This super-regional resort and casino, which provides five-star dining, gaming, shopping and entertainment, was constructed in 2019 at a total cost of $2.6 billion. In fact, Wynn Resorts is an S&P 500 company and one of the preeminent developers and operators of integrated resorts in the world. The transaction reflects Realty Income’s strategy of utilizing its platform and scale, purchasing prime real estate assets across an array of industries and partnering with industry blue chips.

Upon completion of the transaction, Wynn Resorts WYNN will carry on operating the gaming-integrated resort operations of Encore Boston Harbor under a triple net lease with Realty Income. This marks the company’s first acquisition in the gaming industry. Realty Income O announced the completion of its $1.7 billion sale-leaseback of Encore Boston Harbor.