Vici Investor Presentation

EXPERIENTIAL REAL ESTATE SECTOR INVESTMENTS CHELSEA PIERS NEW YORK EST. [NY] 1995 Up to $80MM Senior Secured Loan 60 ✓ Low secular threat given limited supply of amateur sports facilities in New York City ✓ Contains New York's best-located film production studios - a category in very high demand ✓ Resilient business model with a historical track record of recovering quickly from financial (e.g., the Great Financial Crisis), civil (e.g., 9/11) and natural (e.g., Hurricane Sandy) crises VICI WEIGH V MINU GREAT WOLF LODGE $80MM & $59MM Mezzanine Financing ✓ Investments in Perryville and South Florida with the opportunity to provide an additional $162MM of mezzanine financing to fund the roll out of Great Wolf's platform Capital intensive, operationally complex experiential asset class naturally limits potential for oversupply in the indoor waterpark resort sector Durability of the indoor waterpark resort experience given the continual demographic tailwind the family formation life stage BIGSHOTS GOLF ✓ Up to $80MM Mortgage Financing Call right to acquire the real estate of any BigShots Golf facility financed by VICI ✓ Scalable platform with an identified development pipeline that allows VICI to enter markets where VICI cannot currently invest in commercial gaming assets Local, drive-to destinations that capitalize on consumers shifting to out-of-home entertainment Note: These financing arrangements, including future opportunities, may be subject to additional terms and conditions as described in the applicable agreements. ✓ CABOT Up to $120MM Senior Secured Loan Entered into Purchase and Sale Agreement to convert a portion of the loan facility into real estate ownership pursuant to a long- term, triple-net lease Entry into the 'Pilgrimage Experience Sector' with a world- leading developer, owner and operator of destination golf resorts Opportunity to serve as Cabot's preferred capital partner as they expand their footprint of pilgrimage golf experiences both domestically and internationally 16

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