Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
Over a 25-year career with firms including Cole Real Estate investments and AEW Capital Management, Scott M. Holmes has closed over $6 billion in commercial real estate transactions.
The gaming resort company, whose portfolio is net leased to Caesars Entertainment, last week rejected a merger bid from MGM Growth Properties in favor of moving forward as a standalone company.
The combination, which VICI's board said was “not in the best interests of the company,” would create the nation's largest triple-net lease REIT by enterprise value.
"When you look at potential disruptions, you don't even need to go to the future," TCW's Iman Brivanlou tells GlobeSt.com. "You can look at what's already happened."
The apartment REIT's news about its medical office portfolio capped a busy Tuesday of acquisition and disposition announcements in the healthcare space.
Included in the deal is a $315-million sale-leaseback to Gaming and Leisure Properties Inc., the landlord for Penn National and Pinnacle under their respective master lease agreements.