About MGP

A premier triple net lease REIT with iconic, award-winning assets of diversified leisure, entertainment and hospitality across the United States 
 

  • Significant underlying asset value with $10 billion of gross book value 1
  • The largest REIT portfolio of irreplaceable assets on the Las Vegas Strip 2
  • Diversified revenues across lodging, entertainment, gaming, retail, conventions, dining and nightlife 3
    • Hotel rooms: 27,233 
    • Restaurants: 200+
    • Retail outlets: 100+
    • Entertainment venues: 20+
    • Convention square footage: Approximately 2.6 million
    • Casino square footage: Over 1.0 million

 

 

  • Visible growth opportunities 
    • Master lease provides contractual rent growth through 2020
    • Pursuit of attractive third party net lease acquisitions in leisure, entertainment, hospitality and related sectors
    • Right of first offer to MGM National Harbor and MGM Springfield 


Strong tenant in MGM Resorts International 

  • We have a clear financial portfolio given the transparency in our tenant, MGM Resorts International
    • Well known, publicly traded Fortune 500 company
    • Leading globally integrated resort operator with highly recognized brands in the industry
  •  Experienced management team with considerable operations background
  •  Established track record of reinvesting in its assets
  • Corporate guarantee of the tenant’s performance and payments under the master lease provides market leading rent coverage

 

 

1 As of 12/31/15, represents total gross PP&E value
2 Based on hotel rooms and convention square footage
3 Pro forma for initial public offering and subsequent acquisition of Borgata Hotel Spa & Casino