Caesars Entertainment (CZR) said late Tuesday it has agreed to sell its LINQ Promenade property to a joint venture formed between TPG Real Estate (TPG) and Acadia Realty Trust's (AKR) investment management platform for $275 million.
The sale is expected to close in Q4, subject to certain conditions,
Caesars Chief Executive Tom Reeg said the deal "represents an accretive, non-core asset sale that will accelerate our debt reduction goals."
Price: 43.75, Change: -1.53, Percent Change: -3.38
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