VICI Properties Inc. (NYSE:VICI) acquired Chelsea Piers in New York City for approximately $340 million on December 18, 2023. The cash portions of the transactions were or are expected to be funded with a combination of cash on hand, partial settlement of outstanding forward equity sale agreements, and drawing down funds under the VICI Properties's existing revolving credit facility. The $71.5 million outstanding Chelsea Piers loan was repaid in full and terminated in connection with the closing of the acquisition. The transaction with Chelsea Piers represents VICI?s first conversion of an initial loan investment into real estate ownership.

VICI Properties Inc. (NYSE:VICI) completed the acquisition of Chelsea Piers in New York City on December 18, 2023.