Blackstone Real Estate Income Trust Inc., New York, and VICI Properties Inc. announced jointly a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of $1.27 billion.
Tag: Dealmaker
Dealmaker: Sonnenblick-Eichner Co. Arranges $22M Los Angeles Hotel Refinance
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $22 million in non-recourse first mortgage financing for Doubletree by Hilton Los Angeles-Commerce.
Dealmaker: M&T Realty Capital Corp. Provides $34M for New York Properties
M&T Realty Capital Corp., Baltimore, recently closed multiple deals in New York totaling $33.6 million.
Dealmaker: IPA Negotiates $22M Tucson Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold a 144-unit apartment property in Tucson, Ariz., for $21.8 million, or $151,389 per unit.
Dealmaker: JLL Arranges More than $250M
JLL Capital Markets announced multiple transactions totaling at least $246.5 million for multifamily, office and hospitality properties across the U.S.
Dealmaker: NewPoint Real Estate Capital Provides $105M Bridge Loan
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $105 million bridge loan for the acquisition and lease-up of SeventyOne15 McDowell, a new-build mid-rise apartment community in Scottsdale, Ariz.
Dealmaker: iBorrow Provides $26M for Retail, Student Housing
iBorrow, Los Angeles, provided $26.2 million in financing for a California retail center and a Texas student housing property.
Dealmaker: Berkadia Completes $48M Apartment Community Sale
Berkadia Institutional Solutions sold Hardy Springs, a 149-unit single-story 55-plus apartment community in suburban Atlanta.
Dealmaker: Gantry Secures $61M for Oregon Retail Center
Gantry, San Francisco, secured $61 million in fixed-rate financing for the Cedar Hills Crossing retail center in Beaverton, Ore.
Dealmaker: Tempus Realty Partners Acquires Lane Bryant Campus for $42M
Tempus Realty Partners, Little Rock, Ark., acquired Lane Bryant’s 236,070-square-foot campus in New Albany, Ohio for $42 million.