Simpson, Hogan Aid Blackstone-MGM Growth JV's $4.6B Buy

Law360 (January 14, 2020, 12:50 PM EST) -- Simpson Thacher and Hogan Lovells represented a Blackstone real estate investment trust and MGM Growth Properties, respectively, in connection with that venture’s $4.6 billion purchase of a pair of Las Vegas hotels and casinos, a deal the companies announced Tuesday.

MGM Growth Properties LLC and Blackstone Real Estate Income Trust said Tuesday they are buying the MGM Grand from MGM Resorts International and are picking up Mandalay Bay, which MGM Growth Properties currently owns and will retain an ownership interest in once the deal closes.

The venture will lease both properties back to MGM Resorts, the companies said Tuesday.

“Owning these two...

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