New York-listed real estate investment trust VICI Properties has agreed a deal to take over full ownership of MGM Grand Las Vegas and Mandalay Bay Resort on the Las Vegas Strip.
VICI Properties currently owns a 50.1 per cent interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, and has entered into a definitive agreement to acquire the remainder from Blackstone Real Estate Income Trust (BREIT).
VICI will pay a cash [...]
