VICI Properties agrees Alberta racetrack lease with CAD10.7m annual base rent
By The Weekly Edge desk · · Updated
Summary
VICI Properties agreed a 20-year triple-net lease with Highfield Investment Group covering real estate at Alberta’s Century Mile and Century Downs racetracks, CDC Gaming reported. Initial annual base rent is CAD10.7m (US$7.5m), with four renewal options of five years each.
Why it matters
VICI’s lease sets CAD10.7m in initial annual base rent over a 20-year term, with four five-year renewal options.