Penn National’s lease agreement will see it paying annual rent of approximately $23.2m for…
USA – Kongressmedlemmar undertecknar ett brev mot Caesars REIT
Political support against Caesars Entertainment’s efforts to create a real estate investment trust (REIT) to split its assets. US Congress members have now signed a letter asking Treasury Secretary Jacob Lew to reject what would be a beneficial tax regime. Caesars has transferred 10 of its properties, including seven on the Las Vegas Strip, into…
USA – Analytiker förvirrade över MGM:s övergång till REIT
In a move that has confused analysts, MGM Resorts International is transferring 10 of its properties, including seven on the Las Vegas Strip, into a real estate investment trust that will be 70 per cent owned by MGM, but will allow for ‘strategic and financial benefits.’ MGM will maintain 100 per cent ownership of Bellagio,…
