MGM Growth Properties
MGM Growth Properties Raises $10B in Public
Quick Facts
MGM Growth Properties Raises $10B in Public
MGM Growth Properties has successfully raised $10B in a Public at a $12B valuation led by VICI Properties.
Company Overview
MGM Growth Properties is a Real Estate company headquartered in 3950 South Las Vegas Boulevard, Las Vegas, NV 89119, founded in 2016 with 50+ employees.
Gaming REIT
Fundraising Details
- Amount Raised: $10B
- Round Type: Public
- Valuation: $12B
- Date: 2024-01-01
- Investors: VICI Properties
About MGM Growth Properties
Gaming REIT The company is positioned in the Real Estate sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 3950 South Las Vegas Boulevard, Las Vegas, NV 89119
- Founded: 2016
- Team Size: 50+
- Industry: Real Estate
What This Means
This funding round demonstrates strong investor confidence in MGM Growth Properties's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Real Estate sector continues to attract significant investment as companies innovate to meet evolving market demands. MGM Growth Properties's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $12B valuation marks an important milestone for MGM Growth Properties, positioning the company among notable players in the Real Estate industry.
Looking Ahead
With this new capital, MGM Growth Properties is well-positioned to execute on its growth strategy and continue building innovative solutions in the Real Estate space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-01-01. For more information about MGM Growth Properties, visit their headquarters at 3950 South Las Vegas Boulevard, Las Vegas, NV 89119.
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