I thought Vici’s acquisition of the remaining interest in the JV with BREIT (essentially Mandalay Bay and MGM LV) to be a huge win for Vici. Vici assumed ~$3BN of debt but at ~100bps cheaper than their current weighted avg rate at around 3.5% (seems like a great move in this market). Also it’s just a cool industry to watch. Lots of action in Vegas.
Also (maybe I’m wrong and this is normal) but it seems like BREIT made a few larger sales since the news of investors trying to pull out. So that’s something to watch.
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I thought Vici’s acquisition of the remaining interest in the JV with BREIT (essentially Mandalay Bay and MGM LV) to be a huge win for Vici. Vici assumed ~$3BN of debt but at ~100bps cheaper than their current weighted avg rate at around 3.5% (seems like a great move in this market). Also it’s just a cool industry to watch. Lots of action in Vegas.
Also (maybe I’m wrong and this is normal) but it seems like BREIT made a few larger sales since the news of investors trying to pull out. So that’s something to watch.
Repellat quia quas temporibus asperiores molestiae voluptatibus. Quasi consequatur quae et eaque blanditiis cupiditate aut. Qui et commodi repellendus ea.
Sint a dignissimos amet porro modi. Ab odit facilis totam a. Nihil sit dolorum excepturi nobis.
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