Blackstone Secures $800M Equity Investment for CityCenter Las Vegas
Wednesday 03 de December 2025 / 12:00
2 minutos de lectura
(Las Vegas).- A major equity infusion has been made into a prime Las Vegas asset owned by Blackstone Real Estate, with Simpson Thacher confirming its role as Blackstone’s legal representative in the deal.
Blackstone Real Estate has secured a major equity investment in one of its flagship Las Vegas properties. The private equity firm announced that Realty Income Corporation, a publicly traded real estate investment trust specializing in single‑tenant commercial properties, will provide an $800 million preferred equity investment into Blackstone’s ownership stake in CityCenter, the 18‑million‑square‑foot mixed‑use complex on the Las Vegas Strip. Law firm Simpson Thacher advised Blackstone on the transaction.
The definitive agreement outlines that Realty Income’s investment will be directed toward the real estate assets of CityCenter, which include the ARIA Resort & Casino and the Vdara Hotel & Spa. Despite the new capital infusion, Blackstone Real Estate will retain full common equity ownership of the property, while MGM Resorts International will continue to manage operations. The deal highlights both companies’ commitment to expanding their presence in high‑profile hospitality and entertainment assets.
This marks the second collaboration between Realty Income and Blackstone Real Estate, following their successful joint venture at the Bellagio Las Vegas in 2023. Alongside the announcement, Realty Income raised its 2025 investment outlook to more than $6 billion. The transaction is expected to close on December 9, 2025, subject to customary closing conditions, reinforcing the strategic partnership between the two firms in the Las Vegas market.
Categoría:Casino
Tags: Sin tags
País: United States
Región: North America
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