VICI Properties acquires Foundation Gaming’s properties for $293 million with 8.3% capitalization rate

Real estate investment trust, VICI Properties Inc., has purchased the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView”), located in Vicksburg, Mississippi, from Foundation Gaming & Entertainment, LLC, a casino-entertainment company for a total purchase price of $293.4 million. The transaction has […]