NEW YORK CITY–(BUSINESS WIRE)–VICI Properties Inc (NYSE: VICI) (“VICI Properties” or “VICI”), an experiential realty investment company, and Foundation Gaming & & Entertainment, LLC (“Foundation Gaming”) introduced collectively today that VICI has actually gotten the realty properties of the Fitz Casino & & Hotel (“Fitz”), situated in Tunica &, Mississippi, and the WaterView Casino & Hotel (“WaterView”), situated inVicksburg,Mississippi, fromFoundation Gaming for an accumulated acquisition cost of $293.4 million. VICI funded the transaction with money accessible.
Simultaneous with the purchase, VICI participated in a triple-net master lease contract with subsidiaries of Foundation Gaming (the “Foundation Master Lease”) pertaining to the properties. The Foundation Master Lease has a preliminary complete yearly rental fee of $24.25 million, standing for a suggested purchase capitalization …
