VICI Properties Announces $144.4M Pending Acquisition Of Real Estate Assets

VICI Properties has announced a pending acquisition of real estate assets valued at $144.4 million. This acquisition will increase annual rent by CAD$16.1 million (USD$11.6 million) under the existing PURE Master Lease, resulting in an acquisition capitalization rate of 8.0%. The lease term will be extended to a full 25 years with four 5-year renewal options, and rent escalations will follow specific terms aligned with the Canadian CPI.