Published: December 1, 2022

Realty Income closes on $1.7B acquisition of Encore Boston Harbor from Wynn

  • Realty Income (NYSE:Oclosed 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 (WPCside by side.

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