NYSE:VICISpecialized REITs
VICI Properties Closes US$1.16b Deal And Expands Income Potential
VICI Properties secured all necessary approvals to close its $1.16b acquisition of seven casino properties from Golden Entertainment.
The transaction includes new long term triple net master lease arrangements with an initial 30 year term.
The deal expands VICI's casino real estate portfolio and adds a new income stream tied to Golden Entertainment as a tenant.
VICI Properties (NYSE:VICI) is adding this new portfolio at a time when its shares trade around $28.42, with a 5 year return of...