# VICI Properties L.P. — capital_raise/atm_program [completed]
Source: SEC API (secapi.ai) · situation sit_084f0162bf8e61333582 · retrieved 2026-08-11T16:12:02.516Z

## Overview
VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations across the United States and Canada.

VICI Properties entered into a triple-net lease agreement with an affiliate of funds managed by Clairvest Group Inc. for MGM Northfield Park in Northfield, Ohio on April 21, 2026. The Northfield Park Lease had an initial annual base rent of $53.0 million at closing (which increased to $54.0 million following a 2.0% escalation on May 1, 2026) and a 25-year lease term with three 10-year tenant renewal options. The lease includes escalation of 2.0% per annum on May 1st each year (with escalation equal to the greater of 2.0% and the change in CPI capped at 3.0% beginning in 2032). This transaction added Clairvest as VICI's 14th tenant.

## Terms
- Counterparty: Clairvest Group Inc.

## Key dates
- Completed 2026-04-21

## Timeline
- 2026-07-29 · 8-K (0001705696-26-000088): 8-K - VICI Properties L.P. — *VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations across the United States and Canada.* VICI Properties entered into a triple-net lease agreement with an affiliate of funds managed by Clairvest Group Inc. for MGM Northfield Park in Northfield, Ohio on April 21, 2026. The Northfield Park Lease had an initial annual base rent of $53.0 million at closing (which increased to $54.0 million following a 2.0% escalation on May 1, 2026) and a 25-year lease term with three 10-year tenant renewal options. The lease includes escalation of 2.0% per annum on May 1st each year (with escalation equal to the greater of 2.0% and the change in CPI capped at 3.0% beginning in 2032). This transaction added Clairvest as VICI's 14th tenant.
  https://www.sec.gov/Archives/edgar/data/1920791/0001705696-26-000088.txt

## Citations
- 0001705696-26-000088 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000170569626000088