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Caesars Entertainment Enters Into Definitive Agreement To Sell The LINQ Promenade To A Joint Venture To Be Formed Between TPG Real Estate And The Investment Management Platform Of Acadia Realty Trust For $275M

Author: Benzinga Newsdesk | October 29, 2024 04:03pm

Caesars Entertainment, Inc. (NASDAQ:CZR) ("Caesars") today announced an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate ("TPG") and the Investment Management Platform of Acadia Realty Trust ("Acadia") for $275 million. This sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.

Posted In: AKR CZR TPG


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