- Realty Income (NYSE:O) closed on the acquisition of the land and real estate assets of Encore Boston Harbor and Casino from Wynn Resorts (NASDAQ:WYNN), marking its first acquisition in the gaming industry.
- As previously announced, the net-lease REIT agreed to purchase the land and real estate assets for $1.7B in a sale-leaseback deal. Wynn Resorts (WYNN) will continue to operate the gaming resort's operations subject to a triple net lease with Realty Income (O).
- SA contributor Samuel Smith compares Realty Income (O) and W.P. Carey (WPC) side by side.