Potter Anderson Advises Conflicts Committee of MGM Growth Properties on $4.6B Joint Venture
MGM Growth Properties LLC and Blackstone Real Estate Income Trust, Inc. announced today that they have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. MGM Growth Properties LLC is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.
Potter Anderson advised the conflicts committee of MGM Growth Properties on the deal. The team included partners Mark Morton and Tom Mullen and associates Alyssa Ronan, Garrett Lyons and Joseph Farris.