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Las Vegas Sands Corp. has entered into two agreements to sell its real estate and operations portfolio in Las Vegas. The transactions are valued at a total of $6.25 billion and include The Venetian Resort Las Vegas and the Sands Expo and Convention Center. The sale is expected to close in the fourth quarter, and it marks Las Vegas Sands exit from the market.

Affiliates of Apollo Global Management and VICI Properties Inc. purchased the assets in two separate transactions. The affiliates of Apollo Global Management will acquire a portion of the portfolio for $1.05 billion in cash, and it will provide $1.2 billion in seller financing. VICI Properties Inc. will acquire real estate and real estate-related assets for $4 billion in cash. Goldman Sachs & Co. LLC served as exclusive financial advisor to Las Vegas Sands, and Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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