Realty Income Invests $800 Million in CityCenter Las Vegas Real Estate
Realty Income Corporation has made an $800 million perpetual preferred equity investment in CityCenter's real estate assets on the Las Vegas Strip, including ARIA Resort & Casino and Vdara Hotel & Spa. This investment is in partnership with Blackstone Real Estate, which retains full common equity ownership, while MGM Resorts International will continue operations. This marks Realty Income's second major investment with Blackstone, following their Bellagio Las Vegas venture in 2023. Realty Income has also increased its 2025 investment volume guidance to over $6.0 billion.
Realty Income Corporation has announced an $800 million perpetual preferred equity investment in the real estate assets of CityCenter on the Las Vegas Strip, which includes the ARIA Resort & Casino and Vdara Hotel & Spa. The properties are owned by funds affiliated with Blackstone Real Estate, which will retain full common equity ownership, while MGM Resorts International will continue to operate the venues. This marks Realty Income’s second major investment with Blackstone Real Estate, following their joint venture on the Bellagio Las Vegas in 2023. Following this transaction, Realty Income has increased its 2025 investment volume guidance to over $6.0 billion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Realty Income Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA36563) on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
