The current expansion period is the second-longest post-war boom period on record and may become the longest, which would indicate that the cycle may be close to a peak.
VICI is acquiring a market-leading property, and leasing it out at an effective 7.9% cap rate to Penn National Gaming.
In this EXCLUSIVE, Paul Nash, an attorney in the San Francisco office of Allen Matkins, outlines some of the particulars about new law, Assembly Bill 2343, that goes into effect on September 1, 2019.
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