MGM Growth Properties (MGP) files for an IPO on the NYSE.
The REIT of MGM Resorts (NYSE:MGM) properties aims to raise as much as $1B through the public offering of shares.
MGM Growth says its "tenant" will be obligated to pay it $550M of rent under the master triple-net lease during the first year. The tenant will be a subsidiary of the casino company under its control.
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