Meanwhile, real estate investment trust companies acquire assets for long-term net lease agreements.
These are often seen as win-win deals for both casino operators and realty companies with the former monetizing their land assets to increase liquidity. Sale-leaseback deals are a common practice in the industry. Wynn Resorts announced last Thursday that it has completed the previously announced sale of the real property assets of Encore Boston Harbor to Realty Income for $1.7 billion in a sale-leaseback deal.
