Blackstone Real Estate Income Trust to Acquire the Bellagio Real Estate From MGM Resorts International for $4.25 Billion in Sale-Leaseback Transaction
October 15, 2019
October 15, 2019
NEW YORK, Oct. 15 -- Blackstone, an investment firm, issued the following news release:
Blackstone Real Estate Income Trust ("BREIT"), and MGM Resorts International ("MGM Resorts") (NYSE: MGM) announced today that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.
As part of the transaction, MGM Resorts will lease the property from the j . . .
Blackstone Real Estate Income Trust ("BREIT"), and MGM Resorts International ("MGM Resorts") (NYSE: MGM) announced today that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.
As part of the transaction, MGM Resorts will lease the property from the j . . .