Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.