MGM Growth Properties
Real estate investment trust / From Wikipedia, the free encyclopedia
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MGM Growth Properties, LLC (MGP) was a real estate investment trust based in Summerlin South, Nevada, that invested in large-scale casino properties. The company had whole or majority ownership of 15 properties, all of which were operated by MGM Resorts International. The company leased the properties to MGM Resorts via triple-net leases.[1] The company was acquired by Vici Properties in April 2022 for $17.2 billion.
Quick Facts Founded, Defunct ...
Founded | October 23, 2015; 8 years ago (2015-10-23) |
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Defunct | April 29, 2022; 2 years ago (2022-04-29) |
Fate | Acquired by Vici Properties |
Headquarters | , United States |
Revenue | $881 million (2019) |
$275 million (2019) | |
Total assets | $11.9 billion (2019) |
Total equity | $6.9 billion (2019) |
Footnotes / references [1] |
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