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O
Realty Income Announces Major Investment and Revised Guidance
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8-K
Summary
Realty Income Corporation announced a definitive agreement with Blackstone Real Estate to acquire an $800.0 million preferred equity investment in CityCenter Las Vegas, while also revising its 2025 investment volume guidance to over $6.0 billion. The preferred equity investment is expected to carry an unlevered initial rate of return of 7.4% with annual, capped escalators starting on the fifth anniversary of the closing.
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