
Realty Income Boosts 2025 Investment Guidance to $6B
Key highlights
- $800M preferred equity investment in CityCenter
- 2025 investment outlook over $6 billion
- Initial unlevered return of 7.4%
- Strategic partnership with Blackstone Real Estate
- Covers iconic Las Vegas Strip properties
Source: PR Newswire
Notable Quotes
“ We are pleased to build on our strategic relationship with Blackstone Real Estate to invest in one of the Las Vegas Strip's iconic properties. ”
Sumit Roy, President & CEO at Realty Income
“ This preferred equity investment is a terrific outcome for our investors as it returns significant capital while preserving our ownership in a world-class resort. ”
Jacob Werner, Co-Head of Americas Acquisitions at Blackstone Real Estate
Why this matters
This announcement marks a significant escalation in Realty Income's investment strategy, showcasing its commitment to expanding its portfolio and solidifying its relationship with Blackstone Real Estate. An increase in investment volume towards iconic properties reinforces Realty Income's reliability as a monthly dividend provider and enhances its market position. This development is particularly significant for the real estate sector.
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