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VICI adds a 14th tenant as $53M Northfield Park lease moves to Clairvest
VICI Properties Inc. announced a new triple-net lease agreement with Clairvest for MGM Northfield Park following MGM Resorts’ sale of its operations there. This agreement adds Clairvest as VICI’s 14th tenant, with an initial annual base rent of $53.0 million, and maintains VICI’s aggregate rent collection despite a corresponding reduction in the MGM Master Lease. The deal diversifies VICI’s tenant base and leverages Clairvest’s extensive experience in the gaming sector.