Realty Income Announces $950 Million Investment in Bellagio Las Vegas at $5.1 Billion Valuation

Realty Income Corporation has entered into a definitive agreement to invest approximately $950 million to acquire a 21.9% indirect interest in the Bellagio Las Vegas, a renowned property on the Las Vegas Strip, through a joint venture with Blackstone Real Estate Income Trust, Inc.

realtyincome.com

Relevant topic timeline:

9/10/2023

Long-Term Investor Remains Bullish on Realty Income Despite Recent Stock Drop

Realty Income, the first real estate investment trust (REIT) purchased by the author, has a strong history of market-beating performance, monthly dividend payments, and consistent increases in payout, despite its stock price declining by 20% over the past year.