Bellagio Las Vegas Catches Eye Of REIT Giant Realty Income Corp: Here Are The Details
Bellagio Las Vegas Catches Eye Of REIT Giant Realty Income Corp: Here Are The Details
One of the U.S. largest Retail REITs, Realty Income Corp (NYSE:O), disclosed an investment of around $950 million to acquire a stake in a joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas at a $5.1 billion valuation.
美国最大的零售房地产投资信托基金之一， 房地产收益公司 纽约证券交易所代码：O）披露投资约9.5亿美元，以收购一家合资企业的股份，该合资企业拥有拉斯维加斯贝拉吉奥酒店房地产资产95％的权益，估值为51亿美元。
The company is buying the 21.9% indirect stake in the property from Blackstone Real Estate Income Trust, Inc. of Blackstone Inc (NYSE:BX) for around $300 million.
该公司正在从黑石房地产收益信托基金公司手中间接购买该物业21.9％的股份 黑石公司 纽约证券交易所代码：BX），售价约为3亿美元。
Meanwhile, BREIT will retain a 73.1% indirect stake, and MGM Resorts International (NYSE:MGM) will have a 5.0% ownership in the asset.
同时，英国退欧投资委员会将保留73.1％的间接股份，以及 米高梅国际度假村 纽约证券交易所代码：MGM）将拥有该资产的5.0％所有权。
Apart from this, Realty Income will acquire a yield-bearing preferred equity interest in the joint venture for $650 million.
除此之外，Realty Income还将以6.5亿美元的价格收购该合资企业中具有收益的优先股权益。
The transaction is anticipated to close in fourth quarter (Q4) of 2023, subject to customary closing conditions.
该交易预计将于2023年第四季度（第四季度）完成，但须遵守惯例成交条件。
The Bellagio, situated at the center of the Las Vegas Strip, is subject to an existing triple net lease with around 26 years of remaining term and is operated and maintained by MGM.
Bellagio位于拉斯维加斯大道的中心，受现有三重净租约的约束，剩余期限约为26年，由米高梅运营和维护。
The existing Bellagio triple net lease structure includes 2% annual rent escalators for the next six years, the greater of 2% or CPI (capped at 3%) in seven to 16 years, and the greater of 2% or CPI (capped at 4%) in 17-26 years.
贝拉吉奥现有的三重净租赁结构包括未来六年2％的年租金自动扶梯，7至16年内2％的消费者价格指数（上限为3％），以及17-26年内2％或消费者价格指数（上限为4％）中较高者。
"We are pleased to initiate our Credit Investment platform through a preferred equity investment in the Bellagio joint venture. Credit Investments are a natural adjacency to our traditional business, allowing us to provide additional value to our clients while leveraging our core competencies in transaction sourcing and structuring, and real estate and credit underwriting and monitoring." said Sumit Roy, President and Chief Executive Officer.
“我们很高兴通过对Bellagio合资企业的优先股投资来启动我们的信贷投资平台。信贷投资是我们传统业务的天然邻近机构，这使我们能够为客户提供额外价值，同时利用我们在交易采购和结构以及房地产和信贷承保和监控方面的核心能力。” 总裁兼首席执行官苏米特·罗伊说。
As of June 30, Realty Income had $3.5 billion of liquidity, comprising cash and cash equivalents of $253.7 million.
截至6月30日，Realty Income拥有35亿美元的流动性，包括2.537亿美元的现金和现金等价物。
Price Action: Realty Income shares are trading higher by 0.41% at $56.59 premarket on the last check Friday.
价格走势： 在周五的最后一张支票中，房地产收益股价上涨0.41％，至盘前56.59美元。
Image: Bellagio Las Vegas
图片：拉斯维加斯贝拉吉奥酒店
译文内容由第三方软件翻译。