“Another noteworthy aspect of the deal is that the venture’s attractive debt structure will remain in place, with a fixed interest rate of 3.55 percent through 2030, a financing cost which could not be replicated in the current environment.” “Aside from the size of the deal, the transaction is noteworthy given Vici’s partner and seller of the interest is Blackstone Real Estate Income Trust,” said Al Otero, portfolio manager at Armada ETF Advisors. SEE ALSO: Tower Companies Secures $188M Refi for Silver Spring Multifamily Campus
