VICI Properties Inc.

We are thrilled to partner with Project Destined again on our great REIT Bridge Program. But don't take our word about this impactful program--watch below to hear program graduates talk about the knowledge they gained, the opportunities they had to increase their networks, and more. Know a student who wants to know more about or pursue a career in #CRE and REITs? Tag them or share this post. Special thanks to Cedric Bobo and the Project Destined team for all their work on this program.

A look at the upcoming Aman Beverly Hills, featured as the cover story in the most recent edition of the Beverly Hills Courier. Situated within One Beverly Hills – a 17.5-acre master-planned project by Cain at the western gateway of Beverly Hills – Aman's first West Coast property will be surrounded by lush botanical gardens, ultra-luxury residences, and the restored Beverly Hilton, looking to set a new benchmark for hospitality and design in the area. Read more here: https://lnkd.in/e8SEUWSt

Todd Boehly sat down with Richard Ditizio, CEO of the Milken Institute, at the Global Investors' Symposium where they discussed how to value investments, views on interest rates, and the individuals who have greatly influenced his life. Watch the full interview here: https://lnkd.in/eQJAtXUG

About 4,000 hotel suites at The Venetian Resort Las Vegas are being remodeled as part of the property’s previously announced $1.5 billion reinvestment project, of which VICI is providing up to $700 million of funding through our Partner Property Growth Fund strategy as announced in May 2024. The below Remodelista article highlights details of the newly redesigned suites at the Venetian, noting that as an all-suite resort it features “the largest standard rooms to be had on the Strip.” For more information about VICI’s Partner Property Growth Fund investment, see our press release here: https://lnkd.in/dHjhM5Tt

Last week, the VICI team volunteered with The Bowery Mission, an organization that promotes the flourishing of New Yorkers overcoming homelessness and marginalization by providing compassionate services and transformative community. Founded in the 1970s, The Bowery Mission has been a place of welcome, care and healing for New Yorkers in a crisis. The VICI team spent time preparing and serving lunch for those in need. Thank you to all who participated!

As we look forward to #WorldWaterDay on March 22, we are proud to share that we have saved more than 18 billion gallons of water since 2007. This is how we do it.

Jonathan Goldstein, CEO of Cain International, appeared on Bloomberg TV this afternoon to discuss the announcement of VICI's strategic relationship with Cain International and Eldridge Industries, initiated today with VICI's announced investment into One Beverly Hills. During the interview, Mr. Goldstein noted that, "VICI has been a real leader in the experiential real estate business...[and is a] great company for us to be in partnership with." VICI reiterates its excitement around today's announcement and our partners' shared vision for the future of experiential real estate.

Today, VICI announced the establishment of a strategic partnership with Cain International and Eldridge Industries, pursuant to a non-binding letter of intent, dedicated to investing in high-growth, experience-driven real estate. The collaboration launches with VICI’s $300 million investment into a mezzanine loan related to the development of One Beverly Hills, a landmark 17.5-acre luxury mixed-use development.   One Beverly Hills, developed by Cain and master planned by Foster + Partners, will be anchored by Aman Beverly Hills, bringing Aman’s first West Coast hotel, Aman-branded residences, and Aman Club to Beverly Hills. The masterplan will also include a full-scale refurbishment of The Beverly Hilton, longtime host of the Golden Globes, as well as 10 acres of botanical gardens and open space with high-end retail and dining.   Edward Pitoniak, CEO of VICI Properties, said, “Since VICI emerged in 2017, we have grown our company by growing our relationships. We have identified Cain International and Eldridge Industries as partners we intend to grow with for years to come. We’re excited to begin our relationship with VICI’s commitment to One Beverly Hills, a powerful example of Cain’s distinct ability to envision and develop compelling experiential complexes in the world’s leading destinations.”   For more information, please reference: Our full press release: https://lnkd.in/eXWpZhBM Our transaction overview presentation: https://lnkd.in/eTg6RMA2

At VICI, we seek to invest in experiential real estate benefitting from longer-term secular tailwinds, and we believe wellness is one of the most powerful secular trends of our time. The Real Deal recently published an article touting the growing value of wellness-linked real estate, highlighting Canyon Ranch, a leading provider of holistic, integrative health and wellness experiences, to whom VICI has served as a financing partner since 2022.   Canyon Ranch has been in the business of wellness for decades, and the team continues to refresh their offerings to capture market share in the growing global industry. For more information on VICI’s partnership with Canyon Ranch, please see the following press release: https://lnkd.in/e5DKTfkH

“Caesars Palace set the standard for luxury in Las Vegas when it first opened, and we continue to offer incredible experiences at our resort that can’t be found anywhere else. The AAA Four Diamond designation is a testament to our dedicated Team Members and the exceptional hospitality they provide our guests at Caesars Palace and Nobu Hotel Caesars Palace.” - Terrence O'Donnell, SVP and General Manager of Caesars Palace. We are incredibly proud to announce that Caesars Palace and Nobu Hotel Caesars Palace have received AAA’s Celebrated Four Diamond designation. Both hotels are part of a select group representing the top tier of the hospitality industry in North America. Roughly 1,750 hotels and 500 restaurants are featured on the AAA Four Diamond list. Hotels at this level, about 7% of the nearly 23,000 AAA Diamond lodgings, are noted for their upscale style and amenities enhanced with the right touch of service. All the details: https://bit.ly/4jBQnoe