Jonathan Litt’s Land & Buildings is pushing Six Flags to spin off real estate holdings Investor believes VICI Properties could be a potential buyer Casino landlord is adding to nongaming holdings Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) is pushing Six Flags Entertainment (NYSE: FUN) to consider spinning off or selling its real estate holdings, noting that a property sale could draw interest from various suitors, including VICI Properties (NYSE: VICI). Land & Buildings founder Jonathan Litt. He says VICI Properties could be interested in buying Six Flags’ real estate. (Image: Wealth Management) A major investor in Six Flags, L&B estimates the amusement park operator’s property holdings to be worth $5.67 billion, adding that with the stock down 50% year to date, the time could be right for the company to evaluate sale-leasebacks or a real estate spin-off to unlock “trapped real estate value.” L&B, which has previously owned shares of VICI, said the Caesars Palace owner could…Â Read More
Category: Financial, Mergers and Acquisitions, mergers and acquisitionsÂ
Source: Casino.org
