Transformative Acquisitions: MGM Growth Properties & The Venetian Resort
THE VENETIAN: AMONG THE ICONS OF AMERICAN COMMERCIAL REAL ESTATE
The GM Building (New York City, NY)
Owner: Boston Properties, Safra, Zhang Xin
Ala Moana Mall (Honolulu, HI)
Owner: Brookfield
bloomingdales
mingle
Gaylord Opryland / Grand Ole Opry (Nashville, TN)
Owner: Ryman Hospitality Properties
The Venetian Resort (Las Vegas, NV)
Orlando World Center Resort (Orlando, FL)
Owner: Host Hotels
✓
The Venetian is a Truly Iconic Experiential Real Estate Asset
Acquired at a significant discount to estimated replacement cost
Expected to be immediately accretive to earnings upon closing
✓ Premium absolute and relative cash flow yields to other comparable
global iconic assets
✓ Attractive inflation-protected long-term lease
✓ Generated $1.8bn+ of property revenue in 2019
✓ $340mm+ of capital invested into the asset over the past five years
Amazon Georgetown Crossroads (Seattle, WA)
Owner: Prologis
Stuyvesant Town (New York City, NY)
Owners: Blackstone and Ivanhoe
VICI
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