.wre-home .wre-primary-menu:not(.wre-menu-ready) .sub-menu,.wre-home .wre-utility:not(.wre-menu-ready) .sub-menu{display:block!important} @media(max-width:760px){.wre-home .wre-nav-border:not([data-wre-mobile-ready]) .wre-navigation{display:flex!important}}

MGM sells its real estate investment trust for $4.4 billion in cash

By Third PartyAugust 8, 2021

Source: News 3 LV —

MGM Resorts has sold its real estate investment trust to another company in a deal that sends $4.4 billion in cash back to the Las Vegas-based casino operator.

Casino owner VICI Properties is acquiring all of the outstanding class A shares of MGM Growth Properties in a stock-for-stock transaction, MGM announced Wednesday.

As part of the deal, VICI will also redeem a majority of Growth Properties operating partnership units held by MGM Resorts for $43 per unit, or about $4.4 billion total.