Common Contracts
1 similar Joint Venture Agreement contracts
Blackstone REIT and MGM JV to Buy MGM Grand and Mandalay Bay for $4.6 BillionJoint Venture Agreement • January 8th, 2023
A joint venture between Blackstone Real Estate Income Trust Inc., a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), and publicly traded REIT, MGM Growth Properties LLC (NYSE: MGP), have agreed to purchase the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, Blackstone REIT will purchase $150 million in MGM Growth Properties Class A shares.
