Blackstone Sells $800 Million Stake in Las Vegas Strip Resorts

Blackstone Inc. is selling a preferred equity stake in the CityCenter Las Vegas complex to Realty Income Corp. in a deal that lets the alternative asset manager cash in on...

By Patrick Clark · Bloomberg

Blackstone Inc. is selling a preferred equity stake in the CityCenter Las Vegas complex to Realty Income Corp. in a deal that lets the alternative asset manager cash in on its investment while retaining control of the property.