Caesars-affiliated REIT buying MGM-affiliated REIT

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MGM Grand casino-hotel successful  Las Vegas, Tuesday, Jan. 14, 2020. (Erik Verduzco/Las Vegas Review-Jo ...

MGM Grand casino-hotel successful Las Vegas, Tuesday, Jan. 14, 2020. (Erik Verduzco/Las Vegas Review-Journal) @Erik_Verduzco

A existent property concern spot affiliated with Caesars Entertainment is buying a REIT affiliated with MGM Resorts International.

MGM Resorts announced aboriginal Wednesday that New York-based Vici Properties Inc. is acquiring MGM Growth Properties LLC.

The banal transaction values MGM Growth Properties astatine $17.2 billion.

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