MGM Growth Properties LLC: management transactions · United States · SEC (Form 4)

About MGM Growth Properties LLC

MGM Growth Properties LLC (“MGP”) was a U.S.-listed real estate company focused on owning and monetizing casino and resort real estate. Historically tied to MGM Resorts International, MGP operated as a specialized REIT-style vehicle centered on high-quality gaming and hospitality assets in the United States. Its headquarters were in Nevada, placing it at the center of the U.S. gaming and leisure ecosystem. MGP traded on the American market under the NYSE/NASDAQ umbrella before being absorbed through a larger sector transaction. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569621000132/vicistrategicacquisitionof.htm?utm_source=openai)) From an operating perspective, MGP’s business model was straightforward: own real estate and lease it on a long-term basis to operators, primarily MGM Resorts. This structure generated relatively predictable rental income while still giving investors exposure to the health of casino visitation, tourism, conventions, and discretionary leisure spending. The portfolio included well-known U.S. gaming assets, especially in Las Vegas and other major domestic markets, which supported the visibility of cash flows and the credit profile of the tenant base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/789570/000078957022000018/article11proformafinancials.htm?utm_source=openai)) In competitive terms, MGP sat within the niche universe of specialized REITs, where the investment case depends on lease duration, contractual rent escalators, asset quality, and tenant strength. Its key competitive edge was its strategic relationship with MGM Resorts, one of the leading gaming and hospitality operators in the United States. For investors, MGP represented a classic real-estate sale-leaseback story with relatively defensive contractual characteristics, but also with meaningful sensitivity to travel demand and consumer spending trends. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569621000132/vicistrategicacquisitionof.htm?utm_source=openai)) The most important recent corporate event was the company’s acquisition by VICI Properties, which closed on April 29, 2022. The transaction was announced at an implied value of about $17.2 billion including assumed debt, and it effectively ended MGP’s life as an independent publicly traded company. In practical terms, that means the MGP ticker is now mainly relevant for historical analysis, insider-filing context, and legacy reference rather than as an active standalone NYSE/NASDAQ listing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1705696/000170569622000089/viciq12022earningsrelease.htm?utm_source=openai))