VICI Properties Inc. Enters Into Agreements Relating to MGM Northfield Park in Northfield, OH
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Clairvest, a top-performing private equity management firm, is a recognized leader in the gaming sector having had ownership interests in 36 gaming assets over the last two decades. Clairvest is a sought-after partner with experience across regional casinos, racetracks, suppliers, technology providers and online gaming globally.
John
Michael Wagman, President and Managing Director at Clairvest, said, “Northfield Park is a high-quality asset in a compelling location, and we are looking forward to entering a new chapter of our firm’s decades-long history of investing in the gaming industry with
The Northfield Park Lease will have an initial annual base rent of
VICI Properties has also agreed, in accordance with, and as contemplated by, the terms of the MGM Master Lease, to amend the MGM Master Lease to account for MGM’s divestiture of the operations of Northfield Park, which will result in a reduction of the annual base rent under the MGM Master Lease by
The transactions referenced herein are expected to be completed in the first half of 2026 and are subject to customary closing conditions and regulatory approvals.
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across
About Clairvest
Clairvest’s mission is to partner with entrepreneurs to help build strategically significant businesses. Founded in 1987 by a group of successful entrepreneurs, Clairvest is a top performing private equity management firm with over
Forward-Looking Statements
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Press Release Category: Transactions
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Investor Contacts:
Investors@viciproperties.com
(646) 949-4631
Or
David Kieske
EVP, Chief Financial Officer
DKieske@viciproperties.com
Moira McCloskey
SVP, Capital Markets
MMcCloskey@viciproperties.com
LinkedIn:
www.linkedin.com/company/vici-properties-inc
Source: VICI Properties Inc.