6 Firms Rep VICI's $17.2B MGM Growth Buy

By Benjamin Horney (August 4, 2021, 8:21 AM EDT) -- VICI Properties will buy MGM Growth Properties at an enterprise value of $17.2 billion, the companies said Wednesday, in a transaction put together with help from six law firms.

The deal will see real estate investment trust VICI Properties Inc. take control of MGM Growth Properties LLC from MGM Resorts International, according to a statement. MGM Resorts will maintain a roughly 1% stake in the VICI operating partnership worth $370 million.

As a result of the deal, MGM Resorts will receive cash proceeds of about $4.4 billion.

MGM Growth, or MGP, is a real estate investment trust that operates a portfolio...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!