Caesars Entertainment (CZR) said late Tuesday it has agreed to sell its LINQ Promenade property to a joint venture formed between TPG Real Estate (TPG) and Acadia Realty Trust's (AKR) investment management platform for $275 million.
The sale is expected to close in Q4, subject to certain conditions,
Caesars Chief Executive Tom Reeg said the deal "represents an accretive, non-core asset sale that will accelerate our debt reduction goals."
Price: 43.75, Change: -1.53, Percent Change: -3.38
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments