NYSE:VICISpecialized REITs
VICI’s Alberta Casino Deal and Lease Reset Could Be A Game Changer For VICI Properties (VICI)
VICI Properties Inc. recently completed its acquisition of the real estate assets of Deerfoot Inn & Casino, Great Northern Casino and two adjacent limited-service hotels in Alberta, Canada for C$200.6 million (US$144.4 million), adding the properties to its triple-net master lease with PURE and increasing annual rent by C$16.1 million (US$11.6 million) with built-in future escalators.
The transaction not only extends the PURE master lease to a fresh 25-year term with four 5-year renewal...